The present global energy scenario, in which fossil fuels play a preponderant role, faces significant energy and environmental challenges. To help address these challenges, countries across the world are increasing the contribution made by renewable energy (RE) resources to their energy supplies. Feed-in Tariff (FiT) is one of the most effective incentive policies used to promote the RE sector especially at the micro-generation level.

The number of solar photovoltaic (PV) installations has been increasing worldwide but the high capital cost of installation continues to be the main challenge, particularly in many developing countries. The solar concentrator, a device that focuses the sunlight onto a small area, has the potential to minimize the use of expensive PV material while maintaining the system’s performance, ultimately bringing down its overall cost.

Climate change is the greatest ‘market failure’ the world has seen. This has stimulated policy makers around the world to turn into renewable energy. As a result, renewable energy is indeed the order of the day and the sun is the most powerful source of energy that God has blessed mankind with.