As Germany moves over to allow another country to claim its number one solar energy position, investors are looking closely for the next big thing. And on their list: India. According to a report from Lux Research, India has a great deal of potential as a result of government subsidies, a need for distributed generation, and rising energy demands. "India comes away as by far the most attractive market for long term growth out of these that we looked at," said Jason Eckstein, a Lux Research analyst and the report’s lead author.
The report analyzed the growth potential of 15 emerging solar markets, but the UK and South Africa are also expected to become strong markets based on government subsidies. Russia, Brazil, and Mexico were identified in the report as potentially large solar markets even though they do not have solar incentives.
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