The global photovoltaic (PV) market, after experiencing a slow period this year, is expected to double within the next five years, reaching US$48 billion. Wafer-based silicon will continue as the dominant technology, but amorphous thin-film and cadmium telluride (CdTe) technologies will gain ground, and are expected to account for a combined 22% of the market by 2014, according to a major new study by IntertechPira.
The Future of Global Photovoltaics Markets provides detailed five-year forecasts of the PV market by technology, application and geographic region. It also addresses financial incentives, such as subsidies, feed-in tariffs and purchase power agreements and their effect on the development of the PV industry.
This new study provides volume and value forecasts to 2014 for major PV technologies, such as crystalline silicon, amorphous thin-film, CdTe, and CIS/CIGS (copper indium diselenide/copper indium gallium diselenide). It also provides forecasts for PV in on-grid and off-grid (such as building-integrated) applications and identifies regional growth opportunities.
A key focus of the study is the market outlook for pivotal PV-adopting regions such as Spain, Germany, Italy, France, Japan, and the US and how the investment and regulatory climate in these regions is likely to affect overall industry growth and widespread acceptance of PV.
"The mid to long-term, prospects for the solar industry are positive," explains Publisher Adam Page "the subsidy models, which started in Japan and then Germany, have spread to increasing numbers of countries, and in many cases are starting to have significant impact on domestic market
take-up of PV."
The Future of Global Photovoltaics Markets is based on interviews with executives in a cross-section of companies that supply raw materials, cells and modules as well as those that provide system integration services. It is also based on extensive analyses of published literature and in-house
data built up from years of gathering information developed from conducting market research and technology studies as well as executive-level conferences for the PV industry.
The study provides in-depth quantitative data and analyses of the PV industry, including growth forecasts to 2014 broken down by technology, end-use application and region. This report is comprehensive in that it addresses silicon-based PV cells as well as emerging PV technologies and details the most significant market and technology drivers along the PV supply chain. The study is designed to help those in the photovoltaics business meet today's challenges and target key sectors.
The Future of Global Photovoltaics Markets is available from July 2009. For further information, please visit http://www.intertechpira.com.
Source: the research company’s site and Global Solar technology
Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts
Monday, August 3, 2009
Friday, July 31, 2009
SolarCity introduces solar lease to customers of nation's largest municipal
SolarCity® today announced the availability of its award-winning solar leasing option (SolarLeaseT) to customers of Los Angeles Department of Water and Power (LADWP), the nation's largest municipal utility. SolarCity's lease combines with LADWP's generous solar rebates, among the
highest of any U.S. utility, to make solar power as affordable for Los Angeles homeowners as anywhere in the nation. A SolarCity solar lease of a 4-kilowatt solar system, appropriate for a typical 3-bedroom home in Los Angeles, would start at $55 per month, with no money down, on approved
credit.
LADWP provides more than 1.4 million customers in the Los Angeles area with electricity. Erik Solter, a homeowner in Canoga Park in the San Fernando Valley, is among the first group of LADWP customers to sign up for SolarLease. "I've always wanted to be greener but I've been waiting for an
option that makes financial sense," says Solter. "With SolarCity's SolarLease I can adopt solar power for less than I used to pay for electricity and help LADWP conserve energy."
SolarCity's solar leasing option for LADWP customers is a 20-year lease with fixed monthly payments for the life of the lease, so savings increase over time if electricity rates rise. The first month's payment is due when the system is turned on. SolarCity's lease option includes financing,
design, installation, a performance guarantee, the company's Web-based SolarGuardT monitoring service, and repair service.
"LADWP and Mayor Villaraigosa are continually working to increase the use of solar power in Los Angeles," said Lyndon Rive, CEO of SolarCity. "More than 1,000 LADWP customers have already inquired about our solar lease option, and we're hiring 25 new installers in the Los Angeles area to help meet the demand."
LADWP customers interested in SolarCity's new lease option can estimate their solar lease payment and potential electricity savings online by using SolarCity's solar calculator, available at www.solarcity.com. The solar calculator incorporates information about LADWP rates, incentives, local weather and solar production to create a customized estimate for each customer.
Source: Global Solar Technology
highest of any U.S. utility, to make solar power as affordable for Los Angeles homeowners as anywhere in the nation. A SolarCity solar lease of a 4-kilowatt solar system, appropriate for a typical 3-bedroom home in Los Angeles, would start at $55 per month, with no money down, on approved
credit.
