In this paper, the stress has been given on the future of fossil fuel which are at diminishing stage and their replacement by renewable energy sources and their limitations. | Alternative energy a special reference to solar energy International Journal of Management IJM Volume 6 Issue 9 Sep 2015 pp. 29-43 Article ID IJM_06_09_004 Available online at http IJM JTypeIJM amp VType 6 amp IType 9 ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication _ ALTERNATIVE ENERGY A SPECIAL REFERENCE TO SOLAR ENERGY . KOLHE Elect . Research Student . Nagpur University Nagpur India Dr. . KHOT Prof. Dept of Statistics . Nagpur University Nagpur India ABSTRACT Alternative energy simply means energy that is produced from sources other than our primary energy supply fossil fuels. Coal oil and natural gas are the three kinds of fossil fuels that we have mostly depended on for our energy needs from home heating and electricity to fuel for our industries automobiles and mass transportation. The fossil fuels are of non-renewable nature. They are limited in supply and will one day they will be depleted. There is no escape from this conclusion. Fossil fuels formed from plants and animals that lived hundreds of millions of years ago and became buried underneath the Earth s surface where their remains collectively transformed into the combustible materials that we use for fuel. In fact the earliest known fossil fuel deposits are from the Cambrian Period about 500 million years ago way before the dinosaurs emerged onto the scene. This is when most of the major groups of animals first appeared on Earth. The later fossil fuels which provide more substandard fuels like peat or lignite coal soft coal began forming as late as five million years ago in the Pliocene Period. There is no doubt that at our current rate of consumption these fuels cannot occur fast enough to meet our current or future energy demands. Fossil fuel along with nuclear energy a controversial non-renewable energy source is supplying 93 of the world s energy .