Government
July 6, 2011
Solar Power in Australia has grown massively in 2010 and 2011 driven by state feed in tariffs also known as the solar bonus scheme or solar credits.This has resulted in the capacity limits being reached and most of the state solar subsidy schemes have been withdrawn (see the current state feed-in-tariff schemes below).However the Australian federal government is still offering the Renewable Energy Credit Scheme under which solar power generated is eligible to get solar credits which can be solar in the open market for cash.This will still drive the use of solar energy as the falling prices of chinese solar panels has made solar energy near electricity price parity in a number of places.Australia which gets a lot of sunshine is ideal for solar energy which promotes climate change mitigation as well besides reducing pollution.Australia has the highest average solar radiation of any continent in the world, which means solar industry has the greatest potential.
July 6, 2011
Solar Inverter Efficiency is increasing every year with increasing scale of operations,greater competition and rising R&D dollars being poured into solar inverter development.PV inverter Efficiency is vital to decrease the costs of solar power which is currently more than that of fossil fuels.While the cost of solar panels has come down drastically by almost 75% in the last 3 years,solar inverter costs have gone down by only 10% every year at most.The reason is that competition is lower in the PV inverter market because of the higher entry barriers of technology.While Western solar inverter manufacturers routinely get above 95% efficiency,the Asian low cost players have not been able to cross the technology hurdle of high efficiency.Note the Power Electronics in a solar system can make a huge difference to the power yields with even a 1% change resulting in thousands of dollars in difference in large scale solar farms.This is the reason that high efficiency solar inverters from the West command a big price premium over the less reliable lower quality PV inverters.You should be careful of any lesser known inverter brand they are offered as part of a home solar power system before installing them. While some of these inverters may have certification this does not mean they can perform as well as the good brands.Skimping of a few dollars here and there may make you penny wise and pound foolish.
July 6, 2011
Solar Panels are sold by hundreds of companies around the world ranging from small to very large and comes in various shapes and sizes as well.Besides this solar panels are also made of very different materials for example silicon solar panels and thin film solar panels.So comparing solar panels and choosing a solar panel is a very difficult process if you want the best solar panel according to your need.The most efficiency solar panels are needed in cases where the land area or rooftop area is at a premium.Note a typical 200-250 watt solar panel requires an area of 60x38 inches which means an area of around 2000 square inches.1 megawatt of solar panels would require an area of between 5-10 acres of land depending on the efficiency of the solar panels.However this can be reduced by using solar trackers which can increase the output of solar panels though they to increase the area requirement slightly.Also the area also depends on the location of the place since a place recieving high sunlight for example California would require lesser area for generating the same amount of electricity compared to London (upto 30% fewer solar panels).Note solar panels with higher efficiency have a higher price tag associated with them since they require higher cost to manufacture.The most efficiency solar panels which are used in spacecraft and have a efficiency of around 35-40% may cost upto 100 times more than the normal silicon solar panel.
July 6, 2011
Solar Panel Manufacturers in USA are facing a torrid time from the falling prices of Chinese solar panels.This has caused the bankruptcies of some big solar panel companies in recent times like Solyndra,Spectrawatt and Evergreen Solar.Only those solar panel companies with the lowest cost and good quality will manage to survive the price war in solar panels that is currently on.Most companies are running losses as the prices of solar panels have decreased by 40% in 6 months.This would cause any industry to see massive bankruptcies and this is the case with the solar panel industry as well.Note Solar Industry is a new one with rapid technology and cost changes which makes startups with bad business models go bust.This is a natural effect of capitalism and nothing to be afraid of .However you have to be careful of which solar panel manufacturer to buy from as your 25 year solar panel warranty will become useless if the solar panel manufacturer from which you brought the solar panel goes out of business.On the Bright Side the sharply declining costs of solar has made it the biggest advantage of using solar power.
