With world population steadily growing over the years with increasing industrialisation and urbanisation rates, the energy demand is increasing at accelerated rates. There are several challenges facing energy resources and environmental development globally – on top of them the depletion and volatility of fossil fuels, greenhouse gas emissions and climate change, and great concerns against nuclear power. The world has reached a stage where climate change consequences and escalating environmental problems are imposing limits on its socio-economic development based on conventional fossil fuel resources. In the present context, as energy supplies are becoming more and more limited, then the conclusion seems clear: “present energy resources will not be able to meet tomorrow’s demand”.
To alleviate the consequences of the current and impending crisis, three major kinds of resources have to be considered: increasing energy efficiency and rational use of available resources, increasing renewable energy share in the energy mix at an accelerated pace, and intensification of waste energy recovery through waste to energy concepts.
It is for certain that the "business as usual" model to keep the current trend of conventional energy scenarios based on fossil fuels is clearly not sustainable. Given the reality of accelerated global warming, fragile nature of oil dominated energy supply and enormous future demand, shifting paradigm towards renewable energy resources becomes a life and death struggle of contemporary civilization.
Utilisation of renewable energy to meet the energy deficit for future can make a large contribution towards sustainable economic development while reducing greenhouse gas emissions. However, the limited financial resources and exhaustible energy resources will no doubt influence decision makers in their choice of investment frameworks in energy infrastructure projects particularly in renewable energy and energy efficiency technologies.
In this context, the CPI Group future vision is based on introducing new generation of technologies towards cost competitive and sustainable supply of renewable energy. CPI Group has paid utmost attention to start building capabilities to contribute to the global context for accelerated deployment of renewable energy systems in different parts of the world.