ANNOUNCEMENTS
The study revolves around the Floating Solar Power Plant. Two important examination of the thesis is - Socioeconomic impact of the Floating Solar Power Plant (FSPP) on the Local Household of Darbhanga City, Bihar, India and the Economic Feasibility of the Floating Solar Power Plant for the Government of Bihar. Both this objective has worked upon along entire study. Where for the first objective of Socioeconomic impact the study has used Sustainability Livelihood Framework as a methodology. In this Five Capitals were considered to get the impacts on three main stakeholders – households, schools & shopkeepers.
The Second Objective of the study has been calculated by the use of profit functions. The result indicates a positive relation between the variables and capitals, where the socioeconomic impact across the capitals shows significant improvement. The Physical Capital got the most change among the all-other capitals. The study reveals enhanced electricity availability, better school facilities, strengthened community engagement, and business advancements. Additionally, the economic feasibility analysis demonstrates that the developer-based FSPP is profitable for the government, generating an average monthly profit of 20.4 million rupees.
Lastly the thesis concludes with some policy recommendation over the renewable energy, Floating Solar Power Plant and plant technology and encourage renewable energy development. This study contributes to understanding the local-level impacts of renewable energy interventions and their potential to improve livelihoods in developing regions.
Keywords: Floating Solar Power Plant, Sustainability Livelihood Framework, Livelihood Capitals, Renewable Energy, Solar Energy.
