Mike Parker rightly said, “When you don’t invest in infrastructure, you are going to pay sooner or later.” Indian government after realizing the need of development of infrastructure passed a Public Private Partnership Policy which was regarded as a milestone in infrastructure development. Until lately with the lack of development and late completion of projects, […]
Tamil Nadu Solar Advantage over Wind? We had earlier highlighted in Greenworldinvestor that solar investors should take notice of Solar Energy in Tamil Nadu which has come out with a very ambitious solar energy policy. The clear rules and the mandatory provision for buying solar power has made it into a solar hotspot. Already many […]
Red Tape in US Solar Industry The US Solar Industry has been hogging the news due to the solar panel trade battle with China where Anti Dumping and Countervailing duties have been imposed on Chinese solar panel imports. The industry is divided between supporting the Chinese and those who want to stop the imports. The […]
First Solar stock has been on a roll in recent times and has doubled in a short span from its all time lows. This is in sharp contrast to other solar energy stocks especially the big Chinese ones which continue to make new all times lows. Many of the them like JA Solar, LDK, Suntech […]
Solar in India Solar Energy in India was thought to be one of the most exciting growth industries in the world. While the current state of the Indian solar panel manufacturing industry could easily be predicted a couple of years ago, it seems that the industry is facing the reality only now when their utilization […]
However India’s biggest capital good equipment company BHEL owned by the government is plannning a $500 million investment to build a solar cell factory in at Sakoli which is part Union heavy industries minister Praful Patel’s constituency Bhandara.Talk about how dumb you can get. BHEL hardly has too much expertise in the solar panel industry and with solar cells in massive oversupply,it is almost sure to lose money. However that is how things work with Indian government companies where investment is made at the whims of ministers rather than rationality and business sense.BHEL is currently trading at one of the lowest valuations in its 10 year history and its not a big wonder why. The company has benefited in the past as did other machinery and engineering companies from an infrastructure invesment boom. However those glory days are over for the company as it faces competition from the Chinese companies and decreasing orders flow. Praful Patel the minister has already spent a few years in the airline ministry presiding over the conversion of the state owned carrier Air India ino a basket case. Now its the turn of BHEL to be turned into a basket case as well.