As the
economic sector across the world is expanding rapidly and Industrial
development is at a high pace, Power Sector has a great scope to mark its
growth all over the world. Energy generation & distribution has a huge
demand. With each physical infrastructure comes the need for electricity and in
an era of economic developments, the demand for power supply is ever increasing
globally. Ghana with its rich climatic conditions is one of the countries with
a potential to become Global Power Supplier.
The global analysis has concluded that
renewable energy will be the leading Power market in coming years. Thus, Green
Energy is about to become the strength of Power Sector soon. This is a hint to
the global organizations to invest their businesses in energy generation
through natural resources. It is said that in the next five years, total power
generation through renewable sources will be 700 gigawatts(GW). That means it
will add up almost two third to the total Global Power Capacity.
Developing countries show a higher level of
economic growth & thus, the Power demand shows a higher graph there. That
is why there is an obvious scope to expand a Power business in these countries.
Amongst few of the top ranking countries in Power demand are India, China &
South Africa. The developing countries with flexible investment policies have
created golden opportunities for themselves as well as the investors across the
globe. The World is coming closer, boundaries are vanishing & thus, Power
Sector is slowly drawing a line of tremendous growth.
As per World
Energy Outlook 2015’s report, a maximum amount of dollar invested in new power
plants to 2040 is spent on renewable energy technology. The Power generation
companies are focusing more on decarbonisation and concentrating on the usage
of natural resources and new environment-friendly technologies. Wind energy has
the leading share in the energy generation in 2015.
The overall
picture of the Power Sector globally is inspiring enough for the international
investors to sketch out future plans with essential collaborations in the
global market. The regions with healthy, socio-economic and climatic conditions
could bring up excellent opportunities that are yet unexplored. Also, investing
new technologies in developing the physical infrastructure could lead to giving
good amount of energy generation & distribution. All these tactics would in
turn help to boost your business, strengthen bonds & profits too.
Ghana is known
as the next power destination. With advanced technologies & investments, it
can generate a huge amount of energy through renewable resources. PowerElec
would be an apt platform for exhibitors and visitors to explore the growing
opportunities in the Energy Sector.
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