LADWP provides more than 1.4 million customers in the Los Angeles area with electricity. Erik Solter, a homeowner in Canoga Park in the San Fernando Valley, is among the first group of LADWP customers to sign up for SolarLease. "I've always wanted to be greener but I've been waiting for an
option that makes financial sense," says Solter. "With SolarCity's SolarLease I can adopt solar power for less than I used to pay for electricity and help LADWP conserve energy."
SolarCity's solar leasing option for LADWP customers is a 20-year lease with fixed monthly payments for the life of the lease, so savings increase over time if electricity rates rise. The first month's payment is due when the system is turned on. SolarCity's lease option includes financing,
design, installation, a performance guarantee, the company's Web-based SolarGuardT monitoring service, and repair service.
"LADWP and Mayor Villaraigosa are continually working to increase the use of solar power in Los Angeles," said Lyndon Rive, CEO of SolarCity. "More than 1,000 LADWP customers have already inquired about our solar lease option, and we're hiring 25 new installers in the Los Angeles area to help meet the demand."
LADWP customers interested in SolarCity's new lease option can estimate their solar lease payment and potential electricity savings online by using SolarCity's solar calculator, available at www.solarcity.com. The solar calculator incorporates information about LADWP rates, incentives, local weather and solar production to create a customized estimate for each customer.
Source: Global Solar Technology
Thursday, July 23, 2009
CERC to take up renewable energy tariff, clean tech sharing today
Sanjay Jog
Mumbai: The Central Electricity regulatory Commission (CERC) will hold hearing on Wednesday on the renewable energy tariff and CDM sharing. CERC’s move is crucial as it has prepared regulations for the tariff determination from renewable energy sources to be transported to more than one state and they were circulated for seeking objections and suggestions. At present, about 14,000 mw of renewable energy is installed in the country comprising 10,000 mw of wind power mostly confined to Tamil Nadu and Rajasthan. About 4,000 capacity of micro hydel, cogeneration, solar and biomass are situated in various parts of the country.
According to CERC sources, the tariff for renewable energy technologies would be single part tariff consisting of fixed cost components that include return on equity; interest on loan capital; depreciation; interest on working capital and operation and maintenance expenses. The normative capital cost for the non-fossil fuel based cogeneration projects would be Rs 4.45 crore per mega watt for the first year of control period (FY 2009-10). The normative capital cost for setting up solar thermal power project would be Rs 13 crore per mega watt for FY 2009-10.
CERC’s draft says the proceeds of carbon credit from approved CDM project will be shared between generating company and concerned off-taker in the following manner, namely: 100% of the gross proceeds on account of CDM benefit to be retained by the project developer in the first year after the date of commercial operation of the generating station. Further, in the second year, the share of the beneficiaries shall be 10% which shall be progressively increased by 10% every year till it reaches 50%, where after the proceeds shall be shared in equal proportion, by the generating company and the beneficiaries. CERC has laid down draft notification for determining tariff for renewable energy which would be transported to more than one state.
However, industry sources admitted that CDM sharing is one of vital issue. DR Energy director D Radhakrishna told FE, “This is first United Nation project which is inviting direct private party participation for environmental benefits. States or for that matter discoms have no role to play in getting technological transfer or financial transfer as beneficiaries are directly negotiating CDM benefits. Also, CDM benefit is not only confined to electricity sector but also with agriculture sector and forest sector besides stand alone generator who are using it for self. Thus additionality of business need to be given to beneficiary. The Centre is already getting IT for this additional revenue. Thus, it will be wrong precedence to set up such example for other sectors.”
Moreover, industry sources said renewable energy obligations as laid down by CERC are state specific and is quite difficult for renewable energy promoters to function. “For instance, if biomass of 50 km area are falling between two states then same biomass is used but rates differ state to state. Take for example, biomass production at Gondia which is in Maharastra—if some one wants to generate power then for him the best choice will be Madhya Pradesh as they give better tariff than surrounding states of Chattisgarh and Maharastra. Similarly at Karnataka border where open access for sugar mills are allowed and sugar plant owners located at adjoining states of Maharastra and Andhra Pradesh get lower rates for Baggase by respective regulatory commissions,” he said.
