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#521 |
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Join Date: Oct 2011
Posts: 772
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Renewables to hit parity with coal and gas sooner than we think
Not fully related to India, but something to cheer. ![]() The cost of key renewable energy technologies is falling more rapidly than thought, with wind already competitive with fossil fuels in many major energy markets, and solar like to achieve grid parity with conventional fuels on utility or wholesale costs in the second half of the decade. The forecasts from global banking giant HSBC accord with some of the predictions made by the US, Chinese and Indian governments in recent months, and the outlook within the EU. But HSBC says the cost falls appear to be even more rapid, and will coincide with a carbon price that will become a “global phenomenom” in the second half of the decade. The HSBC report says the best wind projects are already competitive with conventional power generation in many key markets, and will achieve parity in other markets over time. The biggest change has been in solar, which is moving towards grid parity quicker than expected. “The recent change of tone on this subject from many solar companies suggests that producers are becoming more confident that grid parity is a realistic ambition, given the scale of system price reductions,” it writes. And, HSBC notes, despite the fact that nuclear and conventional fossil fuels had historically benefited from huge investments in R&D and ongoing subsidies, the rising costs of fossil prices and nuclear, and the technological advances for both solar and wind, means that renewable subsidies will be progressively cut back to zero “as cost competitive alternative energy becomes a larger part of the energy-generation mix.” The HSBC report includes capital and operating costs estimates for all the major conventional and renewable technologies, reflecting recent transactions, as well as capital costs, fuel costs and operating and maintenance costs. It does not include solar thermal (due to slow growth) or geothermal (niche market despite interesting cost position) in its analysis. These graphs from HSCBC show where generation costs were in 2011 and where they are heading. The first graph shows the estimated range of power generation costs (in Euros) for 2011. ![]() While this one shows where HSBC expects power generation costs (again in Euros) to be in 2015 – just three years away. The difference between these and the estimates included in Australia’s draft Energy White Paper, which contends that solar PV will still be twice as expensive in 2035, is startling. ![]() The HSBC report goes on to make some other interesting points: The capital cost of solar and wind (especially offshore wind) are on the higher side, but the only cost going forward is operating and maintenance cost as the fuel is essentially free. Wind and solar costs are relatively predictable compared with fossil fuel-driven sources of power generation, as the raw material costs are zero, whereas all fossil fuel-based generation is subject to volatility in the prices of oil, gas and coal. The least-cost onshore wind is already competitive with conventional technologies at current fossil-fuel prices and using carbon price in the EU. In the US, low gas prices (owing to shale gas availability) are posing a challenge for the competitiveness of wind technology. However, declining wind capital costs will reduce average wind generation costs by 2015, despite the risk of removal or reduction of subsidies. And in certain parts of Asia, such as India, wind is now close to the electricity sale price being offered by new coal facilities coming on line. It says offshore wind still has a long way to go to become cost-competitive and the bank is not expecting any significant decline to capital costs until the latter half of the decade, when technology improvements, larger turbines and higher installation volumes should result in beneficial economies of scale effects. On solar PV, HSBC says that rooftop systems have reached – or are about to reach – retail grid parity in key markets such as the US, Spain, Germany, India and China, and will achieve wholesalegrid parity in the latter half of this decade. It noted that coal- and gas-based technologies “look very cheap on a capital-cost only basis”, but in fact the bulk of the ultimate cost of power generation is in the fuel and, to a lesser extent, the carbon costs. It said nuclear faced a number of potential issues, including increased costs because of new safety requirements and the lack of political support in many countries. In any case, HSBC said, the capital cost of nuclear remains difficult to accurately forecast, given the complexity and scale of new build projects, decommissioning costs were variable and the cost and environmental impact of radioactive waste disposal difficult to quantify realistically Despite its declining cost curve, or maybe because of it, HSBC warns that renewable technologies will be a difficult environment for investors. “It seems increasingly clear that subsidies for new renewable capacity will continue to see a decline until they are withdrawn entirely. This cut in support will enforce the industry to become competitive with traditional power generation, presumably at the expense of many present participants who cannot breach such a transition. We therefore expect strong medium-term growth prospects for wind and solar, notwithstanding the current near-term pressures.” In the near term, however, that poses challenges for people investing in listed solar stocks, even if over the longer term it will become a “mainstream technology” with volumes growing in leaps and bounds. “Despite attractive solar system prices supporting the longer-term growth story, is it now a question of the survival of the fittest in our view.” It says demand will remain weak in 2012, pressure on margins will grow and industry rationalization will gather steam. |
