Middle East will set the pace for renewable energy growth
If you're looking to Europe and the US to set the pace for the growth in renewable energy solar generation you're looking in the wrong place. Try the Middle East instead. Chris Nelder explains why
Don't look to Europe and the US for guidance on the growth of renewable energy - those are yesterday's markets. Tomorrow's markets are in parts of the world that still lack access to reliable electricity, like India and Africa; rapidly growing economies like China and Latin America; and the economies of the Middle East that depend heavily on oil and gas export revenue. India is struggling to keep up its domestic production of coal and paying a hefty import bill ($18 billion last year) for the rest of its coal supply, so it's now turning to solar as a cheaper and cleaner alternative, according to Associated Press. Three years ago, the nation had almost no solar capacity. Now it has 2.2 gigawa
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