Source: The Financial Express
Mumbai: The Central Electricity regulatory Commission (CERC) will hold hearing on Wednesday on the renewable energy tariff and CDM sharing. CERC’s move is crucial as it has prepared regulations for the tariff determination from renewable energy sources to be transported to more than one state and they were circulated for seeking objections and suggestions. At present, about 14,000 mw of renewable energy is installed in the country comprising 10,000 mw of wind power mostly confined to Tamil Nadu and Rajasthan. About 4,000 capacity of micro hydel, cogeneration, solar and biomass are situated in various parts of the country.
According to CERC sources, the tariff for renewable energy technologies would be single part tariff consisting of fixed cost components that include return on equity; interest on loan capital; depreciation; interest on working capital and operation and maintenance expenses. The normative capital cost for the non-fossil fuel based cogeneration projects would be Rs 4.45 crore per mega watt for the first year of control period (FY 2009-10). The normative capital cost for setting up solar thermal power project would be Rs 13 crore per mega watt for FY 2009-10.
CERC’s draft says the proceeds of carbon credit from approved CDM project will be shared between generating company and concerned off-taker in the following manner, namely: 100% of the gross proceeds on account of CDM benefit to be retained by the project developer in the first year after the date of commercial operation of the generating station. Further, in the second year, the share of the beneficiaries shall be 10% which shall be progressively increased by 10% every year till it reaches 50%, where after the proceeds shall be shared in equal proportion, by the generating company and the beneficiaries. CERC has laid down draft notification for determining tariff for renewable energy which would be transported to more than one state.
However, industry sources admitted that CDM sharing is one of vital issue. DR Energy director D Radhakrishna told FE, “This is first United Nation project which is inviting direct private party participation for environmental benefits. States or for that matter discoms have no role to play in getting technological transfer or financial transfer as beneficiaries are directly negotiating CDM benefits. Also, CDM benefit is not only confined to electricity sector but also with agriculture sector and forest sector besides stand alone generator who are using it for self. Thus additionality of business need to be given to beneficiary. The Centre is already getting IT for this additional revenue. Thus, it will be wrong precedence to set up such example for other sectors.”
Moreover, industry sources said renewable energy obligations as laid down by CERC are state specific and is quite difficult for renewable energy promoters to function. “For instance, if biomass of 50 km area are falling between two states then same biomass is used but rates differ state to state. Take for example, biomass production at Gondia which is in Maharastra—if some one wants to generate power then for him the best choice will be Madhya Pradesh as they give better tariff than surrounding states of Chattisgarh and Maharastra. Similarly at Karnataka border where open access for sugar mills are allowed and sugar plant owners located at adjoining states of Maharastra and Andhra Pradesh get lower rates for Baggase by respective regulatory commissions,” he said.
Source: The Financial Express
Wednesday, July 1, 2009
ADB Deems Clean Energy Projects as Risky
The thrust to create so-called “clean” energy projects is hampered by poor financial risk perception, need for big capital investments and policies that still favor conventional sources of energy, an official of the Asian Development Bank (ADB) recently announced.
Stating at the Asia Clean Energy Forum at the ADB headquarters this week, Private Sector Operations Department Director-General Philip Erquiaga said these three impediments are what the bank will take into consideration drafting a new energy policy.
Mr. Erquiaga explained the perception of risk is because of the view regarding clean energy technology is “experimental,” creating it financially risky as an investment.
Rizal Commercial Banking Corp. Senior Vice-President for financial markets Marcelo E. Ayes agreed, evaluating that “many of the companies producing this technology are start-up and will have difficulty accessing credit because they don’t have a track record.”
Noting further that these projects are “capital-intensive,” Mr. Ayes stated the “risk is huge without certain profit even in the long term.”
He said that a well-designed feasibility study and a guarantee by the government, ADB or the World Bank are few of the factors that could better risk perception.
Energy Assistant Secretary Mario C. Marasigan, chief of the Renewable Energy Bureau, stated the government has addressed the concern over policy drawbacks, citing Republic Act 9513, or the Renewable Energy Act of 2008, which provides fiscal and non-fiscal incentives for renewable energy investors, involving tax credits on domestic capital equipment and services, special tax rates on equipment and machinery, amidst others.
This will bring down the price of technology and make ‘clean,’ renewable energy competitive with conventional energy. The law is a clear indicator that this government prioritizes renewable energy.
Source : Energy Business Daily
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