Pan Global continues advancing an attractive
portfolio of sustainable energy, infrastructure and agricultural interests
focused on the steadily growing market in India, with the recent grid
connection of a 5.7MW small-hydro plant up in Uttarakhand (where around 70% of
the population still lives in rural areas) being a prominent example of the
company’s strategy for helping to solve India’s enormous demand for energy
using localized generation with a low environmental impact.
With around 4.7% GDP growth for Q4 last year
and despite a relative slowing in the economy, India remains one of the
stronger growth markets globally for localized green energy solutions,
especially mini-to-small hydro, with its ability to generate power from low
flow-rate rivers without having to dam or create reservoirs. According to 2013
IEA data, well upwards of 24.7% of the roughly 1.27B people in India are still
without access to electricity and this is a very conservative figure (some
estimates say 400M or more), giving investors an idea of the potential which
still exists for localized generation.
With the 2012 series of severe blackouts that
left some 600M without power at one point still fresh in everyone’s mind,
reports like the recent one just in from the northeastern state of Arunachal
should give pause. Frequent power cuts have crippled the main hospital in one
of the oldest towns in the state, Ziro (12.3k people, encompassing Lower
Subansiri district has around 83k people), leading to serious preservation
problems at the blood bank. The 2012 blackouts, chalked up by analysts to
unstable grid architecture and overloading, cost at least $100M (Economist
Praveen Jha, New Delhi’s Jawaharlal Nehru University).
It is in this environment that PGLO is
advancing a mix of hydropower, geothermal, solar photovoltaic and green
building/energy efficiency vectors, as well as sustainable agriculture, where
the company seeks to leverage their expertise and deliver vegetables and other
in-demand crops via scaled hydroponic greenhouse production. High quality
organic produce to feed India’s growing population is a no-brainer (2.59 births
per woman, while down from highs in the 1960′s of around 6, is still a major
growth curve compared to 1.89 in the U.S.) and localized green energy solutions
to provide clean electricity to go along with the food, make tremendous sense
in light of the national grid’s vulnerabilities and inconsistencies.
The new PM of India, Modi, who came in
partially on the strength of former PM Singh’s failures to handle the nation’s
growing electrical demand, just kicked off the start of a major project to lay
a robust new transmission line further north of Uttarakhand in Jammu and
Kashmir, as well as to put in two new 45MW hydropower plants, clearly showing
the Indian government’s drive to modernize India’s grid, even up in the rugged
Himalaya territory. Localized hydro solutions are a great way to help meet
demand, but another growing vector is solar photovoltaics, which allow for even
more localized micro solutions that can replace the mostly diesel generators in
use by small businesses and households.
The report on the global green energy market
by ResearchMoz out in May of this year pegs a compound annual growth rate of
around 8.3%, projecting a market just under $832B globally within the next half
decade alone. Growing demand for electricity from consumers in particular, who
use an increasingly sophisticated array of technologies in their daily lives
(requiring higher energy density), is setting the precedent for more stable
supply solutions. This is especially true in India, where the solar market
alone could be worth billions over the next decade according to the 2013 A.T.
Kearney report ($7B in capital investment and $4B in annual revenues for
grid-connected solar over the next decade).
The strength of the Indian solar market and
clear growth potential for green energy in India has even led PGLO to start
development on a solar installation and services ecommerce marketplace site,
the Pan Solar Marketplace, in order to fully exploit the cultural, as well as
governmental support for supercharging India’s renewable infrastructure.
Initially focused on rooftop solar, the Pan Solar Marketplace looks to bring
together hardware developers, installers and customers, with an eventual
migration into larger ground-based solar array projects as well.
For more information, visit:
www.panglobalcorp.com
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