Investments in solar power overtook those in wind power for the first time in 2011, and the latest deals suggest this is only the start, says energy industry expert GlobalData. The group says that renewable energy is becoming increasingly important in developing nations across north Africa and Asia, and with such a readily available and abundant source, it’s solar power that’s attracting the big money.
In China (a major renewable power investment hub) a series of solar power projects have been declared to meet the demand from the Middle East and North Africa (MENA), but also to fulfil its own requirements. Notably, Shandong province is currently implementing its ‘One Million Rooftops Sunshine Plan’, with the stated goal of stimulating the integration of solar panels into building construction.
Now emerging markets across the (MENA), Eastern Europe, Latin America and Southeast Asia are aiming to grow their renewable energy production with an increased presence in the solar sector… Read more