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Article: Renewable Energy Equipment Market Set for Spectacular Growth in SA.
- Article from:
- PR Newswire
- Article date:
- March 9, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CAPE TOWN, South Africa, March 9 /PRNewswire/ -- Although the South African renewable energy equipment market is still small, it is poised for spectacular growth. Increased demand for electricity in general and renewable energy technologies in particular will drive this growth.
Frost & Sullivan (http://www.energy.frost.com/) finds that the South African Renewable Energy Equipment Markets earned revenues of $58.0 million in 2005 and estimates this to reach $220.0 million in 2012.
"The lack of investment into renewable energy equipment in the past, coupled with the current base load shortages in South Africa, is driving the market for renewable energy ...