GLG News by Thermal Coal Experts

Himadri BanerjiChairman and Managing DirectorEcoUrja

Even Solar PV Firms Like Suntech Passing Through Tough Times in 2009

August 26, 2009

Analysis of:Suntech selling solar panels in US 'below production cost' | www.rechargenews.com

Decrease in shipments and “a rapid decrease” in the price of PV products, increasing inventory, has led Chinese solar giant Suntech Power in selling solar photovoltaic (PV) panels in the US below its costs for materials, assembly and shipping, according to the company’s founder and chief executive, Shi Zhengrong. The company plans to freeze capacity expansion during 2009 until the credit market improves. The majority of its capital expenditures will be spent retrofitting existing facilities.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Will BioSolar BioBackSheet Trip Dupont's Tedlar As PV Turns Around.

August 25, 2009

Analysis of:DuPont to Invest $120 Million to Increase Capacity for Tedlar(R) Photovoltaic Module Materials | www.yourpetrochemicalnews.com

Dupont expects that the rapid growth of the global solar market will increase the demand for Tedlar used as back sheet for solar panels, and other new materials that increase the efficiency of solar cells and modules. The company anticipates over $1 billion in overall sales of its solar products by 2012. Thus company has announced that it will invest US $120 million for a multi-phase production expansion of its Tedlar polyvinyl fluoride product line, increasing production capacity by 50%.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Reservoir Capital's Gateway to Bosnia-Herzegovina From Lim, Drina to Neretvain?

August 25, 2009

Analysis of:Reservoir Opens Subsidiary to Evaluate Hydro-Power Opportunities in Bosnia | www.yourindustrynews.com

Reservoir Capital Corp. a Southeast Europe focused run-of-river hydroelectric developer working in Serbia and Bosnia has opened a branch office for its wholly-owned subsidiary in Bosnia and Herzegovina. The Company, ardently exploring new hydro projects, is currently conducting pre-feasibility studies on two hydroelectric projects totaling 48MW on the River Lim in southwest Serbia a welcome development as Bosnia seeks foreign investment to build power generation and transmission facilities.

Himadri BanerjiChairman and Managing DirectorEcoUrja

China Long Marches Towards 100 Gigs of Wind Power:Three Gorges Revisited?

August 25, 2009

Analysis of:China’s Huge Wind Initiative | www.windenergynews.com

It is reported that China, the world's second-largest energy user, has said it would bring its total wind power capacity to 100 GW by 2020 from the current 12 GW, part of a broad energy target to generate 3 percent of total electricity from non-hydro renewable energy. To that end, the National Energy Administration (NEA) has planned six 10GW-level wind power bases in areas rich in wind resources such as Inner Mongolia, Gansu, Xinjiang, Hebei and Jiangsu.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Quiet Burial for Climate Change: Vestas Closes Isle of Wight Plant in Britain.

August 14, 2009

Analysis of:Even the Isle of Wight wants Miliband to buck the market | www.guardian.co.uk

It is reported in the Guardian UK that Vestas has finally closed down the wind turbine manufacturing plant in the Isle of Wight in UK after the UK government refused to take steps for revival or sustainence through bailout or nationalization. The plant was designed to produce wind turbines for the burgeoning US market, and considering that manufacturing facilities have already been established in US and the UK plant was imposing huge cost burden on operations closure was only options left.

Himadri BanerjiChairman and Managing DirectorEcoUrja

EU Must Insist On Making Renewable in Portfolio while Swapping.

August 3, 2009

Analysis of:E.ON and GDF SUEZ Finalise Their Swap of Generation Capacity in Europe | www.oilvoice.com

It is reported that E.On and GDF, both European utilities have swapped generation capacities in Belgium and Germany, respecting commitment to the European Commission to bring down the generating assets in their respective countries with the objective of increasing competition in the integrated markets. While GDF SUEZ is surely to be commended for lowering its carbon footprint, in the deal, while  E.On on the other hand face tough questions to answer to the environmentalists.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Bad Tidings for Wind Power Companies:Suzlon Sees Red Post Blade Breakage

August 3, 2009

Analysis of:Suzlon Declines After Reporting First-Quarter Loss. | www.bloomberg.com

Suzlon Energy has reported a net loss of Rs 462 crore (ninety five dollars) on a consolidated basis (with RE Power's) for the first quarter ended June 30, compared with a Rs 52-crore profit in the corresponding period last year. Suzlon lost sales last year after blades cracked and customers in the U.S. canceled orders. Replacements will be completed in mid-August, two months behind schedule. Volume sales during the quarter were lower, and order are unlikely to improve next quarter.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Dear President 3 to 6 % RES by 2012 Is Simply Not Our Pioneer Gold Rush

July 26, 2009

Analysis of:RENEWABLE ELECTRICITY STANDARD WON’T CREATE JOBS UNLESS STRENGTHENED | www.awea.org

United States, in comparison to China, India and even South Korea seems to have considerable catching up to do in planning, designing the RES, implementing a much stronger renewable energy program, which would besides meeting the quadrant objectives of capping carbon emissions and pricing carbon; implementing a renewable energy standard and a smart grid; setting energy efficiency standards; funding focused research and development.

Himadri BanerjiChairman and Managing DirectorEcoUrja

The Final Frontiers:India's Nuclear Renaissance

July 25, 2009

Analysis of:Muddy policy hurdle faces India-U.S. nuclear deal | www.xe.com

As per a Reuters article published in xe.com, Westinghouse, subsidiary of Toshiba Corp., and GE who have a strategic partnership with Hitachi to jointly execute nuclear energy projects worldwide, would need a nod from Tokyo for their reactor business in India. The deal, which could unlock an estimated $27 billion nuclear market in India over the next 15 years, faces hurdles and issues like accident liability protection for U.S. firms.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Future of Nuclear Power Tariffs:Price Uncertainty of New Generation Reactors

July 24, 2009

Analysis of:Turnkey Nuclear Power Plant EPC Agreements: The Case for Price Certainty | pepei.pennnet.com

As per the author of an article appearing in the Power Engineering International, the new generation nuclear reactors for power plants which are currently under development will hit the markets surely with price uncertainty, considering the changes which may have to be brought in under supervision of the nuclear regulatory commissions as designs get finalized.

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