Pan Global’s business model is primed for serious growth under the new Modi administration’s policy platform in India, especially with bold directives from Modi like bringing clean, solar-powered electrical light to over one quarter of the 1.25B and up population currently still living without it. Heavily focused on precisely such infrastructural solar (and other renewables) development as is required to satisfy the Modi administration’s targets, Pan Global even announced the start recently of development on a Pan Solar Marketplace to support the new government’s renewable goals. The Pan Solar Marketplace website will be a sweeping solar installation and services ecommerce platform that will initially emphasize the high-value rooftop solar panel market.
The Modi government’s guidance on renewables and the emphasis placed specifically on solar are extremely bullish indicators for Pan Global’s future prospects and the organization of an online Pan Solar Marketplace gives the company some nice first-mover advantage for coordinating the accelerated activity in the sector. Bringing retail supply and services to the buyers via such a website is a well-timed move by the company, which announced just last month that their soon to be 100%-acquired, 5.7MW small-hydro Project Badyar plant in northern India is one stage away from grid connectivity and the commencement of commercial operations. According to renowned operational/strategic global management consulting firm A.T. Kearney’s comprehensive report on the Indian solar market from late last year, the potential exists for a capital-equipment market in India of as much as $7B or more and another $4B or so in grid-connected generation besides within just the next decade alone.
Diminishingly supplies of coal are becoming more and more difficult to lay hands on, domestically available gas sources look similarly dead-end and there is a massive trend now in India that spans all stakeholder segments, with everyone pushing for solutions to the failure of conventional energy sources to keep up with staggering demand. With the Jawaharlal Nehru National Solar Mission established under former PM Singh spearheading the now renewed emphasis on solar infrastructure in India, the massive potential forecast by A.T. Kearney for local and well-localized players to dominate project development, installation, and distribution, is obvious.
World Bank data estimates persistent blackouts that plague the country’s infrastructure reduce GDP by around 1.5% per annum. With the major 2012 blackout that sent 700M people into darkness for days still fresh in everyone’s mind, power prices remaining high across the board and much of rural generation still provided by diesel generators, the market is sizzling hot this summer for the kind of localized solar and micro-hydro PGLO is developing. Modi’s tenure as the Chief Minister of Gujarat, where he led the charge on a 900MW solar project, says a great deal about the future of the solar market in India under his prime-ministership.
Pan Global is not content to rest on its laurels in renewable energy infrastructure though and is seeing increased traction with their baseline renewable infrastructure developments as well. The company announced just last week that they kicked off the design phase for their very first hydroponic greenhouse facility in India. The facility will be located up in Punjab and will be designed to sustainably farm a variety of peppers, cucumbers, tomatoes and a few commercial flower crops, with limited or no use of chemical fertilizers and as much as a 90% reduction in water usage. Developed by Dr. Amanjit Singh Josan, a veteran horticulturalist with over 20 years in the field and extensive experience in greenhouse tech, the planned facility dovetails exceptionally well with the company’s growing green energy capabilities and represents a strong entry into produce supply.
For more information on Pan Global, visit www.panglobalcorp.com
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