July 6, 2011
Types of Solar Panels Explained (Amorphous,Polycrystalline,Monocrystalline with Efficiency) for Home
Types of Solar Panels have increased manifold with the surging global solar demand fueled by falling prices of solar panels/modules.Note Solar Panels prices would have fallen by around 75% in 3 years which is a record for any energy let alone solar energy.This has made Solar Electricity on par with Electricity prices in a number of places globally.The number of manufacturers of solar panels too has increased drastically particuarly in China and Asia.The range of technologies being used to made solar panels has also increased in tandem.However polyscrystalline silicon solar panels continues to be the king of solar panels accounting for a lion's share of solar panels produced globally (around 75% according to my estimates).Each Solar Panel Technology differs from others in terms of efficiency and price.They also differ in their electricity production capabilities depending on temperature.They also differ in weight and flexibility.The Sizes of Solar Panels are also quite different and different powered solar panels are required for different applications.For a small power need like charging a mobile phone only a 5-20 watt solar panel would do while for powering a solar house you would need a number of 200-300 watt solar panels.
July 6, 2011
The ET Solar Group was founded in 2007.The company is relatively small compared to the biggest solar panel producers like Yingli,Suntech as its capacity is one/fifth the size of these big panel producers.It is more comparable to small Chinese solar companies like CEEG Solar,Eging and Sunlink..ET Solar is a quasi vertically integrated solar equipment manufacturer with presence in Europe, North America and Australia. ET Solar iis not fully integrated like LDK,Yinglie which makes polysilicon as well.However it does make silicon ingot, wafer, cell, module and a variety of BoS component products. ET Solar offers high-quality modules, inverter, tracker, BIPV, PV Kit and other solar products in more than 50 countries and regions in the whole world. Worldwide more than 500MW projects are already finished.The company is not publicly listed but is funded from Private Equity Sources.In these tough conditions it is questionable whether ET Solar can survive as it is not a Tier 1 producer.ET Solar has a good presence in the UK and Australian Markets.However Australian Solar Power Industry has seen a number of solar panel producers entering the industry and there are good alternatives available from Trina and Suntech
July 6, 2011
Solar Panels are now available from hundreds of different manufacturers using different technologies like crystalline Silicion,CIGs and Cd-Te.The Solar Panels Efficiency also varies a lot depending on the solar panel manufacturer and the technology used.The cost of the solar panel can also vary a lot depending on the retailer,size of the solar panel,technology and the brand.This makes buying solar panels a confusing problem though most residential and commercial buyers are not involved leaving the decision to the solar installer/EPC company.Sunpower is a US company which makes the most efficient solar panels using its monocrystalline solar cell technology which gives efficiency of more than 24%.The company sells black solar panels with efficiency of 18-20% .The company is a solar system integrator and developer as well building some of the largest solar farms in the US.The company was recently bought by the French Oil Giant Total.Sunpower operates in all the main segments of the market and has reputation for selling some of the highest quality solar panels in the country.
July 6, 2011
First Solar is going to the biggest producer of solar panels in the world despite having a solar panel technology which differs from almost all of its competitors.First Solar Solar Panels use Cadmium-Tellurium Thin Film Solar Technology while the majority of the Solar Industry uses Crystalline Silicon Technology.Despite the difference First Solar is the most valued solar stock in the world and has been for a long time.Despite stiff competition from the silicon technology and most of the thin film companies going bankrupt,First Solar has managed to hold on cutting costs and improving yields continuously.In fact First Solar Solar Panels have the lowest cost of production in the world.First Solar Solar Panels efficiency has also increased in the last few years such that First Solar is now targeting commercial segments of the market.Note First Solar earlier used to sell solar panels mostly to developers and utilities to build ground mounted solar panel farms where the lower efficiency of the Cd-Te solar panels did not matter.The reason is that in large solar farms space and area constraints are not there unlike in rooftops where the space is a major issue.
