Indian Journal of Economics and Development

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On Solar Power Project Facilitators and their Tribulations in West Bengal:An Empirical Study


Affiliations
1 Department of Commerce, University of Gour Banga, Malda – 732 103, West Bengal, India
 

Objectives: To address the major obstacles and hindrances confronted by the solar power facilitators in the state of West Bengal, India to assure sustainability of energy.

Methods/Statistical Analysis: The period of our study spans for six years beginning from January, 2012 to December 2017 and we have utilized Kaiser-Meyer-Olkin (KMO) Measure of Sampling Adequacy and Bartlett's Test of Sphericity. Principal Component Analysis by applying Garrett’s ranking technique has been also used to achieve the objectives of our study.

Findings: The expansion of the production of solar power has not achieved the anticipated dimension in India because of a few difficulties in its formative way. Nonetheless, there are a number of problems faced by the solar power facilitators that hinder the advancement of the solar business. Non-availability of financers, not getting levy in due time, higher installation charges, and delay in payment of subsidies and elevated GST on components are considered to be the major obstacles that hinder the path of the growth of solar power business in the state of West Bengal. Rotated Component Matrix has extracted 4 factors out of 11 variables that have been utilized in our study. These 4 factors explained 61.03 % of the variability the obstacles faced by the facilitators.

Application/Improvement: This study can act as a policy document on the part of the government, to initiate plans and strategies for the growth of the solar power industries.


Keywords

Empirical, Facilitators, Solar Power Project, Tribulations, West Bengal.
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  • On Solar Power Project Facilitators and their Tribulations in West Bengal:An Empirical Study

Abstract Views: 236  |  PDF Views: 118

Authors

Bhaskar Bagchi
Department of Commerce, University of Gour Banga, Malda – 732 103, West Bengal, India

Abstract


Objectives: To address the major obstacles and hindrances confronted by the solar power facilitators in the state of West Bengal, India to assure sustainability of energy.

Methods/Statistical Analysis: The period of our study spans for six years beginning from January, 2012 to December 2017 and we have utilized Kaiser-Meyer-Olkin (KMO) Measure of Sampling Adequacy and Bartlett's Test of Sphericity. Principal Component Analysis by applying Garrett’s ranking technique has been also used to achieve the objectives of our study.

Findings: The expansion of the production of solar power has not achieved the anticipated dimension in India because of a few difficulties in its formative way. Nonetheless, there are a number of problems faced by the solar power facilitators that hinder the advancement of the solar business. Non-availability of financers, not getting levy in due time, higher installation charges, and delay in payment of subsidies and elevated GST on components are considered to be the major obstacles that hinder the path of the growth of solar power business in the state of West Bengal. Rotated Component Matrix has extracted 4 factors out of 11 variables that have been utilized in our study. These 4 factors explained 61.03 % of the variability the obstacles faced by the facilitators.

Application/Improvement: This study can act as a policy document on the part of the government, to initiate plans and strategies for the growth of the solar power industries.


Keywords


Empirical, Facilitators, Solar Power Project, Tribulations, West Bengal.

References