Angus Reed, Prudentia and Solar Power in Dubai
Coal, oil, and natural gas are big sources of energy that are used globally by the biggest economies. These fossil fuels are non-renewable and at some point will run into a supply and demand crossroads. That is why companies like Prudentia and one of their principles Angus Reed were looking at the inclusion of solar power early to help harness the power of the sun. Investing in the technologies that can help transfer the power of the sun into energy saving solutions was there main focus. Other types of renewable energy that have been looked at are:
The big areas of current investment is in Wind and Solar energy simply because they are more readily available and the technology to harness this type of energy has reached a scale of mass production. If you look at the infographic below you can see that 100 square miles of solar panels has the capacity to fuel the entire United States. Businessman like Angus Reed was involved in the early investment in solar power and has since moved into real estate development across the globe including Australia, Dubai ,and other countries. In some of the housing plans that have been funded by his company there are green homes that have won several awards and created a demand for sustainable living. As more investors put money into refining and defining the technology that will eventually be in more homes the overall demand for oil and coal will decline and help the overall environment.
More and more companies are leveraging laws and tax breaks to companies that are going green. There are companies that have gone almost entirely green by reusing resources and investing in renewable solutions for their manufacturing processes. This will only lead to more companies investing and upgrading their current practices to include green resources. It will take courageous and visionary businessman like Angus Reed to use their connections and look to invest in these current and emerging technologies.
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