Green
June 30, 2011
Wind Power in India has been growing at a rapid pace making India the 5th largest global market for wind energy despite limited resources of wind energy.India Wind Power Plants are all set to grow with the entry of new wind power developers like Metal Traders MMTC and Ushudeve International.Note MMTC is the state owned metal trading giant while Ushudev is the 3rd largest private sector trader in metals after Adani and Surana Groups.New Wind Farm Developers like Caparo,Greenko,Genting,Techno Electric have already put agressive wind expansion plans in place.Now MMTC and Ushudev have joined the wind party as the economics of wind energy look enticing given the massive shortage of energy and the incentives given the government like GBI,Tax Breaks etc.
June 28, 2011
Orb Energy a non-profit supplier of off grid solar systems in Southern India has got a million dollars in additional funding from Acumen Fund.Orb Energy supplies solar systems to both residential and commercial customers in 4 states in India Kerala,Maharashtra,Tamil Nadu and Karnataka.It is headquartered in Bangalore and received initial funding from Zouk Ventures.Acumen Fund invests in socially relevant enterprises and has also invested in D.Light which is one of the major producers of LED Solar Lanterns in India.Note Orb Energy in its websites says that it sells around 1000 systems a month and plans to double the size of its operations by increasing the number of branches,employees.Solar System is a massive opportunity as Solar Power in India is set to grow exponentially in the coming years.Note Orb Energy is a system installer and does not manufacture solar panels in India.
June 28, 2011
European Carbon Trading Market goes into a Huge Slump on Greek concerns,post 2012 Kyoto uncertainity
The European Carbon Trading Market which is the biggest cap and trade market in the world has gone into a monster slump with carbon credit prices having fallen to around 10 euros which is the lowest since March 2009 when almost every global asset had fallen to multi year lows.The trigger for the correction in prices is the future of the EUA scheme in which major carbon emitters in Europe are restricted to quotas and have to buy carbon credits if they exceed their limits.A huge amounts of United Nations CERs are sold into this market as they are allowed to to so.This has led to the mushrooming of a huge growth of carbon consultancies in India and China which help projects in obtaining these lucrative CERs.Note this has recently become highly controversial with a number of frauds happening in trading of these carbon credits.Top investment banks have been convicted of fraud and big sellers of CERs like the HFC producing companies have made ludicrous windfalls of hundreds of millions of Euros.Some of these companies have now started focusing in winning these CERs which are much more profitable than their core operations.
June 23, 2011
India has set a target of 20 GW of Nuclear Energy by 2020 from around 5 GW now and has already signed deals with major nuclear equpment suppliers like Areva,GE-Hitachi and Toshiba.However the Nuclear Disaster at Fukushima has changed things on the ground with protests growing by the day.Note only are the proposed nuclear reactors at Jaitapur facing massive protests,even the existing nuclear power plants in India are seeing locals raising their voices.Recently many prominent citizens of India signed a protest letter against the upcoming Jaitapur plants.Note the advantages and disadvantages of nuclear power has been debated on for a long time.The catastropic risk of a nuclear reactor meltdown is the biggest con of nuclear energy and has made it intolerable in a number of countries.After Japan has decided to kill nulcear power in the country,other progressive countries like Germany,Italy and Switzerland too are going to switch off nuclear reactors once the life of the existing plants are over.
June 23, 2011
GoldPoly,SunOasis,China Technology Development Group Corplto invest $10 billion in European Solar Projects using Financing from China Development Bank and Merchants Bank.Note these 3 companies have integrated facilities from processing of polysilicon into wafers to making solar panels.Its the first time that 3 Chinese companies have combined to promote such a massive project.The 3 companies are not listed in the US stock or HK stock exchange unlike other major Chinese solar companies like Trina,GCL,Suntech,LDK and others.Note China Development Bank (CDB) which is owned by the Chinese government has already extended billions of dollars in credit to Chinese solar panel companies like JA Solar,LDK and others.
