When
it comes to the value of renewable energy, much of the talk still focuses on
the industrialized world, such as wind power in northern Europe, and solar
farms in America’s desert southwest. It’s understandable, since the industrialized
world has traditionally been the biggest user of fossil fuels. But it makes it
too easy to forget the vast potential and need that renewables represent in
rapidly developing parts of the world, like India.
Pan
Global Corp., a U.S. based company investing in green energy projects in India,
recently cited an article in the Business Standard (http://dtn.fm/7kCA)
indicating the rapid progress and large potential for renewables in the
country. It points out that India’s installed renewables capacity is already
over 32 Gigawatts, almost 13% of the country’s total potential, and that the
government has set a 2017 target of reaching over 41 Gigawatts, representing a
$10+ billion opportunity for India’s green market. India, with the fifth
biggest electricity generation capacity in the world, is still short of energy,
and it’s clear that the push is to make up that difference through renewables.
Pan
Global considers itself in an excellent position to take advantage of this
opportunity, and has been actively acquiring green generation projects, such as
Project Badyar, a small-hydro plant in northern India. The 5.7 MW plant project
has already been connected to India’s grid, though various stages of
construction continue. Testing, certification, and other activities are being
completed to achieve full commercial operation. Some of the very first
hydroelectric power plants in Asia were constructed in India, and hydro power
has a long history in there.
The
company is also getting into the solar installation and services ecommerce
marketplace through a system designed to bring together buyers and sellers of
solar equipment and services, plus they are developing a unique hydroponic
greenhouse operation for the sustainable production of vegetable crops.
For
more information, visit www.PanGlobalCorp.com
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