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WFES 2011: Renewable energy opportunities in developing world

There is a positive investment outlook for renewable energy in fast developing countries such as India, China, Brazil and the MENA region, according to discussions at the World Future Energy Summit 2011.

By Renewable Energy Focus staff

Rene Umlauft, CEO Renewable Energy, Siemens, Germany, highlighted the advantages that developing countries hold for the development of modern smart grid technologies, enabling them to ‘leapfrog’ the problems that developed countries have because they have no existing infrastructure to replace.

The panel also suggested that the focus of near term global investment in renewable energy will take place in less developed economies, citing the opportunities that wind energy possesses in these regions.

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