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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