1. Introduction Renewable energy is

1. Introduction Renewable energy is the energy which comes from natural resources such as sunlight, wind, rain, tides and geothermal heat. These resources are renewable and can be naturally replenished. Therefore, for all practical purposes, these resources can be considered to be inexhaustible, unlike dwindling conventional fossil fuels. The global energy crunch has provided a renewed impetus to the growth and development of Clean and Renewable Energy sources. Clean Development Mechanisms (CDMs) are being adopted by organizations all across the globe. Apart from the rapidly decreasing reserves of fossil fuels in the world, another major factor working against fossil fuels is the pollution associated with their combustion. Contrastingly, renewable energy sources are known to be much cleaner and produce energy without the harmful effects of pollution unlike their conventional counterparts.