Developing countries such as India and Africa which have tremendous solar energy resources, are faced with a decision about how they will power their growing economy and move their people from poverty to prosperity. Clean energy technologies such as wind and solar power are now ready as a real alternative to coal and oil.
Recently Bloomberg ran a news piece on solar energy investment planned for India by SoftBank Group. SoftBank will partner with Bharti Enterprises and Foxconn in a $20B solar power venture that is likely to have s significant impact on the country and it’s residents.
India is a country with over 2 billion people that has a growing population and a growing demand for energy. Many investments of this size are needed in the next few years to turn the country to a clean energy pathway.
SoftBank Group Corp. is a Japanese multinational telecommunications and Internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, technology services, finance, media and marketing, and other businesses.
The Future is Bright for Solar Investment in India.
Solar energy investments in India of this magnitude are only starting to happen. We can expect to see many more companies investing in clean energy which means opportunity for residents for jobs in a industry that is making a huge difference to the world.
About Gordon Smith Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.