MSc Engineering Management: Solar Energy Auction Price Analysis

This report investigates the factors influencing solar energy auction prices in India, a critical aspect of the nation's renewable energy sector. The study explores the context of increasing solar energy demand and the government's shift to auction-based contracts. It aims to identify key determinants of auction prices, analyze market growth, and assess the importance of auctions within the Indian solar energy market. The research employs both qualitative and quantitative methods, including correlation and ANOVA analysis, using primary and secondary data. Findings reveal a strong correlation between solar energy demand, alternative energy sources, and resource availability. The study also highlights the impact of resource scarcity on investment, the role of private companies in accessing resources, and the statistical significance of various factors, as indicated by R-squared and P-value results. The implications of this work emphasize the potential for identifying investment gaps, maximizing consumer demand, and promoting technological advancements. The report concludes by discussing the future scope of solar energy projects in India and the importance of renewable energy sources to reduce reliance on fossil fuels.