WorldWater and Power Corp. (WWAT) Looks to the Sun to Bolster Growth
The sun represents the ultimate in renewable energy; it’s free and perpetually shining. Solar electric energy demand has continuously grown by 20 -25% for the last 20 years. While demand has increased the costs have been decreasing due to several factors such as technology improvements and increased efficiency. Rising oil prices, global environmental concerns regarding the global warming and the industrial development of Asia and CIS countries have helped propel the solar industry forward. In 2006 there were 1.744 megawatts produced by photovoltaic installations which is a 19% growth when compared to 2005. The future looks bright for the industry;…