While solar energy is going to be the fastest-growing sector, the biggest challenge for investors in India will be government regulation, stated a survey which was conducted by NMIMS-FPJ. At the inaugural session of a webinar 'The future of energy', there was a survey that was conducted with about 2,000 people which included an equal mix of professionals in the industry and management students.
The survey stated 64 per cent people felt that solar energy will be the fastest-growing in the energy sector. However, 9.6 per cent of people felt that all renewables will be the fastest-growing segment. The survey pointed out that more people have faith in coal-based thermal energy growth rather than wind energy. After solar, the second fastest-growing energy according to the respondents is biomass energy. About 11 per cent of respondants felt biomass will be the fastest-growing energy.
Almost 26 per cent of the audience believed that bad government policies hindered investment flows into the energy sector in India. Add to that another 7 per cent which believed that failure to respect and honour contracts was the reason for poor investment appetite. Thus, collectively, 33 per cent of the audience believed that the government had failed to create the right atmosphere for promoting investment in the energy sector.
About 21 respondents felt that lack of technology in energy sector is putting off investors from investing in the energy sector in the country. Yet another challenge is inadequacy in capital which 18 per cent respondents stated.
Watch the inaugural session on ‘The Future of Energy’ below: