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In 2007, the country had 96.5% overseas energy dependence. Recognizing its high dependency on external sources, South Korea has been trying to diversify its energy supply.
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It is expected that the demand shall continue to grow substantially during the forecast period (2009-2012). The total number of solar lanterns in India is projected to grow at a CAGR of about 40%.
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LNG demand in Japan, the largest LNG importer, is projected to grow at a CAGR of around 0.6% during 2010- 2030.
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Due to deregulation, the US nuclear industry is projected to continue to witness ownership consolidation, presenting opportunities for investors trying to attain synergy.
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In FY 2008, total nuclear power installation capacity reached just over 4 GWe. Once India starts getting international cooperation its capacity and plant construction will take off in a big way.
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Wind power industry will be the major focus area in India during its 11th Five Year Plan. By the end of 2009, wind power installation in Turkey is anticipated to reach slightly less than 1 GW.
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Increased ethanol use is expected to supersede the production during the forecasted period. Ethanol production of India is likely to attain a CAGR of slightly over 2% during the period 2008-2017.
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Unbalanced growth remains the cause of concern for the Indian power sector. Only about 56% of households have access to electricity, with the rural access being 44% and urban access about 82%.
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In 2006, total new units jumped to well over 7,000 with the cumulative total over 20,000. In terms of development by application, all sectors experienced gains.
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| The value of world biofuel market is expected to grow at a CAGR of 12 % (2007-2017).Global ethanol market (production) is expected to reach around 27,000 Million Gallon by the end of 2014.
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