Germany is planning to extend the life of the nuclear reactors that are supposed to close in 2022 by an average of 12 years.Note extension will results in windfall profits for Germany Big 4 utilities which will be offset by Euro 2.3 Billion in Taxes for the next 6 years and a commitment for funding […]
India has recently seen 2 Nationwide Strikes in the past month on the issue of Inflation and Food Insecurity.These Strikes have been called by Opposition Parties and Trade Unions leading to a complete halt of the Economy on Both Occasions.These Strikes are a regular feature of the Communist Ruled States of West Bengal and Kerala.These […]
The country also has a 20% Energy Efficiency Improvement Plan for 2006-2010 which it is almost sure to miss.China energy reduction plans have gone haywire due its fast growing economy’s dependence on fossil fuels.China has recently talked of increasing the percentage of Renewables to 15% by 2020 from the single digit figure now but the progress of Energy Efficiency has been not upto the mark.China’s Energy Efficiency in fact decreased in the first half of 2010 instead of increasing.This decrease is due to the breakneck industrialization occurring in Chinese provinces determined to outdo each other in the Growth Game.Diktats by the Central Party Leadership have failed to rein in the provinces.
Polysilicon Demand has been skyrocketing in the recent years due to Exponential Growth of the Crystalline Silicon Solar Cells.This made Elkem decide on building a 5000 ton solar specific plant in Norway through a new cheaper process of refining Silicon called Metallurgical Silicon.However the 2008 GFC and poly Oversupply has made this process suspect as $400/kg poly prices went crashing down by 90%.Timminico,a Canadian Producer which was in the process of setting up a giant mg-Si plant has almost collapsed as orders for this less refined Polysilicon Form dried up.
India’s Central Electricity Regulatory Commission (CERC) had suddenly come up with an order mandating 6% Renewable Energy Generation for Utilities under National Action Plan on Climate Change (NAPCC) with 10% RE target by 2015.This had caused consternation as India still does not have a well functioning Renewable Energy Certificate (REC) market till now which would […]
Asian Development Bank has made ambitious plans to Fund Clean Energy in Asia.It has already invested $5 Billion since 2005 and plans to increase it to $2 Billion annually by 2013.These funds will go towards the development of the whole gamut of green energy options like wind,solar,biomass and geothermal energy in Asia.Note ADB is already […]