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SUSTAINABLE ENERGY projects
may have lost some of their power in
the recession, but they’re seeing a surge
in developing economies.
“Emerging markets are recovering
from the economic crisis faster than
the developed world, and these markets
have an increasing demand for power,”
says Tim Stephure, senior analyst at
IHS Emerging Energy Research, an
industry research organization in Cam-
bridge, Massachusetts, USA. “It’s driv-
ing growth across the renewable-energy
spectrum and creating many opportu-
nities for project developers.”
From the world’s largest wind farm
in Morocco to a massive solar park in
India, sustainable energy projects are
thriving in emerging markets.
The quest for renewables is often
driven by sheer necessity. For countries
with few fossil fuel resources, harnessing
sunlight, wind, rain, tides and geothermal heat is simply a much cheaper
option than importing coal, gas and oil.
“Electricity costs in emerging markets tend to be quite high, which means
the development of renewable energy
can in many cases compete with conventional electricity sources in developing markets,” Mr. Stephure says.
The lack of an established power
infrastructure also means emerging
markets tend to be more open to
renewables for distributed generation,
says Steve Minnihan, analyst at Lux
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