Will India be a bigger concentrated solar thermal power than China?
As the founder of CSP Today and organizer of the 1st CSP Today India conference in New Delhi, Belén Gallego is often asked about the future of the CSP industry in India. She has written a piece about the opportunities in the Indian market published recently in CSP Today. Having lived in India for 2 years, it is difficult for me to be impartial when assessing the opportunities in the CSP industry. I believe very firmly in the great capacity of Indians to learn fast and reduce costs –they are specialists in making things cheaper maintaining quality standards. Much as I try, I can´t think of anything that the CSP industry is more in need of. While last year there was very little talk of India becoming one of the biggest markets for CSP, today the question on everybody’s lips is: Will India be a bigger CSP power than China? From an economic and development perspective, India’s economy is performing very well, averaging 8.5% growth this year. Its growth rate could overtake China’s by 2013 - if not before - according to a recent article by The Economist. While China’s growth has been largely state-directed, India’s is driven by 45m entrepreneurs. Private firms have had to compete with the world´s best - and many have discovered that they can. Read full article here.
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