July 6, 2011
Solar Power in India is generating huge excitement with falling prices of Solar Power and government incentives under the JNNSM.However Subsidy of Home and Small Commercial Solar Energy Systems has not been big enough.Unlike Western Countries which are shifting their government subsidies towards smaller solar rooftop systems,the Indian government is supporting even larger solar panel plants.This will lead to only large investors,utilities and companies being left in the fray and lead to lesser competition.Also there is no support for rooftop solar which will help to broad base the reach of solar energy.A Policy which helps distributed solar like Germany will do much more to boost solar in the country than supporting massive solar plants that will only help large companies making the most of the taxpayer subsidies..Note Delhi is the only state in India which is giving primacy to rooftop solar systems and is in the process of announcing a capital subsidy soon.The reason may be that Delhi mostly consists of urban homes and they have little option.However there is a subsidy available for small home solar power systems though it is difficult to get and only possible for large corporates till now.
July 6, 2011
Germany till a couple of years was the home of the biggest solar panel manufacturers in the world.This was driven mainly by the German Renewable Energy Law (EEG) which is the most successful renewable energy subsidy in the world.The German Solar Market has become the biggest in the world for the last 2-3 years and an estimated 25 GW of solar panels would have been installed in Germany.Capitalizing on a large domestic market a number of solar companies like Q-Cells,Solarworld,Solon and others became the biggest in the world.However the rise of the Chinese solar panel manufactures has made these companies shrink with some of them like Q-Cells facing questions of survival.The prices of the Chinese solar panels has become lower than the costs of the German made solar modules putting the economic viability of the German solar panels in question.Though the quality of the German made solar panels is higher and some of the best solar panels in the world are produced by the Germans,the price differential has meant that Chinese have captured almost 70% of the global solar panel market leaving little for the German solar panel companies.The Italian Feed in Tariff Law Contio Energia 3 has given somewhat of a boost to the German solar panel makers as it gives higher subsidies for solar projects,farms using European based modules.However German solar panel producers are in a secular decline with most of them shifting their factories to Asia.Q-Cells and Bosch have set up big solar manufacturing facilities in Malaysia while Solarworld is doing so in the US.Another Big European Solar Producer REC is closing its factories in Norway while expanding it in Singapore.
July 6, 2011
Solar Panels have decreased dramatically in cost from about $800 in 2008 for a standard 200 Watt Solar Panel to about $300 which means more than a 50% decrease in costs.In these days when the price of electricity and energy is constantly increasing this is an amazing fact and the decreasing cost of Solar Energy has made it the biggest Advantage of using Energy from the Sun.Cheap Chinese Solar Panels can be now be bought as low as $250 in bulk which implies that you can easily buy a Solar Array of 10 Solar Panels for your home at a cost of as low as $2500 .While the initial investment may look high you can look at electricity savings for 25 years as Solar Energy requires NO FUEL and very little maintenance as well.Solar Panels are already ubiquitous in places like Germany and Italy which have strong government support programs called Feed in Tariffs.With prices of energy increasing and Global Warming,its a matter of time when Solar Panels become as common as Lights in your home and offices.Solar Panels Installation is normally done by a Solar Integrator or Installer who decides on which Solar Panels to Buy and Designs the Systems.But as an owner of a Solar Panel System you must have a good idea otherwise you might get cheated upon.
July 6, 2011
CNPV is one of the bigger Tier 2 Chinese solar panel manufacturers with its factories based in China.The company does not have a big presence in the retail solar panel market as it sells mainly to solar farm developers.However with solar roofs becoming more important as government focus their efforts on residential installations compared to utility installations,it a matter of time before CNPV becomes available through online and offline dealers for residential solar.Quality wise and price wise the company is comparable to the smaller Chinese solar panel producers like CEEG,Sunink,ET Solar and SunEarth.However it does not have the backing of a big parent group so there is the danger that the company may not be available to survive the solar glut which has seen the solar panel prices coming down by more than 50% in 2011.However given its listing on the NYSE and its recent order flow from big distributors,it looks unlikely that it will fail.