June 23, 2011
China installed almost 50% of the world's wind power energy capacity in 2010 as its market exploded from almost nothing to around 18 GW.China's massive energy needs and its growing emissions and pollution problems have led to strong tailwinds for the wind industry.This has also led to the growth of a massive domestic industry which has led to 8 Chinese Wind Turbine Producers among the top 15 global WTG suppliers.Now China is looking to make major inroads into offshore wind energy which is dominated by Europe.China has the only offshore wind farm in Asia off Shanghai and is looking to rapidly ramp up as its energy needs keep growing.With more than 70% of China's electricity coming from dirty coal and the country already consuming 3 billion tons of coal a year,energy sources have to be diversified urgently.
June 23, 2011
Solar Industry Mergers and Acquisitions (M&A) have picked up pace in recent times with a number of companies in distress with supply exceeding demand as Italy suddenly changed its solar subsidy policy in April 2011.With high inventory levels and prices crashing only the biggest and best solar panel manufacturers are managing to thrive.Note the Solar PV Industry has not seen too much M&A unlike the Solar Thermal Industry which has always been a hot area for M&A activity as giant industrial groups like Siemens,Areva,Alstom and GE have bought startups to improve their technology offerings.With the Solar PV industry having crossed more than $50 billion mark in 2010,more and more MNC conglomerates have now starting buying solar companies at cheap valuations.Here is a list of the recent buyouts,stake buys and mergers in the Solar PV Industry that have taken place recently.
June 23, 2011
Solar Energy in India has immense potential due to the massive growing demand of energy in an already deficient country.The Indian government too has realized this and set an ambitious plan of 20 GW by 2020 under JNNSM.Despite teething problems in the first phase of JNNSM,India should manage to grow its solar power capacity by more than 10x in 2011 to 700 MW.According to IREDA which is the main government renewable energy finance $2.2 billion would be invested in 2011 to grow the capacity to 700 MW.Note despite this impressive rise,note solar power in India comprises less than 0.5% of the total installed electricity capacity in the country and the growth comes off almost a non-existent base.
June 21, 2011
India's JNNSM on the other hand has seen the first phase marked by a number of teething problems like debt financing,absurdly low bidding by noname companies,poor electricity infrastructure.The Second Phase is supposed to ally these problems but the first plans do not seem to be too great.The support for large solar farms will be increased from the current 5 MW cap to 20-25 MW cap.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 broadbase 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 giing 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.
June 21, 2011
Japan's Solar Energy Manufacturing Industry is quite large and second only to China which may surprise a lot of readers. Sharp was the largest solar company by revenues and the other six zaibatsus have been present in the solar power manufacturing for a long time.Mitsubishi the Japanese conglomerate with diversified global interests has a big presence in solar and wind energy as well.It has a low profile solar module and system business.The company is known for its high quality panels and has a decent presence in USA and Japan.However like Kyocera it has not been aggressive enough leading to loss in marketshare.
June 21, 2011
Bangladesh like India is a massive power deficient country with peak power shortage of aroudn 25% and more than 60% of the people in the country lacking access to the power grid.As prices of coal,oil and gas increase it has become harder to provide electricity to some of the poorest people in the world.Solar Energy is an ideal solution as it can provide gridless power,is totally clean in terms of pollution,health hazards and is economical as well since it saves money for building the electricity transmission.The Bangladesh government has itself realized this as the Prime Minister has put up a 21.6 Kw solar power system to power her office.The World Bank had put up $130 million in funding in 2003 which has resulted in more than 1 million homes being powered by solar energy.Note the requirements of power are very small almost 1/10th that of a Western home.Government owned Infrastructure Development Company (IDCOL) has been providing the financing for these small solar panel projects in the country.
June 1, 2011
Wind Power in India has shown sharp growth in 2010 and looks to have a bright future with a number of wind farm developers investing aggressively to expand capacity.Wind Turbine Companies have also been putting up factories in India to catch a slice of the world's fifth largest wind energy market.Even Chinese companies like Dongfang and Shanghai Electric have managed to win contracts from power companies like KSK Energy.Greenko one of the first Green Utilities in India is raising funds to put even more wind turbines in India while Caparo has the biggest expansion plans in place.CLP which is the largest wind energy capacity owner in India too is plowing ahead with plans to add to the wind capacity.The most surprising entry is by Malaysian casino developer Genting which has raised debt from HSBC to put up a 92 MW Wind Farm in India.
