The Bloomberg Cleantech numbers for 2012 are in and the story is one we're by now familiar with -- small solar is a big deal. Despite a slight dip in overall clean tech investment, solar continues to dominate and the big area of growth was, you guessed it, distributed generation. That's because we've entered a new era of cheap PV where installations are up, total investment volumes down (as solar continues its inexorable price decline) and trade wars are expanding as countries fight for market share in tomorrow's technology. The problem is that India, with perhaps the largest potential of all emerging markets, hasn't even begun to adapt to this new normal. (click images to enlarge)
The most important reason to adapt is the speed with which it produces results. That's because small scale, localized deployment is agile and capable of growing rapidly. An attribute that large-scale centralized solar farms lack -- especially in India.