July 6, 2011
After Solar Panels,Solar Inverters are the second most crucial component of the overall solar system accounting for around 10% of the overall costs.Solar inverters connect the solar panels to the grid converting the DC to AC which is used by the grid.Note for off grid solar installations,solar inverters are required as most electrical devices need AC for their operation.There are both grid tied and non grid tied inverters available on the market.Solar inverters have become highly sophisticated with features like optimization and monitoring etc.The efficiency of solar inverters are a major factor in their purchase as well as the quality and reliability.Inverters comes in various sizes and can be as large as 1 MW for utility applications.Note unlike solar panels,solar inverter manufactures are much bigger in size with SMA Solar having a 40% global marketshare.
July 6, 2011
Soar Rebates are a very important decision making factor when buying solar panels for your home or office or factory.The reason is that solar energy today is still not competitive with fossil fuel energy.However the costs of solar energy have declined dramatically in the recent past.It is estimated that solar energy will be competitive with coal,gas and other fossil fuels in 2-3 years in most places around the earth.In fact it has already reached "grid parity" in a number of countries like Italy,Hawai where there is a lot of sunshine and the cost of electricity is also high.Australia too has a large number of sunny hours which makes it ideal to install solar panels.State governments in Australia have been at the forefront of giving rebates and subsidies to promote solar energy in the country.This has resulted in a large boom of solar installations among residents in the country who are taking advantage of the generous subsidies.Though recently a number of provinces like New South Vales and Victoria have reduced the solar rebates , the falling cost of solar panels in Australia has still made it attractive enough for people to put up solar panels.
Most of the state government Feed in Tariff Schemes have closed down under a deluge of applications and have reached the limit.Now the rebates for solar energy is federal in nature where you can receive a Renewable Energy Certificate (REC) or Solar Credit for the solar energy generated from solar panels.Here is a list of the solar rebates and subsidies available in different states of Australia.
July 6, 2011
Solar Power in India has been growing at an explosive pace due to declining costs of Solar Energy and incentives given by the Government of India under JNNSM.While most of the subsidies for solar energy in India are going to large solar farms,Solar Lighting is also growing steadily without any support.This is due to the fact that Solar Lighting saves on electricity costs and is also environment friendly.Solar Lighting in India is gaining traction not only in the upper income segments but also at the bottom of the pyramid.Solar Lanterns and Lamps are replacing expensive,GHG emitting kerosene lamps in poor rural as well as urban India.Depsite shoddy subsidies,solar lamps have become economic to compete with fossil fuel alternatives.Solar Lighting is also being heavily used for Street Illumination in places where the electricity grid is not present.Solar Lighting is also gaining acceptance in use in gardens where they can capture sunlight in the morning and light the gardens in the night using the stored energy.
July 6, 2011
Amorphous Silicon Solar Panels were the big rage in 2-3 years ago when the prices of polysilicon the main raw material were touching $500/kg making the mainstream crystalline silicon solar panels very expensive.Amorphous Silicon (a-Si) on the other hand is a non-crystalline silicon which is deposited as an extremely thin layer on glass and other substrates.The cost of the silicon is much lower though the efficiency of solar cells which are made from a-Si is about half of those made from crystalline silicon.Applied Materials with its SunFab turnkey amorphous silicon (a-Si) equipment capitalized on this opportunity, lining up a number of customers with some customer orders in the range of a Billion Dollars.Oerlikon Solar was the other major thin film equipment market winning customers in Europe and China.Sky high poly prices also gave birth to numerous Thin Film startups planning to Manufacture and Use their own equipment rather than selling it .
July 6, 2011
Solar Trackers are used to increase the Energy Output from Solar Panels and Solar Receivers.Solar Tracker is a Device which follows the movement of the sun as it rotates from the east to the west every day.Solar Trackers are used to keep solar collectors/solar panels oriented directly towards the sun as it moves through the sky every day.Using Solar Trackers increases the amount of solar energy which is received by the solar energy collector and improves the energy output of the heat/electricity which is generated.Solar Trackers can increase the output of Solar Panels by 20-30% which improves the economics of the solar panel project.