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#522 | |
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Registered User
Join Date: Apr 2008
Location: Pudukottai dist,TN/Fishers,IN
Posts: 618
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#523 | |
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In the brig
Join Date: Jan 2012
Posts: 5,812
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SOLAR-POWERED ATM MACHINES - EXPAND BANKING OPTIONS IN RURAL INDIA
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Last edited by karkal; April 20th, 2012 at 04:17 PM. |
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#524 | |
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In the brig
Join Date: Jan 2012
Posts: 5,812
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‘Coastal States must look at offshore wind farms for energy'
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#525 |
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BANNED
Join Date: Oct 2011
Posts: 560
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World’s Largest Solar PV Power Plant Added to India’s Grid
Just 14 months ago, the Indian state of Gujarat announced that it was building a $2.3-billion solar park — the largest photovoltaic power station the world has seen so far. ![]() Narendra Modi, Chief Minister of Gujarat, revealed this Thursday via Twitter that the solar park had been switched on: “Gujarat dedicates 600 MW of solar power to the nation today. We are celebrating the launch of Agni V & dedication of 600 MW solar power park in Gujarat.” “This achievement is not merely a step in the direction of power conservation, but it provides the world with a vision of how the power needs of future generations can be solved in an environment-friendly manner.” The new addition to India’s electrical grid triples its current solar power capacity. The solar park is three times larger than the Chinese Golmud Solar Park, which held the record since it was finished in October 2011 with a total capacity of 200 MW. This is one of many projects to come if India is to reach its green goals within 2020: 15% of India’s total energy consumption should come from renewable sources of energy. The country is currently at 6%. The project has been a collaboration between 21 different companies, including several from the U.S. Another $400 million is reserved for renewable energy in the very same region where the new solar park operates. Modi says they are planning to encourage the development residential solar panels with a lot of this money. Congrats
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#526 | |
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BANNED
Join Date: Oct 2011
Posts: 560
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Looks like Gujrat is also planning for tidal energy plants
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#527 | |
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India under construction.
Join Date: Jun 2007
Location: All
Posts: 3,936
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kabacreations |
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#528 | |
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Registered User
Join Date: Mar 2008
Posts: 1,864
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Well, Gujarat is just pressing the accelerator on Solar Power. Go Gujarat!
Now, Gujarat to cover Narmada canals with solar panels! ![]() Quote:
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Renewable Energy .. |
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#529 |
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Registered User
Join Date: Jul 2010
Posts: 837
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I have a question though .. generally canals get shallow because of Silt deposition over time .. then they need to be dredged .. so if we cover them by Solar panels that may be a problem ?
Or may be we can come up with some other solution later on to dredge the canals :P |
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#530 |
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hazaron ke anna
Join Date: May 2008
Posts: 9,999
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![]() Looking at the height I think a boat with dredging equipment (a pump) can move below easily. Other problem is how to carry out maintenance works of solar panels as reported by one of news reports below. Gujarat gets world's first canal-top solar plant Modi to inaugurate world's first canal-top solar plant in Gujarat How Gujarat canal is turning into a powerhouse Canal solar power State pulls off rare feat in reaping Sun, saving water A solar canal rises in India Gujarat launches 1 MW solar power project today
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Davanagere, the future capital of Karnataka ... Builders of Mangaluru & Udupi... Green Building... Energy... Environment... Wildlife & Marinelife... Last edited by Krishnamoorthy K; April 24th, 2012 at 06:51 AM. |
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#531 |
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Join Date: Oct 2011
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I'm not sure whether a dredging equipment can go beneath this. But, it would be possible to dismantle, dredge and assemble back.
