A Study in Analysing the Major Factors Influencing in Raising Capital for Solar Photovoltaic Projects in Tamilnadu

Abstract

Globally, environmental impact goals have been introduced, drawing attention to the need to transition to alternative energy sources that are capable of satisfying demand while simultaneously minimizing the amount of damage done to the environment. Solar energy is a significant renewable energy source that also provides an abundant supply of an environmentally friendly energy source. However, it is essential to analyze the factors that have an impact on the economic viability of the projects to provide assistance and inspiration to investors who are interested in installing solar energy systems to produce electricity. As a result, the purpose of this research is to investigate the primary factors that influence the procedure of acquiring financial support for solar photovoltaic projects. A comprehensive investigation will be carried out to achieve this objective, and primary data will be acquired via the use of questionnaires. The finance decisions that an organisation makes have a significant impact on the organization's capacity to continue its operations in the short and long term, including the returns that it provides to its owners and other relevant stakeholders. To maximise the well-being of its owners, often known as shareholders, the fundamental objectives of business organisations are to maximise their revenue and profits, reduce their expenses, and watch out for the interests of other essential stakeholders. The selection of the appropriate capital or finance structure is a significant financial decision that managers and directors who are entrusted with the achievement of an organization's objectives are required to make with great care to ensure that their goals are supported.