Green Investing in India – How Tamil Nadu became the Biggest Alternative Energy State

27 Sep, 2010
Biomass Energy,Energy,Renewable Energy,Wind Energy

Tamil Nadu is one of India’s most prosperous and industrially advanced states located at its southernmost extreme.The state has shown remarkable progress in the field on Wind Energy utilizing almost 80% of its Wind Power Potential with 40% of India’s total Wind Installations.With the right mix of policies,Tamil Nadu has also become the hub of Wind Energy Manufacturing with Global Heavyweights like Suzlon,Gamesa,Vestas all building plants in the State.A number of new players like Sterling Infotech and Lietner have also started manufacturing Wind Turbines in Tamil Nadu due to favorable networking effects.The state is also generates the 3rd largest amount of biomass energy with around 340 MW installed.Here are the reasons why Tamil Nadu has become the Biggest Renewable Energy State in India.

1) Tax Holidays and Subsidies – The government has given attractive subsidies to attract Wind Power Developers to the state.Rs 3.39 ( 8c/Kwh) is the tariff given to Wind Energy besides another 1c/Kwh received from the Federal Government as Generation Based Incentive (GBI).The projects in the state easily make 25-30% returns on their investment attracting a whole host of private industry developers.The Industry also gets a 10 year tax holiday,custom duty exemptions and accelerated depreciation boosting the returns even further.A 20 year PPA at fixed prices helps in building investor confidence .

Sea TV Network IPO Review and Analysis – Crap trying to Smell like Flowers in Indian Bull Market

27 Sep, 2010
IPO

India has seen a flurry of IPO’s in the current month of September 2010 as the companies IPOing in this month will not have to submit the June end quarter financials.A Number of good IPOs have been mixed with a number of bad ones.However SEA TV Network is the crappiest of the lot by a […]

Green Investing Weekly 5 – Best Reads from the Web

27 Sep, 2010
Green Investing

Renewable Energy The potential for UK feed-in tariff changes– PV-Tech Gamesa shares slide after Del Pinos sell stake – Reuters EDF, Constellation Said in Talks to Save U.S. Nuclear Venture – Reuters DuPont sees $1 bln solar market sales in 2010 – Reuters Clipper Windpower seeks bailout amid cash flow crunch – Recharge Independent Solar […]

Bulgaria looks to Limit the Deluge of Green Energy Projects Fueled by Generous Subsidies

25 Sep, 2010
Renewable Energy,Solar Energy,Wind Energy

Bulgaria has also now decided to cap Renewable Energy Growth with around 12.5 GW of Green Energy applications lying in the backlog.Poorly designed and implemented subsidies are the root cause for such booms and busts.Poor Governance mechanisms are behind these Green Disasters.Bulgaria is the poorest European Union Country and can ill afford higher electricity prices.The government is targeting a 16% RE target by 2020 for which it wants to fix targets for different Green Energy Sources.The power grid operator has already warned of blackouts in case even half of the 12 GW Renewable Energy applications are actually constructed.Solar and Wind Energy have been incentivized with high FITs with global heavyweights like Siemens and Suzlon rushing in to build wind farms.

Indian Regulator SEBI ignores Key Concerns as it Chides Investment Banks over Trivial issues

25 Sep, 2010
IPO

India’s Stock Market Regulator SEBI has castigated the investment bankers for giving investors the short end of the stick.The regulator accused the I-Banking community of only looking out for the interests of the promoters by pricing primary issues too high.The proof is in the fact that 62% of the IPOs in the last 3 years are trading at below issue price despite the fact that Indian markets are near an all time high.Bad practises such as charging zero fees from big band government divestment,unethical if not illegal promotion of IPO companies through planted ads in newspapers were some of the other things that SEBI found objectionable.

Offshore Wind Energy Blows Strongly in Europe and China even as it gets Stalled in the USA

24 Sep, 2010
China,Germany,USA,Wind Energy

Offshore Wind Energy is starting to receive a huge amount of investment and attention both in Europe and Asia.Onshore wind installations facing the problems of visual impact,saturation of good windy geological locations and problems of low frequency noise.However Offshore Wind Farms face no such problems since they are located in high wind locations offshore far away from the general population.The largest Wind Farm got installed in the UK with Swedish Utility Vattenfal starting a 300 MW + Farm off the cost of Thanet.UK is at the vanguard of the Offshore Wind Energy Revolution with the largest amount of installations at 1340 MW.The Government has given out a number of approvals to another 30-40 GW of Wind Farms to a number of private players.This will not only substantially raise the Renewable Energy generated from UK but will also result in a huge number of Green Jobs and Investment.Already a number of Oil and Gas offshore companies are converting themselves to Green Ones to take advantage of the Offshore Wind Boom.The Wind Farms are being developed by big utilities like Dong,E.ON,EDP and RWE.

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