July 6, 2011
Coal is the biggest source of Energy for Electricity Production in the world and its use is expected to continue to grow to 44% of the Electricity Production by 2030 (IEA).Despite Coal having many dangerous disadvantages,its Advantages of cheapness and abundance have made it the Fossil Fuel of choice.With global reserves estimated to be around 200 years,it does not have the "peak oil" characteristics as well.Though not a Coal Fan,nonetheless Coal stocks are a great investment choice due to the fact of its growing demand which is outstripping supply.China and India are massively growing their electricity,steel and cement production which requires billions of tons of coal.China consumers almost 45% of the global coal production while Indian demand is growing by leaps and demands as well.Indian Power Utilities are grabbing up Coal Mines in Africa,Australia and Asia to secure feedstock for their gigawatt thermal power plants.Despite its growing importance Coal does not have a lot of choice in terms of investment unlike Fossil Fuels like Oil and Gas.Here is a list of Coal Stocks which one can invest in and the sole Coal ETF - Market Vectors Coal ETF (KOL).
July 6, 2011
The Indian economy has performed strongly over the last few years, regularly hitting 8% and above growth rates . This rapid economic growth has led to a significant increase in demand for crude oil and natural gas, to the extent that India is currently the sixth largest consumer of oil and gas. India is one of the biggest importers of crude oil and natural gas as it has to import 2/3rd of its requirements of Oil. Upstream activity in India has rapidly grown post liberalization with 42 active offshore rigs and several seismic vessels engaged in operations offshore on the east and west coasts. Several significant discoveries have been announced since the New Exploration and Licensing Policy (NELP) was introduced. The commercial discovery of the Dhirubhai field by Reliance in the deepwater Krishna Godavari basin has demonstrated the existence of significant reserves in the basins of India. As India imports about two-thirds of its crude oil requirement, Exploration and production of oil and gas is critical for India's energy security and economic growth. Over the years the E&P industry has registered significant growth, primarily due to spiraling crude oil and gas prices.
July 5, 2011
Multijunction Solar Cell Concept
The basic principle on which solar cells work is Photovoltaic ie. they convert the photons from the sunlight into usable electricity. However, in this process neither is all the light absorbed nor does all the photons get converted into electricity. High energy blue light photons do not have all of their energy converted into electricity, some is wasted as heat & low energy red light photons are not absorbed at all. Sunlight is made up of a broad spectrum and depending upon these various wavelengths, photons of light also have different energy levels.Hence, to minimize this wastage & to enhance the efficiency of solar cells, scientists came up with the concept of multijunction solar cells.
July 5, 2011
Steel is an essential material used in many industries – it’s the backbone to countless products, structures and services that shape the everyday lives of people throughout the world.One of the major uses of Steel is in the Manufacture of Pipes which are used to transport energy products.Pipelines are a transportation system that enables the safe movement of inordinate quantities of energy products to industry and consumers, literally fueling our economy and way of life. They are arteries of any Nation's energy infrastructure, as well as the safest and least costly ways to transport energy products.
In general Steel Companies in India with the exception of the Jindal Group are not involved in the Steel Pipe production .Most of the Steel makers in India have major operations in foreign countries particularly Middle East.The boom times seem to be over for the sector and competition has become higher.
July 5, 2011
Stainless steel production in India increased from 0.5 million tonnes in 1994-95 to 1.76 million tonnes in 2004-05. India has emerged as one of the top ten stainless steel producer in the world. With a production of 1.1 million tonnes during 2002, the country was ranked 8th in the world. With the economy booming, there is increasing demand for a wider range of products and services in stainless steel.Stainless Steel is manufactured by the mainstream Steel Companies in India beside there are some focused stainless steel companies as well.The Mining Industry in India supplies most of the raw materials used in the production of Stainless Steel.