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#532 |
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Registered User
Join Date: Oct 2011
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ADB to provide $103 million loan to R- Power for 100MW CSP plant in Rajasthan
In a move to boost private investment in renewable energy sector, multilateral lending agency the Asian Development Bank (ADB) has decided to provide a loan of $103 million to Reliance Power Ltd. for setting up a 100-MW solar plant in Jaisalmer district of Rajasthan. Reliance is setting up one of the largest solar plants in India, and the loan marks ADB’s first-ever financing for a concentrating solar power (CSP) project. . The plant will be located near the village of Dhursar in the Jaisalmer district, 180 kilometers west of the city of Jodhpur. The site has one of the highest levels of direct sunlight in the country. The plant, which is expected to be completed in May 2013, will cost around $415 million to build. As well as ADB’s loan, other bilateral agencies and local commercial lenders will provide funds. It will be the first thermal solar energy plant built by Reliance Power, a listed company of the Reliance ADA Group. The plant will avoid more than 250,000 metric tons of carbon dioxide emissions every year, compared to the energy produced by a conventional fossil fuel plant. The project will share a transmission line with the adjacent Dahanu solar power plant, a 40-MW solar photovoltaic plant also partly financed by ADB. Speaking about the support, Michael Barrow, Director in ADB’s Private Sector Operations Department, said, “This 100-MW plant will help meet growing energy demand in India, in a way that avoids emission of harmful greenhouse gases. We hope that the success of this project will spur others to invest in the solar energy sector, which has massive potential in India.” ADB is supporting the development of solar energy in developing Asia as part of its goal of promoting environmentally sustainable economic growth. Under its Asia Solar Energy Initiative, announced in May 2010, ADB aims to commission or support 3,000 MW of solar power capacity in developing member countries by May 2013. |
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#533 |
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Registered User
Join Date: Oct 2011
Posts: 772
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Solar power project in Maharashtra cleared, says official
The world’s largest solar power project is expected to see the light of the day in Maharashtra, as the ministry of environment and forest (MoEF) has finally issued clearance for its construction. According to a state government official, the MoEF has provided green signal to the proposed125 MW Solar PV Project at Dhule. The project, which is a part of a larger 150 MW solar power project is entirely financed by the Maharashtra government, with around 80 per cent of the project cost loaned from German development bank KfW. In May 2011, the Maharashtra Government had cleared the proposal of the State power generation company, Mahagenco, to set up this solar project at Dhule. However, this project, touted as the world’s largest consolidated solar power project, hit an obstacle in September 2011 regarding the allocation of land. The state officials in the environment ministry were of the opinion that a portion of the land marked for construction of the plant was classified as a forest land, thereby stalling the clearance. The ministry said that the forest land couldn’t be readily allocated for industrial development. However, now this marquee solar project, which showcases the Maharashtra government’s commitments towards renewable energy, has passed the clearance obstacle. “We just got the forest clearance, and we expect it to be commissioned by November,” informed G.J. Girase, director (finance), Maharashtra State Power Generation Co. Ltd. He said that this matter was brought to the notice of the Central government, as it was basically a bare land and fit for the solar project. The Dhule project is the first of a series of solar projects greater than a capacity of 100 MW to come up in India, as majority of the solar power plants till date are below 40 MW. India has an ambitious target of installing 20,000 MW of solar power under the Jawaharlal Nehru National Solar Mission (JNNSM), and the projects like the one coming up in Dhule would help to reach the goal in a more strategic way. Dont know why this is called the largest...
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#534 |
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Registered User
Join Date: Mar 2005
Location: Pittsburgh/Bombay
Posts: 508
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India sparks solar energy market.
http://economictimes.indiatimes.com/...w/12878452.cms India's ambitious national solar programme has catalysed rapid growth in the solar market driving solar energy prices low and demonstrating how government policy can stimulate clean energy markets, according to a new report. In only two years, competitive bidding under India's National Solar Mission drove prices for grid-connected solar energy to nearly the price of electricity from fossil fuels, said the report released here Wednesday by the Natural Resources Defence Council (NRDC) and the Council on Energy, Environment and Water (CEEW). During that same period, cumulative installed solar capacity in India surged from 17.8 MW to over 500 MW, as discussed in "Laying the Foundation for a Bright Future: Assessing Progress Under Phase 1 of India's National Solar Mission." "As the world's second-fastest growing economy, India has sparked a powerful solar market in only two years," said Anjali Jaiswal, senior attorney for the India Initiative of NRDC, a US headquartered international nonprofit environmental organization. "While the National Solar Mission still faces significant hurdles, India has already made important strides to attract new domestic and international players into the market, and lower the price of solar energy faster than most anticipated." The report from NRDC and CEEW provides recommendations to aid the Indian government, private sector and other stakeholders in overcoming obstacles to achieving the Mission's goal of 20 GW of installed solar capacity by 2022, equivalent in energy capacity to 40 mid-sized coal-fired power plants. These include encouraging financing, boosting domestic manufacturing, and creating a conducive environment. "As nations race to become clean energy leaders, governments around the world will be closely following the progress of India's National Solar Mission," said Dr. Arunabha Ghosh, CEO for the CEEW, an independent think-tank based in New Delhi.
