Library filed under Impact on Economy from Asia

Towards affordable renewable energy

The problem is that the cost-plus tariff system rewards the most corrupt and inefficient proponents. The average is computed on the phony cost claims of such parties and becomes the order of the day. In Wind Power, this factor has come to pervade more so than in other cases. As a result, there is a huge difference between Wind Tariff in Pakistan and almost anywhere. ...The problem is that local professionals are themselves involved in the scam. Who would hire them, if they do not collaborate in the scam? ...What happens is that only the vested interest remains in the tariff award process. Third-party comments (interventions minus stamp paper) remain as a free advice to which nobody is obliged to respond.
27 Apr 2014

Analysis: High costs keep Japan focus on nuclear

Japan's commitment to restarting many of its 50 idled reactors appears stronger than ever, a year after a previous government said it would begin to phase out nuclear power completely. Prime Minister Shinzo Abe, who took office in December, says nuclear power remains essential, even with a surge in generation capacity from solar, wind and other renewable sources, and that the world's No. 3 economy cannot afford the mounting costs from importing gas and oil.
15 Sep 2013

Windfarm battle shifts from Europe, China

European and Chinese wind turbine makers are poised to do battle away from their domestic markets as the focus in the 60 billion euro ($85.6 billion) industry shifts to North America, Brazil and India. Hit by overcapacity and plunging prices in Europe and China's saturated markets, manufacturers of wind turbines are under pressure to find new areas of growth to boost single-digit profit margins.
23 Jul 2013

Weak carbon credit prices drag on wind power prospects

Unless advanced economies adopt more ambitious reduction targets and are willing to use CDM to fulfill them, demand for carbon credits cannot easily recover. But uncertain economic and industrial production outlook in developed economies and a huge oversupply of carbon credits do not bode well for the market.
11 Mar 2013

Proposal to hike wind energy costs upsets Mahavitaran

Mahavitaran is opposing the "irrational" pricing of wind energy on various grounds. Unlike solar energy there hasn't been any breakthrough technology. For a stagnant technology the MERC is proposing a tariff range of Rs. 3.86 per unit to Rs. 5.80 ...The Maharashtra State Electricity Distribution Company Limited (MSEDCL) or Mahavitaran says it cannot accept the high cost of wind energy and is against passing on that cost to consumers.
17 Feb 2013

Wind turbines: A blow for China

After the government set targets five years ago for renewable energy to make up a sixth of the country's power by 2020, nearly 100 manufacturers piled in. Now that the market is cooling, competition is starting to bite. Newly added wind power capacity fell for the first time last year, by 5 per cent, and is set to decline more sharply in 2012.
5 Mar 2012

4 U.S. makers of towers for wind turbines file complaint over China's steel subsidies

At Katana Summit, Kevin L. Strudthoff, the president and chief executive, said that his industry's problem was probably similar to the situation of the domestic solar panel industry. In fact, the American wind industry is also subsidized, mostly through a production tax credit, but by all accounts the scale of Chinese subsidies is far larger.
30 Dec 2011

Suzlon Energy Reports Loss

Suzlon Energy Ltd. of India swung to net loss in its fiscal third quarter, hurt by rising costs and a provision to conduct repair work at the wind-turbine maker's overseas plants. Chairman and Managing Director Tulsi Tanti said the global credit crunch is likely to hit sales growth in the wind-energy sector, which had a compounded annual growth rate of more than 34% over the past five years.
1 Feb 2009

Blade retrofitting, forex losses hit firm

Damaged rotor blades and forex losses caused the world's fifth-largest wind turbine maker Suzlon Energy post a consolidated net loss of Rs 34.90 crore for the quarter ended December 2008 against a Rs 142.8 crore profit in the corresponding previous quarter. ...Cracks were detected in 170 of the 1,250 blades for 400 turbines of the S88 V2 model supplied by Suzlon in 2007 to two of its major clients in the US -- Edison International and John Deere.
30 Jan 2009
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