June 1, 2011
Top European Wind Companies Vestas,Gamesa and Enercon have gained marketshare in 2010 in the Indian Wind Power Market.Note Indian Wind Energy Companies have been competing with each other as the Indian Wind Power Market starts slowing down.India installed more than 2 GW in Wind Capacity and is the world's fifth largest market.Suzlon the biggest Indian Wind Turbine Company has seen its marketshare go below 50% for the first time to 41% as aggressive initiatives by foreign wind manufacturers pay off.Note GE,Siemens and others have been setting up blade and turbine factories in India to lower costs and improve their position.Gamesa has been the biggest winner by gaining a 10 percent marketshare taking the No.3 position from the world's largest wind turbine company Vestas.Enercon maintaines its 2nd position with 500 MW of installations despite severe legal problems between the domestic unit and the German parent.
June 1, 2011
Indian Telecom Companies are using more than $500 million in fuel subsidies meant for the poor and generating more than 6 million tons of carbon dioxide every year by using diesel gensets at telecom towers not connected to the grid.Note the Telecom Industry in India has not exactly covered itself with glory on other matters with the 2G Telecom Scam already putting top executives in jail and implicating top telecom companies as well.The issues of massive fuel wastage in telecom towers has been raised in the past in greenworldinvestor as telecom tower companies viom,gtl,airtel and others have tried to put lipstick on the pig by making a mockery of green initiatives by committing to convert only a minuscule number of total towers to renewable energy.
June 1, 2011
The Government on India is proposing to introduce mandatory blending of ethanol in transport fuels to the extend of 5%.This means that the major transport fuel providers like IOC,BPCL and other will have to ensure that 5% of the petrol they sell will be mixed with 5% ethanol.The US is the biggest user of mandatory blending which has recently come under harsh criticism.The reasons given for supporting blending is that it reduces the requirements of fossil fuels which leads to lower carbon emissions,improves energy security and reduces pollution.However none of these advantages are seen in real life.In fact it has the massively negative consequence of increasing food prices which leads to the starvation of the poor globally.The Corn Industry in the USA has become a major lobbying force which makes the US government persist with the policy resulting in sharp increase in corn prices to the detriment of consumers.
May 31, 2011
India and China are largely dependent on Coal for fueling a majority of their energy needs despite the evident disadvantages of coal.China derives almost 80% of its electricity from coal while India uses Coal for 50% of its Energy Needs.Most of the new power plants being built in India have plans to use thermal power which means that the coal demand is going to skyrocket even as these 2 Asian giants are already suffering from coal shortages.India's Coal Production is falling short as the Environment Ministry makes it tough for the coal miners to dig up virgin forest areas even as private Indian power companies keep on building gargantuan thermal power plants of more than 4,000 MW capacity.Most Indian companies are now racing to acquire coal mines abroad joining the Chinese companies.Seeing the massive potential in coal,international resource giants such as Rio Tinto and others are trying to access coal assets as well.
May 31, 2011
Malaysia is one of the biggest hubs of solar manufacturing in the world through aggressive government support programs and tax holidays.It is home to the biggest manufacturing site for the world's most valued solar company First Solar and has been the preferred choice for solar investment from leading global solar companies .The Reasons behind Malaysia’s Success is government support in the forms of tax breaks,loans,simple regulation and low labor costs.While many of these subsidies have been given by other countries like Singapore,Malaysia has done it with a finesse and dedication that has made it a winner.Many world class companies have started solar manufacturing operations in Malaysia like Flextronics,Q-Cells,Sunpower and First Solar.The country has been planning to implement an ambitious Feed in Tariff program to subsidize Renewable Energy generation.The country has been inspired by Germany whose FIT policy has led it to become the largest solar generating country in the world despite its low solar radiation.
May 31, 2011
Central Energy Regulatory Commission (CERC),India's Electricity Regulator is planning to increase the frequency of compliance of the Renewable Purchase Obligation (RPO) for states from an annual affair to a bi or quad annual affair.Note Renewable Energy Certificate (REC) Trading in India started in 2011 to facilitate the development of the Renewable Energy Industry in India.According to the RPO,a certain percentage of a state's electricity generation must come from clean energy sources.States and utilities which can't meet their renewable energy requirements can buy REC from Indian Energy Exchanges to meet their needs.Power Exchanges in India have already set the ball rolling in terms of trading in RECs.
