The world’s present economy is highly dependent on various fossil energy sources such as oil, coal, natural gas, etc. These are being used for the production of fuel, electricity and other goods [1]. Excessive consumption of fossil fuels, particularly in large urban areas, has resulted in generation of high levels of pollution during the last few decades. The level of greenhouse gasses in the earth’s atmosphere has drastically increased [2]. With the expansion of human population and increase of industrial prosperity, global energy consumption also has increased gradually. Import of transport fuel is affected by limited reserves of fossil fuel. Annual global oil production will begin to decline within the near future [3]. In this scenario, renewable sources might serve as an alternative.