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Introduction to Renewable Energy Market and Metaheuristic Algorithms for Condition Monitoring of Photovoltaic Parameter Estimation

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Metaheuristic and Evolutionary Computation: Algorithms and Applications

Part of the book series: Studies in Computational Intelligence ((SCI,volume 916))

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Abstract

For the growth of renewable energy in Indian modernized power zone, several efforts have been made in this chapter. This chapter précis the availability, existing status, key achievement and future potential of renewable energy, tradable REC certificates, and their consequences on the aspects of promoting renewable energy. It attempts to review a variety of plans and assesses commenced by administration of India for encouraging of renewable energy, the current policy mechanisms. Hence to explore the opportunity of a solution to the inconvenience of drastically decrement in renewable market, some comprehensive study and their future steps have been performed in this work. Highlighted power exchanges trading including which areas continue to need additional research in India. Role of ANN and Metaheuristic algorithms in renewable energy sector have been stated. This chapter also discusses about the role of private and public sector in energy sector in India and represents a brief discussion on market scenario of renewable energy especially solar energy.

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Authors and Affiliations

  1. EEED, NIT Sikkim, Ravangla, India

    Pradeep Kumar

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  1. Pradeep Kumar
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Correspondence to Pradeep Kumar .

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Editors and Affiliations

  1. ICE Division, NSUT, Delhi, India

    Hasmat Malik

  2. Dept. of Electrical Engineering, Qatar University, Qatar, Qatar

    Atif Iqbal

  3. Electrical Engineering Department, Rajkiya Engineering College, Uttar Pradesh, India

    Puneet Joshi

  4. Electrical Engineering Department, Rajkiya Engineering College, Uttar Pradesh, India

    Sanjay Agrawal

  5. Electrical Engineering Department, National Institute of Technology, Srinagar, India

    Farhad Ilahi Bakhsh

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Kumar, P. (2021). Introduction to Renewable Energy Market and Metaheuristic Algorithms for Condition Monitoring of Photovoltaic Parameter Estimation. In: Malik, H., Iqbal, A., Joshi, P., Agrawal, S., Bakhsh, F.I. (eds) Metaheuristic and Evolutionary Computation: Algorithms and Applications. Studies in Computational Intelligence, vol 916. Springer, Singapore. https://doi.org/10.1007/978-981-15-7571-6_11

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