February 2012

February 7, 2012

Guess Why Honda is using Thin Film Solar Panels to power Dealerships and Auto Plants

It is not widely known that ,Honda is a manufacturers of CIGs thin film solar panels alongwith the likes of TMSC, Solar Frontier and others. Honda has been in the solar panel manufacturing business of the last 3-4 years though its capacity remains small and its panels not very efficient. Like many conglomerates , Honda too entered the solar industry during the boom times and now would be finding the going hard . Note a number of Japanese solar companies have existed the business like Sumco and others. However Honda which remains a very marginal player in the global solar business is not going away . Instead it is using its solar panels to power its own dealerships and auto plants.
February 7, 2012

Chinese Kangaroo Courts to be Tested in American Superconductor Wind IP Theft by Sinovel

Chinese Legal System is mostly a joke with the communist party running the world's most populated country with an iron hand. The courts are mostly for show as dissidence against the Party is not tolerated and human rights are non-existent.Also most of the major companies are run under crony capital rules rather than free markets. Most of the rulings are done which favor the ruling party mandarins with little respect to whatever Communist Party laws are. IP Theft has been a big problem for overseas companies operating in China with Google existing the country sometime ago after it was hacked. With the world's largest Internet companies having to run because of IP theft, smaller companies have no chance.Sinovel is the biggest wind company in the world right now because of Chinese government support and policies. It commands huge influence in the corridors of power as it is unlikely to have become this big without major government and bank support.
February 6, 2012

China Smartly Lower Solar Subsidy by 30% to Rmb 7 per Watt in 2012 to Lower Burden

China which is home to the biggest solar industry in the world and most of the top solar panel manufacturers has decided to lower subsidy in 2012. Note China did not pass a Feed in Tariff Law for a long time as prices of solar energy remained high. But after a massive crash in solar prices and energy in 2011 it passed a FIT law in late 2011 to take advantage. This resulted in a big jump resulting in China becoming one of the top 5 markets in 2011 . Now China is set to become one of the top 3 markets in 2012 if not the biggest . This is due to the fact that other European solar panel markets are rapidly reducing subsidies and China needs to support its solar companies many of which are effectively insolvent like LDK.
February 5, 2012

Sumco – Latest Japanese Company retreating from Oversupplied Solar Industry (Exits PV Wafers Completely)

Japanese Companies which were the leading solar companies in 2006 have steadily lost the top global rankings to Chinese companies. Now many of the top Japanese Solar Energy Companies are retreating from markets and manufacturing. Sharp which was the largest solar company in 2009 and 2010 has radically restructured its strategy but is still losing marketshare. Panasonic the second biggest solar company has closed down its Japanese factory. Other Japanese solar companies like Mitsubishi, Kyocera are also being forced to rethink solar panel manufacturing. Note most of the higher cost producers in the solar industry are effectively bankrupt and are only being supported by government or big parents. Many Western companies have already closed or are on the verge of closing. Some of the bankrupt companies are not finding buyers of their equipment even at 10c/dollar. Massive overcapacity remains in the solar industry particularly in China which is not being taken out fast enough which will probably lead to another bad year for solar stocks in 2012.
February 4, 2012

Another Foreign Asset Manager exiting Competitive Indian Mutual Fund Industry

The Indian Mutual Fund and Asset Management Companies are facing tough times and foreign asset managers are exiting in droves. Fidelity has put up its $2 billion of funds on the auction block trying to find a buyer as it exists India. This is only after a couple of months when Blackstone another of the trillion dollar asset managers existed the Indian business. In 2008 during the boom times, every Tom Dick and Harry of the asset management business wanted to get a piece of the Indian pie. The local brokerages were commanding super high valuations while growth and profits seemed endless.
February 4, 2012

