Power generation is going through an evolution, with energy generation shifting from convectional coal based production to renewable sources. Energy generated by renewable sources such as solar, wind, thermal and hydro power is expected to increase by over 40% in the short term. Enhancements in renewable technologies with huge investments by governments are drastically reducing dependence on renewable energy. The cost of production of wind and solar energy has been considerably brought down due to technological innovations thereby competing with grid electricity.
Alternative energy providers face many of the same risks as their counterparts within the energy sector. Institutional and infrastructural challenges and risk, managing large-scale alternative energy facilities is complex. As a result of these issues, tax incentives remain a particularly important issue for alternative energy providers.
Prismane assists its clients in feasibility and market studies for entry into the renewable energy industry. We have the capabilities and provide our consulting services to not only develop individual concepts for small companies and market leaders, but also support them in the implementation phase.