China has come under a lot of criticism recently from conglomerates like GE and Siemens over discrimination being practised against non-Chinese companies.Massive implicit and explicit subsidies are bolstering Chinese companies against the Western ones as the government pushes the creation of National Champions in Green Technology.Through clever use of regulations and subsidies,Chinese companies are even challenging Western and Japanese companies in their own turf.
Sikhism’s most Holy Shrine the Golden Temple situated in Amritsar,Punjab will be now a part of the Green Energy Movement.The Punjab Energy Development Agency (PEDA) has awarded a project to retrofit 5 prominent places in the Punjab state with solar PV panels.The award for these projects has gone to Punj Lloyd one of the biggest […]
This trend goes contrary to what US administration is advertising as the creation of a large number of Green Jobs due to the Stimulus.The Senate has given up on the Climate and Energy Bill while EPA’s regulation of carbon emissions is also uncertain.Big investors are shunning the USA while putting money into Green Manufacturing and Investments as China takes over the Global Green Energy Leadership .
The competition has been extremely high for these projects leading to zero to negative returns for investors.This is due to a) low electricity rates on offer b) Aggressive bidding leading to even lower rates.This new phase of projects seems to be repeat of the old program.Giant state utilities can easily bid to win even if they lose money in the process.
Thailand has proposed to generate 20% of its electricity from Renewable Energy by 2022 and has implemented an “adder” electricity tariff for Green Energy plants.This “adder” tariff is similar to the Feed in Tariff (FIT) schemes prevalent in other parts of the world which gives a higher electricity payment to Renewable Energy Power Generators.Under this policy Thailand is set to give the “adder” tariff for 500 MW of plants till 2020 after which the tariff might be reduced
United Kingdom has been a laggard in climate change and global warming issues especially compared to its European neighbours.While countries like Italy,Germany and Spain have installed gigawatts of solar energy , UK has installed a measly 32 MW of solar energy till 2009.While UK’s geographical location is not particularly suited for solar energy,Germany does not […]