General and Asia
Sinovel's rapid growth has been accompanied by a decline in market share ...shares of Sinovel now sell for 50% of the price they fetched when the dispute with AMSC became public; the company enters this year under financial pressure; this pressure has necessitated Sinovel to return to financial markets to supplement its working capital, despite a blockbuster IPO in 2011.
“I want to say a word of caution here. I know the excitement [over renewable energy or alternative energy] but it’s not the only solution. Practically, alternative energy would not alter fossil fuel use,” said Medabalmi.
He said it is important to note that “the existing power grid will never be completely replaced in the foreseeable future.”
As such, he said that, although focus is given on the options presented by alternative energy, the focus must also remain on the stability and reliability of the existing infrastructure.
Li Qinghai, an engineer with the Water Statistics Bureau in Xilingol League, said the precipitation data collected by the bureau showed that adjacent to big wind farms there was an obvious decline in annual rainfall since 2005 - in some areas by as much as 80 per cent. "The issue is often overlooked as much of Inner Mongolia is suffering an unprecedented drought," he said. "But after spending more than two decades studying the rise and fall of water levels in the region, I have a strong feeling that the wind turbines are playing a disruptive, if not destructive, role in this, because the droughts in these areas developed much faster than in the turbine-free regions."
FARIDABAD, India -- Indians know better than to eat the plum-sized fruit of the wild jatropha bush. It's poisonous enough to kill.
Most experts also believe that, using current technologies, there isn't enough land to make a serious dent in oil consumption. Some scientists say production will consume more conventional energy than it will save, and environmentalists came out this month against plans by Indonesia to convert millions of acres of rain forest on the island of Borneo into palm oil plantations.
Domestic power majors Suzlon Energy and Tata Power, which have renewable energy projects in Australia, will benefit as that country is implementing a law to ensure 20 per cent of the country's electricity comes from renewable sources by 2020.
Sources said the expanded Renewable Energy Target (RET) Bill will be enacted as a law by the Australian Parliament in a few days and will come into force by September 2009.