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The Chinese IT spending is anticipated to reach US$ 216.7 Billion in 2010, representing significant growth opportunities for technology and service providers. According to Gartner, IT spending by enterprises and consumers in China is projected to reach the figure of US$ 216.7 Billion in 2010, exhibiting good opportunities for technology and service providers. This represents an increase of 5.9% from US$ 205 Billion in 2009, as reported by   ... Read more
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Australia Too Focusing on Geothermal Industry
30 Apr, 2009
Realizing the tremendous potential of geothermal energy in Australia, government has announced an investment of A$14 Million in an attempt to develop its nascent geothermal power sector. The government of Australia noted that it has granted A$14 Million (US$9.8 Million) for two geothermal power ...Read more

Brazilian Oil Industry Remains Profitable Despite Slowdown
20 Apr, 2009
Brazil\'s oil industry will remain profitable even at current price levels, as enough oil production is ensured by the discovery of large oil deposits in Santos basin. According to the Energy and Mines Minister of Brazil, Edison Lobao, the current and future oil production in Brazil is sufficient ...Read more

Global Photovoltaic Grew 5.5 GW in 2008
11 Apr, 2009
Photovoltaic market across the world grew to approx. 5.5 GW in 2008 as a result of higher demand and government investments in the sector. The European Photovoltaic Industry Association (EPIA) has revealed that the global solar photovoltaic (PV) market surged to nearly 5.5 GW in 2008 against 2.4 ...Read more

Renewable Energy can Meet 35% of India’s Energy Demand
09 Apr, 2009
Renewable energy sector is capable of meeting 35% of the energy demand in India, provided all renewable energy technologies are integrated in the mainstream. According to a report released by Greenpeace on March 24, 2009 in New Delhi, renewable energy can successfully meet over 35% of power demand ...Read more

Global Wind Power Capacity Anticipates to Triple by 2013
02 Apr, 2009
Wind energy sector around the world is predicted to grow in future due to expansion in the Chinese, North American and European wind sectors. According to the 2009 industry forecast by the Global Wind Energy Council (GWEC), after observing a decade of stupendous growth, the world wind energy ...Read more

US Solar Energy Industry Recorded 17% Growth in 2008
27 Mar, 2009
Propelled by the positive public policy of the states, American solar power industry surged in 2008 though demand for some solar installations cooled down. The preliminary report released by the Solar Energy Industries Association on March 19, 2009 noted that there was 17% increase in the US solar ...Read more

Investments to Boost Growth in European Wind Power Sector
23 Mar, 2009
Banks reluctance to finance new projects will not impede the recovery of European wind power sector from recession as investments are pouring from other sources like infrastructure funds and power companies. The European Wind Energy Association (EWEA) said at the opening ceremony of its annual ...Read more

Stimulus Package to Boost US Renewable Energy Sector
07 Mar, 2009
With the signing of the stimulus package, American renewable energy sector has taken a sigh of relief and is anticipated to get back on track soon. The American renewable energy sector started lifting after the President Barack Obama signed the economic stimulus package on February 17, 2009 that ...Read more

Germany targets 47% Renewable Energy Production by 2020
26 Feb, 2009
Germany’s renewable energy sector is aiming to produce 47% of the total energy production by 2020, largely aided by the state subsidies and abundant wind power plants. According to the BEE (German Renewable Energy Federation) industry association, renewable energy sector of Germany has ...Read more

Indian Oil Products Sales Cooled Off during Recession Times
29 Jan, 2009
In November 2008, the Indian oil products sales dropped on account of the global economic slowdown and low demand from both private and state-run companies. As per the official figures, the sales of domestic oil products in India grew sluggishly at 2% in November 2008 against the same month a year ...Read more

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