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Albert Einstein:We owe a lot to the Indians who taught us how to count, without which no worthwhile scientific discovery could have been made. Mark Twain:India is the cradle of the human race, the birth place of human speech, the mother of history, the grand mother of legend and the great grand mother of tradition. Romain Rolland: If there is one place on the face of earth where all dreams of living men have found a home from the very earliest days, when man began the dream of existence, it is India. |
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#535 | |
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In the brig
Join Date: Jan 2012
Posts: 5,812
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A solar cap that keeps the heat away
http://www.ndtv.com/video/player/new...me-simplysouth Quote:
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#536 |
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Registered User
Join Date: Oct 2011
Posts: 772
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Jawaharlal Nehru National Solar Mission: Status report
The first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) is scheduled to be completed by 2013 only. However, as per progress available so far all the application segments of the Mission are going on as scheduled and on target, according to the Minister of New and Renewable Energy, Dr. Farooq Abdullah, in a written reply to a question in Lok Sabha. Projects sanctioned under the Phase-I of the JNNSM: Projects under Migration Scheme (84 MW-Solar PV – 54MW, Solar Thermal – 30 MW) Projects under New Project Scheme (Batch-I) (Solar PV- 150 MW, Solar Thermal- 470 MW) Projects under New Projects Scheme (Batch-II) (Solar PV- 350 MW) Projects under Roof top PV and Small Solar Power Generation Programme (RPSSGP) – 98.05 MW Out of the above, PPA’s were signed with 21 selected bidders for 27 Solar Power projects (340 MW) by 27th January, 2012. Projects under Roof top PV and Small Solar Power Generation Programme (RPSSGP) – 98.05 MW Projects under Batch-II, Phase-I: Solar PV Projects (340 MW) scheduled to be commissioned in 13 months from the date of signing of PPA (i.e. Feb, 2013) Out of total 78 sanctioned Projects 11 Projects are to be commissioned by June, 2012. The guidelines that deal with the import of solar modules for Phase-I are specified as under: Batch-I: For Solar PV Projects, it is mandatory for Projects based on crystalline silicon technology to use the modules manufactured in India. Batch-II: For Solar PV Projects to be selected in second batch, it will be mandatory for all the projects to use cells and modules manufactured in India. PV Modules made from thin film technologies or concentrator PV cells may be sourced from any country, provided the technical qualification criterion is fully met. All the Developers using Crystalline Silicon technology have confirmed compliance of domestic content clause. Following allegations in a section of the media about violation of guidelines by some companies, the Ministry has set up an inquiry committee. The committee comprises representatives from the Ministries of New & Renewable Energy, Power and Corporate Affairs. The inquiry committee is yet to submit its final report. |
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#537 |
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ВANNED
Join Date: Nov 2009
Location: Chennai
Posts: 8,752
Likes (Received): 1315
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#538 |
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ВANNED
Join Date: Nov 2009
Location: Chennai
Posts: 8,752
Likes (Received): 1315
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Installed Wind power by States - Little old(~2010)
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#539 |
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ВANNED
Join Date: Nov 2009
Location: Chennai
Posts: 8,752
Likes (Received): 1315
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Installed Wind power - World
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#540 |
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Registered User
Join Date: Oct 2011
Posts: 772
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India has huge rooftop solar capacity; Jharkhand tops the list
The state of Jharkhand tops the list of states with rooftop solar capacity with 16 MW under its belt followed by Rajasthan with 12 MW and Andhra Pradesh with 10.5 MW, according to Union Minister for New and Renewable Energy (MNRE), Dr. Farooq Abdullah. ![]() Dr. Abdullah informed the Parliament last week that India has 98.05 MW of rooftop solar capacity coming up. He said that of the 98.05-MW spread across 78 projects, 58.05 MW has been commissioned, while the rest are under way. With the launch of the Jawaharlal Nehru National Solar Mission (JNNSM), the country has embarked upon an aggressive plan to harness power from sun with a target of installing 20,000 MW of solar power by 2022. A number of mega watt capacity solar photovolataic (PV) and solar concentrated thermal (CSP) power plants are coming up across the country. However, a number of experts are of the opinion that rooftop solar installations have massive scope to ease out the load on the grid and also avoid transmission and distribution losses. As a result there is need to harness maximum energy through rooftop solar power installations which abounds in the country. Dr. Abdullah informed the House that the National Solar Mission programme was on track, and as of yet around 125 MW of solar PV capacity has been commissioned, apart from 46 MW of ‘migration project’, or projects that were conceived prior to the announcement of the Mission under various other schemes, but were allowed to ‘migrate’ into the scheme later. The country has also commissioned CSP plants with Reliance Power constructing India’s largest CSP plant in Rasjasthan. |
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