There is no good way of shorting Prakash Steelage stock otherwise it seems a sure shot money making opportunity.What is funny is that mainstream media websites have described the stock glowingly as a multibagger.More reason than ever to strictly avoid mainstream financial media.These IPOs have become a fertile gambling ground with the dice loaded in favor of the promoters and connected market operators.Retail investors get sucked in not realizing its a “Greater Fool” Game with the whole purpose of making them the Greatest Fools.
Czech Republic came out with a Renewable Energy Framework which will finish off the Solar Sector in the country if passed in the current form.Czech despite its small size has become the 3rd largest market for Solar Energy in Europe driven by high Feed in Tariffs.These guaranteed electricity rates have led to a Boom in […]
Countries around the world have always managed to shoot themselves on the foot while designing and implementing Feed in Tariff Schemes.Spain did it in 2008 resulting in a Boom and Bust Cycle,Czech is going through the Boom Phase currently while UK seems to be in the starting stage of the Boom.A Bust inevitably follows the Boom,as Bureaucrats never manage to prepare a good incentive scheme to promote Green Energy.It always surprises me how a developed nation government regularly manages to botch up these schemes.
Although the global financial crisis has pushed governments to sharply cut aid to the renewable sector, it has had little effect on costs in the solar mirror power sector compared with the photovoltaic (PV) sector, which uses solar panels to generate power.
“We’ve see some reduction in prices, but nothing like in the PV sector. Costs per megawatt are between 4 and 5 million but they can reach up to six depending on the kind of power storage system you use,” Seage said.
Sector analysts put the average cost of CSP per megawatt at about 5 million euros before the global financial crisis, about six times more than for conventional gas-fired power generation.
The high cost of CSP makes it unlikely to be competitive with conventional energy until the next decade, and that also depends on reasonable charges for carbon dioxide emissions.
“We see CSP power becoming competitive between 2020 and 2030, depending on a country’s levels of radiation,” Seage said.
Global hopes of an agreement on Carbon Emissions to stop the advance of Global Warming has been put in the Cold Storage.With little consensus and declining support for Climate Change Mitigation,individual countries are picking up the gauntlet on their own.While Cap and Trade Scheme implement under the Kyoto Protocol has come under fire for irregularities […]
Norway has been hailed as the toughest cutter of Greenhouse Gas Emissions amongst the devloped countries promising to cut Carbon Emissions by 30-40% by 2020 from the 1990 Levels.Compared to this USA has promised a measily 17% cut from 2005 levels and the EU only 20% by 2020 from 1990 levels.Norway’s cost of cutting emissions […]