Thursday, July 17, 2014

Pan Global Corp. (PGLO) Seeks to Develop Solar Ecommerce Marketplace

Nevada-based Pan Global Corp. constantly investigates opportunities where it can develop electric power generation projects from renewable energy sources, such as solar, mini-hydro, geothermal and wind power.

These days, Pan Global’s main focus is on potential projects in India. At this time, many commercial and industrial energy consumers face high electricity prices which often surpass the price of electricity generated from solar photovaltic (PV) power.

Pan Global is in discussions with companies and subsidiaries of well-known international companies operating in India about undertaking the development of solar power generation projects on customer sites or undertaking the supply of power directly to these private customers. The ability to initiate these discussions is directly related to solar PV having achieved “grid parity,” wherein unsubsidized solar PV costs are less than grid electricity prices.

In addition, Pan Global recently announced that it will develop an ecommerce marketplace site for solar installation and services in India. The Pan Solar Marketplace is intended to bring buyers and sellers of solar equipment and services together in one place. Initially, the focus will be on rooftop solar paneling systems and, eventually, the company will consider extending and providing large, ground-based solar installations and other services.

Years ago, Pan Global’s managers recognized the promise in the green energy market in India and, now, they believe they have identified several opportunities for the company to enter the solar market. Backing this decision are industry reports that estimate that India’s solar market could be worth billions of dollars over the next decade. Add to that the perception that India’s new government is highly supportive of accelerating the country’s renewable growth plans and Pan Global’s managers have added confidence in their future initiatives.

For more information, visit www.panglobalcorp.com

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