EGP is the 4th company of its kind to supply paper to European investors so the demand is not high.Despite EGP having 44% Hydro Assets and 13% Geothermal Assets which is more than its European competitors dependent on Wind Energy,investors are not convinced.Even the lower band of pricing has seen only 60% demand which means that EGP may have to lower it further.Spain and Italy the home countries of Enel are reducing Feed in Tariffs for Green Energy Sources due to Budgetary Problems.Despite removing the most draconian cuts on Renewable Subsidies,the sword of uncertainty continues to hang over the Green Producers.Investors are also looking for a discount on existing companies in order to make commitments to a new issue.EGP has been trying to do an IPO sine last year and the current bullish market environment in Europe might be the best time for it to clinch the deal.
Putting up Solar Panels on prominent landmarks is an easy and cheap way to promote Green Energy.In the last few years, a number for prominent places in the world have been installing solar energy in an effort to reduce GHGs and to publicize the clean economy.It advertises the advantages of putting solar panels in powering buildings which account for 40% of the global energy usage.’s Sydney’s Opera House,India’s Golden Temple are some of the other landmarks that have installed solar panels to cut fossil fuel use and encourage the use of renewable energy.White House has also decided to install solar panels next year after a prolonged campaign by green activists.Note White House had earlier installed solar panels during the time of Jimmy Carter and the OPEC Oil Embargo.These has been decommissioned by Reagan reflecting changed energy fundamentals.India’s Parliament House has now decided to go green using solar panels and biomass plants to drastically reduce its carbon footprint.The Indian Parliament generate a huge amount of food waste which will help in powering the biomass plant.
The JV with the Adani Group is a win-win for both companies.Adani Group is setting up 16000 MW of Thermal Based Plants in India over the next few years and has also planned a 100 MW Solar Plant in Gujarat.It has started a company Adani Renewable Energy to take forward its Green Energy initiatives.The tie-up with Siemens will allow it to access cutting edge Green Technology while Siemens will get a huge customer for its Energy Equipment.Renewable Energy in India is a huge growth opportunity considering that India will have to increase its Renewable Energy by almost 45 GW over the next 10 years if it has to meet 15% of its Electricity Requirements from Green Sources as mandated by the CERC.
Haryana is one of the richest states in India strategically located near India’s capital of Delhi.Haryana cities like Gurgaon and Faridabad have benefited hugely from being part of India’s National Capital Region (NCR).However Haryana only generates 0.5% of its 4000 MW of Electricity from Renewable Energy Sources.The state has negligible Wind or Biomass Energy.Despite a Department of Renewable Energy being setup to specifically promote the use of Alternative Energy Sources,the state has not had much success.Haryana is richly endowed with Solar Energy Resources with 320 days sunny days.The State has managed to win some allocation from the centre’s JNNSM scheme.It is also promoting the use of solar energy through disseminating solar kits amongst 2000 schools and providing solar lighting in around 500 villages.Note India had already made it mandatory for 6% of the Energy to be generated from Renewable Energy Sources.Haryana has a long way to go and might have to buy a huge amount of expensive Renewable Energy Certificates (RECs) unless it gets its act together.
The HPUC has given a FIT rate which is quite low for solar energy and has failed to implement a policy for installations between 500-5000 KW.Also the FIT rates for Concentrating Solar Power (CSP) does not make sense at all for under 500 KW installations.Don’t think there exists a single decent producer of such small CSP plants.The FIT Policy was passed despite stiff opposition from the island’s utilities who questioned the Feed in Tariff as a good Green Incentive.The huge success enjoyed in Europe by FIT did not make a big impression.Note 80% of the world’s solar installations depend on Feed in Tariffs.While there have been bad implementation cases of FIT in Spain and Czech,there have been huge successes in other countries like Germany and UK.HPUC rightly decided to go ahead as trial and errors would be needed . It won’t lead to a huge boom in solar in Hawai due to poor returns however it should lead to some boost to existing solar producers or those who were going to install solar anyway.
According to a report from Maplecroft,India and Bangladesh are the countries most at risk from the deleterious effects of Climate Change.The other countries in South Asia like Nepal,Myanmar,Pakistan are not far behind.Maldives the smallest country in South Asia is the heaviest in danger with its very existence at stake.Next in the list are African countries like Mozambique,Madagascar and others from Global Warming Changes like Droughts,Floods,Submersion etc.Note Climate Change has faced massive setbacks in recent time with the failure of the Copenhagen meet and not much chance of success with the next Cancun meet.USA and China the two biggest emitters of GHGs have been reluctant to move forward in the the Climate Change issue.Note the poorest countries are the most vulnerable to climate change and they have the least voice in climate change talks.Rich countries like Saudi Arabia have even blocked studies on climate change by poor island nations.