May 31, 2011
Solar Lamps in India are one of the most successful solar products in India as they provide economical value without requiring huge subsidies.Note India’s Solar Mission […]
May 31, 2011
Japanese Nuclear Giant Toshiba which is the second largest seller of complex nuclear equipment globally is looking to shift its focus towards Renewable Energy and Energy Efficiency.The company is already facing delays in shipping nuclear reactors to customers as the Fukushima Disaster makes governments around the world rethink their nuclear power ambitions.The Nuclear Energy Disadvantages are winning over the Advantages currently in public sentiment.Toshiba which acquired US Westinghouse has a target of selling 39 nuclear reactors which is getting delayed.With advanced nuclear power countries like Germany,Switzerland and Japan killing nuclear energy,the going looks tough for Toshiba.The company was already facing tough competition from the GE-Hitachi and Areva as well as new players from South Korea and China in the nuclear equipment market.
May 31, 2011
According to the Financial Express, a top US Thin Film Based module manufacturer is exploring the possibility of setting up a facility in Tamil Nadu with an investment of $500 million (approximately R2,255 crore) in the coming months.Note the sources have not revealed the name of the company but it is evident from the investment amount,solar technology that the company is First Solar.A a top level team from the company is expected to visit sometime early next week to initiate discussions with the state government officials.Note First Solar has been emphasizing the importance of India for its growth aiming to supply 100 MW of solar panels in 2011 itself which would make it a leader in the Indian solar industry.Other top solar panel companies like Suntech and Trina too have been investing heavily in selling their solar panels in India through partnerships with local companies.
May 31, 2011
DuPont Apollo is a wholly-owned subsidiary of DuPont started a 50 MW thin-film photovoltaic module manufacturing facility at Shenzen in 2010. DuPont Apollo is focused on the China domestic market but seems like that they are not getting too much traction in the hyper competitive Chinese market and now trying its hand in the Indian market where solar manufacturing industry is not too competitive.
Indian Solar Energy Market has seen the entry of many foreign companies eager to tap this huge opportunity.This list of foreign solar companies in India keeps growing on a daily basis with both startups like Abound and large companies like First Solar,Suntech making India as an integral part of their global growth strategy.DuPont the global chemicals giant too has entered the solar energy industry in partnership with Wipro EcoEnergy.DuPont Apollo will supply Wipro with its Thin Film Amorphous Silicon Solar Panels which will be used in the grid projects.Note a number of Joint Ventures in Indian solar industry have been recently formed.
May 30, 2011
Coal has become the hottest energy topic in the world’s fastest growing economies India and China which depend on Coal for a majority of their Energy […]
May 30, 2011
German utilities have protested against the move as recently they were buoyed by the decision of the Merkel led government to extend the life of the nuclear reactors by more than 10 years.However the weight of public opinion has made the German government go into the damage control phase ( though too late in my opinion.German power companies too know that going against popular opposition will be quite fruitless.Note Germany faces problems as the replacement of the 7 shutdown nuclear reactors will be difficult to replace.Solar Power has been playing an important role but in winter this problem may become acute.According to some analysts,Germany will have to import power (nuclear as well) from other European countries.This will lead to increase in electricity prices.However its a great win for all forms of Green Energy as Germany has no alternative but to go with Green Energy as Germany does not have abundant reserves of Cheap Gas (like USA).Also Coal has its disadvantages which make it very difficult in an environmentally conscious country like Germany.
May 29, 2011
Having good solar radiation data is essential for building solar power plants anywhere.USA and European Union have a well-developed insolation map so that developers and investors in solar energy have no difficulty in getting good data while planning an investment.However Indian developers are at a distinct disadvantage as there is no good primary data to go on.Solar Radiation data makes a huge difference to the economics of a project and no bank will give a loan based on incomplete data.For the inexperienced developers this has become another problem among a host of other problems.With little understanding of the technology and other factors,many of them jumped in and are now in a deep soup.However the prospects of the Indian solar energy are great even with these initial hiccups.The flushing out of the weak hands should help in strengthening the solar energy industry in India in the best traditions of capitalism.
