Changes in policies, prices, subsidies and targets are causing the global market for solar panels to shift from Europe to Asia–particularly China and India.
The Export-Import Bank does two more deals in India, boosting work prospects for First Solar, SolarWorld California and American Capital Energy.
A mission to bring more solar power to India looks to be doing quite well, with an eventual goal of 20,000 megawatts of solar generation by 2022 seeming feasible.
GE will invest $50 million in a joint venture with Greenko that will develop 1 gigawatt of wind power across four states in India.
First Solar and BELECTRIC have commissioned a utility-scale photovoltaic power plant in India, the first grid-tied system in the country using thin-film panels.
In India, knowledge of renewable energy is low, says a survey by the Mercom Capital Group, and even fewer residents are aware of energy efficiency.
Students in the country of India will soon have access to solar powered tablet computers that are designed for education in areas without electricity.
Germany has been the dominant market for solar installations over the last few years, but that demand is forecast to move to Asia and North America.
The latest Global Status Report reveals that renewable energy capacity continues to grow worldwide, especially in developing countries.
Solarbuzz sees the Asia Pacific region claiming more than a quarter of PV demand by 2015, with China and Japan leading the way and India coming on strong.