QualityStocks News - Pan Global Corp. (PGLO) Seeks to Develop Solar Ecommerce Marketplace

QualityStocks would like to highlight Pan Global Corp. (OTCQB: PGLO), focused on building the world’s green economy by developing, building, owning, and operating the necessary infrastructure. Current opportunities are currently concentrated on developing projects in India, specifically in the areas of hydro-power generation, solar PV, geo-thermal, sustainable agriculture, and green construction.

In the company’s news,

Pan Global Corp. constantly investigates opportunities where it can develop electric power generation projects from renewable energy sources, such as solar, mini-hydro, geothermal and wind power.

These days, Pan Global’s main focus is on potential projects in India. At this time, many commercial and industrial energy consumers face high electricity prices which often surpass the price of electricity generated from solar photovaltic (PV) power.

Pan Global is in discussions with companies and subsidiaries of well-known international companies operating in India about undertaking the development of solar power generation projects on customer sites or undertaking the supply of power directly to these private customers. The ability to initiate these discussions is directly related to solar PV having achieved “grid parity,” wherein unsubsidized solar PV costs are less than grid electricity prices.

In addition, Pan Global recently announced that it will develop an ecommerce marketplace site for solar installation and services in India. The Pan Solar Marketplace is intended to bring buyers and sellers of solar equipment and services together in one place. Initially, the focus will be on rooftop solar paneling systems and, eventually, the company will consider extending and providing large, ground-based solar installations and other services.

Years ago, Pan Global’s managers recognized the promise in the green energy market in India and, now, they believe they have identified several opportunities for the company to enter the solar market. Backing this decision are industry reports that estimate that India’s solar market could be worth billions of dollars over the next decade. Add to that the perception that India’s new government is highly supportive of accelerating the country’s renewable growth plans and Pan Global’s managers have added confidence in their future initiatives.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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