May 29, 2011
Switzerland has voted to not build any new nuclear reactors and not to extend the life of the existing nuclear plants once their expected life ends.The […]
May 29, 2011
The dangers of Hydraulic Fracking which is used to extract Shale Gas has become one of the biggest environmental issues for Big Oil and Gas companies.Shale Gas Extraction has seen doubts being raised against its Environmental Safety Record.This new form of Fossil Fuel Extraction has seen a Gold Rush from Global Oil and Gas Majors looking to tap into this major new Energy Form.In the initial helter-skelter,environmental norms have been bypassed.The controversial Fracking Process leads to chemical contamination of water bodies leading to disease and sickness among local animals and humans.Shale Gas Companies and Local Officials have also been accused of conniving to break regulations and laws regarding water usage.The use of new techniques to extract gas from shale formations has gained huge traction in the United State with major companies like Chevron,Exxon spending billions of dollars to acquire companies with shale gas assets and technology.Indian and Chinese companies like Reliance too have spent their billions to gain a slice of the lucrative new Gas pie.However the environmental dangers of using fracking has kept cropping up despite efforts by Big Oil and Gas to suppress.
May 28, 2011
Solar Power in India is going to be one of the biggest opportunities in the 21st century with a number of favorable supply and demand factors converging.The Indian government too has supported Solar Energy in India through the ambitious JNNSM which aims for around 20 GW of Solar Capacity by 2020 (which is too low in my view).A Number of Green Companies both domestic and foreign have already made huge plans to capitalize on this oppurtunity.Here are some of the major happenings in India's solar sector in the last month or so.Juwi which is one of the biggest solar energy developers in Germany ( a market which has become saturated) has joined hands with Lanco Solar ( a subsidiary of one of India's biggest private power companies) to set up a 75 MW Solar Plant in Maharashtra winning a contract from the state power generation company Mahagenco.The contract value is Rs 884 crore which works out to be just under Rs 12 crores/MW or $2.6/watt which is extremely low even with the price of solar panels crashing in the international market.At this price the electricity generated won't be too expensive and Mahagenco has a good deal.On the other hand Juwi and Lanco get bragging rights to being the development team for one of India's biggest solar plants.
May 14, 2011
Electronic Waste is a massive problem in the Developed and Developing world with Thousands of Tons of Hazardous Electronic Waste being generated each year.With Electronics getting more ubiquitous and costs falling rapidly,Electronic Waste Problem is only going to increase.E-Waste is responsible not only for releasing dangerous substances into the environment it also causes deaths and injuries to poor in countries like India,China and Africa who are forced to work in extremely bad conditions.Electronic Waste Recycling is the need of the hour but the governments around the world have not pushed hard enough.Europe has been at the forefront with the WEEE directive passed in 2002 while USA has been a laggard as usual failing to prevent toxic waste from being dumped in landfills and shipped to poor countries with lax environmental regulations.Electronic Waste Recycling Act of 2003 has been passed in California which again as usual has been leading the federal government on clean technology legislation.
May 13, 2011
WEEE refers to the Waste Electrical and Electronic Equipment Directive issued by the European Community on Electronic and Electrical Waste alongwith the ROHS Directive in 2003 which regulates the collection,recycling and disposal of electronic and electrical equipment.The Directive are 2002/96/EC and 2002/95/EC.WEEE makes it mandatory for the producers of to dispose of the Electronic Waste.Unlike the USA which does not have such a strict policy,the companies must do so in an environment friendly way and can't just export all the electronic junk ot Africa,India and China which has been the way of the industry till then.
The legislation provides for the creation of collection schemes where consumers return their used e-waste free of charge. The objective of these schemes is to increase the recycling and/or re-use of such products. It also requires heavy metals such as lead, mercury, cadmium, and hexavalent chromium and flame retardants such as polybrominated biphenyls (PBB) or polybrominated diphenyl ethers (PBDE) to be substituted by safer alternatives.The EU’s WEEE and RoHS laws simply serve as a template for national laws. They are transposed into national law at national level.Member States are required to draw up a register of producers and collect information on an annual basis on the quantities and categories of electrical and electronic equipment placed on their market, collected, re-used, recycled and recovered within that Member State and on collected waste exported.