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Financial attractiveness of decentralized renewable energy systems – A case of the central Himalayan state of Uttarakhand in India

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  • Yaqoot, Mohammed
  • Diwan, Parag
  • Kandpal, Tara C.

Abstract

Financial viability is arguably the most important requirement for large scale dissemination of decentralized renewable energy systems (DRESs). Financial viability of a DRES can vary from region to region as it depends on various geographical and socio-economic factors. With sufficient solar radiation availability throughout the year, abundant forest cover, dependence of majority of population on agriculture and remote villages facing energy access related challenges, the state of Uttarakhand in India has significant potential for the application of solar and biomass based DRESs. Based on the current fuel prices, subsidies and rebates, this study is an attempt to assess the financial attractiveness of solar and biomass based DRESs under various scenarios for their potential users in Uttarakhand.

Suggested Citation

  • Yaqoot, Mohammed & Diwan, Parag & Kandpal, Tara C., 2017. "Financial attractiveness of decentralized renewable energy systems – A case of the central Himalayan state of Uttarakhand in India," Renewable Energy, Elsevier, vol. 101(C), pages 973-991.
    • Handle: RePEc:eee:renene:v:101:y:2017:i:c:p:973-991
    DOI: 10.1016/j.renene.2016.09.040
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