One of the major concerns in the power sector is increasing power demands, but there is deficient in energy resources. Demand has increased for renewable sources of energy to be utilized along with conventional systems to meet the energy demand. Renewable sources like wind energy and solar energy are the prime energy sources available in surplus. The continuous use of fossil fuels has caused the fossil fuel deposit to be reduced and has drastically affected the environment depleting the biosphere and cumulatively adding to global warming. Solar energy is abundantly available that has made it possible to harvest it and utilize it properly. Solar energy can be a standalone generating unit or can be a grid connected generating unit depending on the availability of a grid nearby. Thus it can be used to power rural areas where the availability of grids is very low. Another advantage of using solar energy is the portable operation whenever wherever necessary.
In order to tackle the present energy crisis, one has to develop an efficient manner in which power has to be extracted from the incoming solar radiation. The power conversion mechanisms have been greatly reduced in size in the past few years.
