| Topic : Renewable energy in India |
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last activity : 07 06 2010 20:18:04 +0000
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By 2030, worldwide energy demand will be more than 50% greater than it is today. This is the base case outlined by the Energy Information Assocation. Regardless of fuel type, from coal to natural gas to wind to nuclear, the world is going to need more of all the various fuels we use to provide energy. Rising energy costs, limited availability, and new awareness of energy security issues are among the reasons that we have to take into consisderation. so the question now is which is one of the best alternate fuel available, which is cheap and available in plenty?
Growing conventional energy prices, along with federal and state incentives such as American Initiative, net metering regulations and renewable portfolio standards (RPS) requirements drive market growth. High generation and up-front investment costs, along with technical constraints, are important matters that companies must consider to become competitive in the solar market. The solar power market has grown 30 percent in the previous years and expects to grow at this annual rate," states Frost & Sullivan Research Analyst Georgina Benedetti. "Technology advancements, government rebates and R&D incentives make solar power a better alternative to other forms of energy generation.
Given the volatile state of the solar energy sector, it's a valid query. During 2007, solar stocks shot through the ceiling, gaining on average some 200 percent in value, only to plummet during the first part of this year. First Solar, an industry stalwart, has traded from a low of $74 on Aug. 16, 2007, to a high of $317 on May 14 of this year.
If that makes investing in solar energy sound scary, it should - though not for the same reasons investing in Internet stocks were in 2000. Last year's IPO hype aside, solar is an industry driven by commodities, not technology: Any declines in crude oil prices will be felt because such activity upsets the price competitiveness of solar energy. Then there are those ongoing shortages of polysilicon, the chief raw material used to make most solar panels. While the speculative nature of investing in solar energy will probably persist for the near term, the degree to which indeterminate energy policies feed that volatility could be short-lived.
Compared with North America, developing countries in the Asia-Pacific region use an estimated one-tenth the level used in North America. Exxon Mobil projects that by 2030, global energy demand will be 40 percent higher than in 2005. In developing countries such as those in Asia-Pacific, per capita energy use is expected to soar by 70 percent by 2030.
In the face of looming shortages, developing nations are jumping feet first into renewables. China, the world's biggest energy consumer after the United States and the biggest producer of greenhouse gases, is already running short on energy. So the question is can solar energy can become the same as petrol and desiel.
Growing conventional energy prices, along with federal and state incentives such as American Initiative, net metering regulations and renewable portfolio standards (RPS) requirements drive market growth. High generation and up-front investment costs, along with technical constraints, are important matters that companies must consider to become competitive in the solar market. The solar power market has grown 30 percent in the previous years and expects to grow at this annual rate," states Frost & Sullivan Research Analyst Georgina Benedetti. "Technology advancements, government rebates and R&D incentives make solar power a better alternative to other forms of energy generation.
Given the volatile state of the solar energy sector, it's a valid query. During 2007, solar stocks shot through the ceiling, gaining on average some 200 percent in value, only to plummet during the first part of this year. First Solar, an industry stalwart, has traded from a low of $74 on Aug. 16, 2007, to a high of $317 on May 14 of this year.
If that makes investing in solar energy sound scary, it should - though not for the same reasons investing in Internet stocks were in 2000. Last year's IPO hype aside, solar is an industry driven by commodities, not technology: Any declines in crude oil prices will be felt because such activity upsets the price competitiveness of solar energy. Then there are those ongoing shortages of polysilicon, the chief raw material used to make most solar panels. While the speculative nature of investing in solar energy will probably persist for the near term, the degree to which indeterminate energy policies feed that volatility could be short-lived.
Compared with North America, developing countries in the Asia-Pacific region use an estimated one-tenth the level used in North America. Exxon Mobil projects that by 2030, global energy demand will be 40 percent higher than in 2005. In developing countries such as those in Asia-Pacific, per capita energy use is expected to soar by 70 percent by 2030.
In the face of looming shortages, developing nations are jumping feet first into renewables. China, the world's biggest energy consumer after the United States and the biggest producer of greenhouse gases, is already running short on energy. So the question is can solar energy can become the same as petrol and desiel.
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Commented by
Jim McKirdy, CTO/CIO, Renewable Energy Systems
| 03 11 2009 15:47:01 +0000
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Commented by
Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 22 2008 15:10:07 +0000
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