Industry News

November 25, 2008

GE Bets on India Rail, Power Shortage to Meet $8 Billion Target

By Subramaniam Sharma and Abhay Singh, Bloomberg.com

To read the article, please click on the following link:

click here

Zoltek's Take: The wind energy market, like many others, is truly global. There are no boundaries or limits on wind energy's ability to improve power-generation around the world.

India is a great example. As noted in this article, India's demand for power could triple to as much as 335,000 megawatts by 2017, assuming average economic growth of 8% over the next decade. This huge growth potential is what's driving GE to target India's power generation market. More specifically, GE is betting that India will add more renewable sources of energy.

Back in 2004, Indian states mandated that utilities buy as much as 10% of their power from renewable sources. This type of government commitment has GE looking to build plants in India that would produce wind turbines that generate a minimum of 1.5 megawatts.

The more global the wind market gets to be, and the larger the minimum turbine size gets to be, the larger the opportunity is for Zoltek.

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