Fast improving standards of living and extended working hours across the developing world have resulted in increased demand of energy. The fast depleting hydrocarbon and other conventional energy sources are taxing the users due to skyrocketing prices.
The fast growing economies like India and China are going to need substantial capacity expansion in power generation. The rural populace still cries for quality power supply. Almost 25% of the countries in the world face power crises. This offers a bright opportunity for the solar/ other renewable energy sources to bridge the gap.