July 5, 2011
Production of iron ore in the country is through a combination of large mechanised mines in both public and private sectors and several smaller mines operated in manual or semi mechanised basis in the private sector. During 2001-02, 215 iron ore mines were operating in a total 638 leases which increased to 261, during 2005-06 operating in 505 leases. During 2006-07, India produced 172.3 MT of iron ore including lump, fines & concentrate. Normally, iron ore mining in India is done by opencast method and on the basis of mining methods, the mining can be broadly divided into two categories, i.e., manual and mechanized. Majority of the large mechanised mines are in the public sectors whereas manual mines are mainly in the private sector. In order to support steel production of 110 MT by 2019-20, the requirement of iron ore is placed at 190 MT & exports have been estimated to be around 100 MT. World iron ore production was 1,690 MT in 2006. Although iron ore is mined in more than 50 countries, the bulk of world production comes from just a few countries. The five largest producers are Brazil,China, Australia, India & Russia.
July 5, 2011
Samsung had decided a couple of years ago that it wants to be a major player in the Green Industry and has lined up billions of dollars to invest in solar and wind energy over the next decade.The company is already starting up massive solar panel plants and wind turbine factories as it hopes to capture a large chunk of the clean technology industry.Samsung is a global leader in the Semiconductor area which it is trying to reinforce by huge capital expenditure.Samsung has strong expertise in the areas of LCD and Memory manufacturing and technology, which it can easily leverage to develop Solar Thin Film technology.However,Samsung is focusing its efforts on high efficiency Crystalline Solar Technology.It recently announced a big investment commitment to Ontario in offshore wind and solar manufacturing and generation.The company wants to rival conglomerates like GE and Siemens which already have a large presence in wind,solar and smart grid technologies
July 5, 2011
Solar Power is rapidly increasing around the globe driven by falling prices of solar energy and increasing costs of electricity generated from coal,oil and gas.Besides governments are supporting renewable energy as it leads to increased energy security,less pollution and helps in reducing global warming.Solar Panels Costs have fallen rapidly in recent years falling to as low as $1/watt from $4/watt in 2008.This is due to increasing scale of manufacturing by Chinese producers of solar panels,improved technology and efficiency.While Solar Panel Installations have profilerated in Europe and even in Australia driven by state government rebates,they have not really taken off in New Zealand.
The reason is that the prices of solar panels are still higher here because the market is so small that volumes have not decreased the price yet.Major solar panel manufactures also don't have distribution in New Zealand which means that only high cost solar panels are only available from companies like Mitsubishi and BP Solar which are niche players in the global arena.In fact BP Solar has stopped manufacturing solar panels and outsources the production to Asian companies.
July 5, 2011
Natural gas is rightly termed as the Fuel of the 21st Century, has emerged as the most preferred fuel due to its efficiency and cost effectiveness. The demand of natural gas has sharply increased in the last two decades at the global level. The production of natural gas is around 87 million standard cubic meters per day. The main producers of natural gas are Oil & Natural Gas Corporation Ltd. (ONGC), Oil India Limited (OIL) and JVs of Tapti, Panna-Mukta and Ravva. Even private parties from some fields produce gas under Production Sharing Contracts. Government has also offered blocks under New Exploration Licensing Policy (NELP) to private and public sector companies with the right to market gas at market determined prices. In India most of the production of gas comes from the Western offshore area. The on-shore fields in Assam, Andhra Pradesh and Gujarat States are other major producers of gas. Smaller quantities of gas are also produced in Tripura, Tamil Nadu and Rajasthan States. OIL operates in Assam and Rajasthan States, whereas ONGC is operating in the Western offshore fields and in other states. Prior to 1987, gas prices were fixed by ONGC/OIL. since 1987, the price is being fixed by Government. The Ministry of Petroleum & Natural Gas has been regulating the allocation and pricing of gas produced by ONGC and OIL by issuing administrative orders from time to time. The gas produced by the JVs and by NELP operators is governed by the respective production sharing contracts between the Government and the producers. Under the existing policy, 100% Foreign Direct Investment (FDI) is allowed for both LNG projects and natural gas pipeline projects.
