India is one of the largest markets in the world for innovative energy. It has the fifth largest generation capacity in the world with an installed capacity of 152 GW as of 2009, which is about 4 percent of global power generation. In the solar area for example, with more than 300 days of sunshine annually and a large customer base, India offers a great potential for off-grid PV deployments such as rural lighting and electrification, powering irrigation pump sets, back-up power generation for cellular towers, captive power generation, urban applications and highway lighting. McKinsey estimates that India will require $1.2 Trillion investments in infrastructure to handle its trend toward urbanization
The World Trade Center of Greater Philadelphia and Temple University CIBER Fox School of Business are sponsoring a webinar series as part of their India Exchange Network for companies doing business in India or considering that market. The next session will focus on “Energy & Water: Innovation and Opportunity in India” and will be held on August 5, 2010 at Temple University. Pepper partner Valerie Demont will speak on “Practical Aspects of Doing Business in India.” More information about the program can be found by clicking here.
Pepper Hamilton was recently designated by the India Business Law Journal as one of the key international law firms for cross-border transactions involving India. Click here or here for more information.