The renewable energy sector has received major traction across the world on account of its environment friendly nature that reduces strain on fossil fuels. Some of the prominently used renewable energy sources include solar, wind, hydro, geothermal, and biomass. Large investments have been made in the renewable energy sector too fund technological advancements, power plant set-up & distribution, and reduce energy prices. Favorable government policies and initiatives such as capital subsidies and tax evasions are anticipated to increase renewable energy projects across the world. Photovoltaic and concentrated solar power are the widely used technologies in the solar power sector.