July 5, 2011
The Internet is full of websites that advertize and give you steps on how to make solar panels.In fact DIY (Do it Yourself) Solar Panels has become almost a regular industry in training common people to make solar panels at their homes.The reason given is that building solar panels at your home is much cheaper than buying solar panels from wholesalers.There are numerous books as well that you can buy on amazon that have diy solar panels.These books have nothing but a manual on how to solder solar cells together to make a solar panel.You can pretty much get this for free from any of the credible solar websites.However DIY Solar Panels throws up tons of books and website advertizements that seemingly would make you into a wizard solar panel maker.The truth is far from what these charlatans say.Solar Cell and Solar Panel prices have fallen drastically in the last few years.In fact you can buy very good solar panels from China and other places.In fact you can buy very good quality Japanese solar panels from Sharp or Sanyo at $600 for a 200 watt solar panel.
July 5, 2011
Solar Panels Demand has exploded in Ontario Canada boosted the the provincial government MicroFit program which gives a generous feed in tariff (higher electricity price) for the solar power generated from silicon solar panels fitted to your home or office.The Feed-in-Tariff depends on the size of the solar installation and is guaranteed for 20 years at a fixed price.This implies that you not only save on power bills but also get a much higher electricity price for the solar energy electricity that you are generating.This has led to a veritable boom in solar panels sale in Ontario and made it the fastest growing solar energy region in the whole of North America.However solar panels cannot be bought from anybody to qualify you for a government rebate.Only Solar Panels which meet the domestic production criteria can get solar rebates from the government.
July 5, 2011
Sanyo Solar is one the biggest Japanese solar companies along with Sharp,Kyocera and Mitsubishi.After Panasonic bought Sanyo,the emphasis on the renewable energy green division has been increased by Panasonic..Sanyo had been already been metamorphizing into a Green company from an Electronics company before Panasonic bought it for a very cheap price.Sanyo had never found much success in the cut-throat Electronics Sector with Operating Margins very near to break-even.However under Panasonic it could become a potential leader in the extremely fast growing Green Sectors.Panasonic has completely changed its strategy to become a major Green Player targeting a Major Percentage of Sales in the future to come from Green Products.Panasonic which is the world’s biggest Plasma TV producer is going to spend $1 Billion on Green Building investments.Panasonic will combine its Green Strengths with Sanyo’s to sell a complete Eco-Friendly Home complete with Solar Power,LED Lighting and Energy Storage and Efficiency capabilities.In Solar where Panasonic is the No. 3 player in Japan behind Sharp and Kyocera ,it is speeding up the expansion of solar capacity.It will spend more than $500 million aiming to triple its energy solutions business in Europe to 800 Million Euros by 2016.
July 5, 2011
1366 Technologies has got a $150 million DOE Loan Guarantee as the startup looks to raise $300 million to fund its solar wafer producing factory.Note the company is using an innovative technology which it says will be game changer in reducing the costs for making solar wafers.Note Solar Wafer Companies in China have managed to raise scale and reduce costs substantially in recent years winning marketshare from European companies like REC and Solarworld.The smaller companies like PV Crystalox are in deep trouble because of their high cost of operations and are trading at a fractional of their book value.Its a tough environment for solar companies especially if they are starting out as established solar panel companies like Evergreen Solar are facing potential bankruptcy.Evergreen Solar got millions of dollars in grants and loans from Massachusetts however the company has been forced to shut down its factory.Like 1366 Technologies Evergreen too uses a unique technology "String Ribbon" to producer solar wafers .However it has not been able to scale and reduce costs compared to the mainstream silicon solar wafer producers like LDK and GCL.