Surging solar energy industry

Rajendra Saxena
Posted: Wednesday, Mar 26, 2008 at 0406 hrs IST
Updated: Monday, Apr 07, 2008 at 0430 hrs IST

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: the next 5 years to Middle East. Qatar announced an investment of $15 billion from 2008 to 2013", says Mr. Rao.

"Turnover in 2006 was $16 billion globally and is expected to rise to $65 billion in the short span of about 2013, global opportunities is so much", Mr. Rao adds.

To make its consumption cheaper, a lot of efforts are going in the direction of creating new technologies globally.

More and More solar manufacturing is coming to India. "Solar Semiconductor has plans to invest around US$ 1 Billion over the next few years", says Mr. Buddhavarapu.

"Solar currently is much less than 1% of the total global energy consumption. So even a modest percent shift at the global level will mean a big increase in solar demand and this is exactly what is happening now", adds Mr. Buddhavarapu....

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