India's Solar Power Surge - Asian Green Technology Holdings Ltd. Report
Investors are bypassing Europe and the U.S. preferring India's emerging solar energy market.
- (1888PressRelease) March 10, 2011 - Europe and the U.S. have seen colossal investment into green energy in the preceding years. Huge commitment is essential to modernise energy consumption in Europe and with tight EU budgets very little will come from government funding. The aim of investment is to increase the use of renewable energy sources including wind and solar power via mechanisms including wind farms and photovoltaic panels which can be built into the walls or roof of a building.
Progress in this area, however, is extremely drawn-out following the economic collapse of 2008 and the subsequent recession. With the housing market turning over at a slower rate, the development of greener housing has slowed with it. Most of the population are understandably too preoccupied with pay cuts, government cut-backs, high unemployment rates and low property prices to begin thinking about strapping solar panels to the roof of their house. Tight EU budgets may have additionally prompted green investors to look to India to reap their rewards where things are, well...just a little different.
India is currently experiencing deficits in electricity, the likes of which will require an epic power surge in order to fund its emerging economy. This requirement, combined with a call to cut carbon emissions has driven the Indian government to invest in solar energy. Part of this investment sees the government planning new schemes and initiatives to revolutionise India's environmental standard.
India is densely populated containing within its perimeters over 15% of the world's population. It is this high population that consolidates its place as Asia's third largest energy consumer. That is no small feat when you consider the rest of energy hungry Asia which sees China as the globe's second largest economy (and the world's greatest exporter of goods) followed closely by Japan coming in third. Let's not forget that you have to add into the mix the hundreds of millions of Indians that are still without power. Once this enormous percentage of the population is up and running, energy consumption rates will be off the chart.
It is easy to see why analysts at Asian Green Technology Holdings are tipping a vast expansion in India's solar energy consumption, choosing to bypass investment opportunities in Europe and America. India is expecting to see advances in green energy in the form of solar power plants and rooftop solar projects in a bid to reduce existing carbon emissions. This comes at a time when the European housing market is still moving at a snail's pace slowing solar development with it. It really is a no brainer.
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