Solar Tiles in Australia – Suppliers/ Distributors Wanted

We would like to incorporate BIPV solar tiles or roofing when we build - so we are trying to find out a this point what products are now available in Australia and what our choices would be and the range of prices each would be in ...just to give us a starting point as we begin to pull all the ideas together ? We'd really appreciate any information you can send our way that would help us achieving this - the brand/type of BIVP we can use, the best inverter and battery you'd recommend - obviously it will depend on where we are and how much sun our roof will get - but we plan to make it as much as is possible as we'd like to be able create 100% of our power needs or if not at least 80 % . At present as a guide my household uses approx 10.7 khw of power a day - so that will give you an idea of how many solar tiles we'd need perhaps ...if the sun was at its optimum ? We hope to be building on a reasonably sunny block between Ferntree Gully and Belgrave on the high side near bushland ...beginning in a couple of months or so
February 3, 2012

China India Trade Deficit rises to Sinister Heights of $27 Billion Officially and Much more Unofficially

China India Trade has been rising at very high growth rates over the last few years driven by the booming GDP growth in the fastest growing economies of the world. However India like other countries faces the mounting problem of a huge trade deficit with China which is growing all the time. Like Brazil ,USA this has become a major problem . Beside the official reported figures , there is a large clandestine trade takes place outside the normal channels. Massive imports from China go unreported to avoid excise duties and custom taxes. Both countries have corrupt officials and businessmen which facilitate trade without paying of taxes and duties. Unofficial Trade Deficit with China may be double the $27 billion reported in 2011.
February 2, 2012

Apple Supernormal Profits Reflects Super Exploitation of Global Oversupply of Labor

Apple recently reported astounding financial results in which profits grew by an awe inspiring 50% on a huge basis with Net Profits Margin of 30% which is crazy for a company of Apple's size. It generates massive cash flows and has over $100 billion in its cash war chest. While there are a number of reasons which makes Apple one of the most successful and profitable companies in world history, the global oversupply of labor is one of the chief reasons which is overlooked at .
February 1, 2012

Easiest Way to Become Super Rich in India – Become a Politician Crony (Ponty Chadha stashes $20 million cash in Mall Basement)

India is a country with one of the biggest population of poor people living hand to mouth. But becoming super rich in this country is not rocket science. All you have to do is become a political crony and start counting your millions if not billions. Corruption in India is quite rampant and blatant which has been proved time and again with scam a day. Politicians and Businessmen have been jailed but they have managed to get out on bail using their millionaire lawyers to fake illness and other shenanigans. Some politicians are now involved in both professions with some rumored to be billionaires owning companies through surreptitious means and parking their money in Swiss banks. Business Groups in India see their shares rising and going down depending on which political party wins proving the nexus between politicians and businessmen. There has been no reforms to separate these two and now powerful politico-business dynasties have started ruling large parts of India.
February 1, 2012

Another Brutal Year for Solar and Wind Stocks in Offing Despite Growing Demand

Solar and Wind Stocks have been massacred in 2011 mainly due to the following reasons 1) Chinese oversupply which is outcome of its massive industrial overcapacity and investment. This has decimated wind and solar companies in the West while also leading to margins and profits collapsing 2) Commoditazation of Technology and Erosion of Entry Barriers 3) Massive and Irrational Subsidies by Asian countries to support Green Industry
February 1, 2012

Bad Journalism on German Solar Subsidies Analysis – Why Media persistently gets it wrong

I continue to be surprised by the bad and shallow analysis of renewable energy subsidies done by media. Most of it is due to bad research and lack of investigative and unbiased journalism. Writers with little or no background in energy or cleantech sensationalize an issue taking a report from some biased thinktank. Here is one example from a website called ironically Reason.com which you can read here http://reason.com/blog/2012/01/31/black-hole-sun-germany-spends-100-billio
February 1, 2012

Global Warming of 2 Degrees to Halve India's Wheat Production to 40 Million Tons

In these days of economic crises it has become unsexy to talk about Global Warming and Climate Change which pose a much greater threat to mankind. The Western countries have turned apathetic towards climate change with most like Canada, USA and UK showing shocking attitude towards Global Warming . The reason is that rich countries can throw resources at ameliorating the affects of climate change . The poor countries have little in terms of resources to either slowdown climate change or change the attitude of the richer countries. South Asia and Africa two of the poorest regions in the world will face the worst of the global warming affects. A new study has indicated that India's wheat yield could be halved to 40 million tons a year from the current 80 million tons due to rising temperature. The reason is that wheat yields will come down as temperature goes up by 2 degrees centigrade or more.