Cleantech. abc. Alternative Energy Team
|
|
- Beverley Preston
- 5 years ago
- Views:
Transcription
1 Alternative Energy Team Jenny Cosgrove*, CFA Head of Utilities and Alternative Energy, Asia-Pacific The Hongkong and Shanghai Banking Corporation Limited Gloria Ho*, CFA Analyst The Hongkong and Shanghai Banking Corporation Limited Summer Huang* Associate The Hongkong and Shanghai Banking Corporation Limited *Employed by a non-us affiliate of HSBC Securities (USA) Inc, and is not registered/qualified pursuant to FINRA regulations 1
2 2 Sector structure Solar Wind Asia-Pacific Equity Research Upstream Developer Upstream Developer GCL-Poly Huaneng Renewable Xinjiang Goldwind Huaneng Renewable OCI Datang Renewable China Ming Yang Power Datang Renewable Trina Solar China Wind Power Sinovel China Wind Power Suntech Power China Longyuan Power Group Suzlon China Longyuan Power Group LDK Solar China Guangdong Nuclear Power Group United Power Yingli Green Energy Motech Industries Gintech Energy Source: HSBC
3 Sector price history: MSCI Global Alternative Energy Index price history (August 2009 June 2012) 140 The decline is in line with 120 the drop in average selling prices thorough out the solar value chain (from 100 polysilicon to modules) Asia-Pacific Equity Research Index value Aug-2009 Nov-2009 Feb-2010 May-2010 Aug-2010 Nov-2010 Feb-2011 May-2011 Aug-2011 Nov-2011 Feb-2012 May-2012 Source: MSCI, Bloomberg 3
4 Sector description Solar The sector comprises manufacturers along the value chain of solar PV system (mainly modules and inverters) and solar farm developers who are the end users of the solar products. Currently solar modules are manufactured using two technologies, crystalline and thin-film. The crystalline technology involves casting or drawing molten silicon (semiconductor) into silicon ingots, then cutting it into wafers and further processing it into modules. Thin-film consists of depositing photovoltaic material (e.g. CdTe, CIGS) on a substrate such as glass. The crystalline technology is dominant because of its higher conversion efficiency from solar irradiation to electricity. Jenny Cosgrove*, CFA Head of Utilities and Alternative Energy, Asia-Pacific The Hongkong and Shanghai Banking Corporation Limited jennycosgrove@hsbc.com.hk *Employed by a non-us affiliate of HSBC Securities (USA) Inc, and is not registered/ qualified pursuant to FINRA regulations The solar PV system (crystalline technology) manufacturing value chain begins with polysilicon, then wafers, cells and modules, with inverters as peripheral devices. Key players for polysilicon in Asia includes GCL-Poly, OCI and LDK. Many of the companies have achieved vertical integration along the wafer to module chain. Notable global leading companies include Yingli Green Energy, Trina Solar, Suntech Power, and LDK. Thin film players include Sharp, Kyocera, and Trony Solar. Solar farm developers are only beginning to emerge in Asia, mainly in China where solar installations are growing from a low base. Major players at this stage are China Guangdong Nuclear Power Group, China Wind Power and the renewable energy arms of the Chinese independent power producers such as China Longyuan Power Group, Huaneng Renewables, and Datang Renewables. Wind The sector comprises manufacturers of wind turbines and wind farm developers. Similar to the solar sectors, wind farm operators in Asia are the renewable energy arms of the Chinese independent power producers such as China Longyuan Power Group, Huaneng Renewables, and Datang Renewables, and independent group China Wind Power. Key wind turbine manufacturers in Asia are Xinjiang Goldwind, Sinovel, United Power (a subsidiary of China Guodian Power Group), China Ming Yang Power, and Suzlon, the majority of whom are global top 10 players. Two prevailing wind turbine technologies are direct drive and the traditional gearbox, each with their own merits. Currently the predominant product for most of manufacturers is the 1.5MW turbine. Key themes Solar sector The solar sector in Asia has performed poorly since 3Q11. Large oversupply across the value chain drives down product average selling prices (ASPs) and puts pressure on margins. On the demand side, Europe, China and the US represented 72%, 8% and 6.9% of the global demand in We expect global PV installations to remain flat over FY The European debt crisis has led to feed-in tariff (FIT) cuts in a number of countries, including Germany, Italy and Spain, and also made it more difficult to secure project financing. We expect the oversupply situation to take time to correct and it will require extensive consolidation, with less efficient operators exiting the industry through bankruptcy or halting production. 4
5 We believe the key to survival will be to (1) maintain strong balance sheets, especially in terms of working capital management and leverage; (2) focus on R&D to raise the conversion efficiency of products; (3) seek production cost efficiency to achieve higher margins; and (4) avoid over-expansion of capacity to minimise capital expenditure and preserve cash flow. A more recent industry theme is that large Chinese manufacturers (especially module makers) are actively involved in solar farm development projects, many of which are in the US and Europe. We believe that margins for developing and then selling solar farms are relatively low. Nevertheless, the greatest benefit for the Chinese companies is it guarantees demand for the products (e.g. modules) they manufacture. Wind sector The wind sector is in a similarly difficult situation as the solar sector. Oversupply has seen a sharp decline of turbine prices. FIT cuts have also led to declining global installation demand. In China an additional constraint for wind power has been limited grid connection. As at end of 2011, only about 70% of the installed capacity had been connected to the grid. This is a largely the result of the grid lacking the resources to connect the growing number of wind farms; another factor is that it is more expensive for the state-run grid to acquire wind power than traditional coal-fired power. While Asian wind turbine manufacturers (mainly Chinese companies) face financial challenges to survive the downturn, the future looks brighter. They are looking forward to developing the inter-tidal and eventually the offshore wind market with large turbines (from 2.5MW to 6MW) and expanding overseas through wind farm projects outside Asia. Sector drivers Solar and wind sector Raw material prices: polysilicon for solar and rare earth for wind Polysilicon is the key raw material for the solar sector. In 2011 the polysilicon price dropped from cusd71/kg to USD30/kg. Falling polysilicon prices benefit companies downstream but have also forced many polysilicon manufacturers out of business. Prices continued to drop in 2012 but at a slower rate. Direct drive wind turbine manufacturing requires rare earth materials, including neodymium, praseodymium and dysprosium. From 2011 to mid-2012 rare earth prices rose by between 3.2x and 6.2x, pushing up costs for certain turbine manufacturers. However, rare earth prices started to fall in 4Q11, easing cost pressures. Political environment: Feed-in tariff, renewable energy targets, and anti-dumping tariffs Global demand is dependent on the policies of countries with high installation targets, such as Germany, Italy, the US, and China. A feed-in tariff (FIT) is an incentive provided by the government to solar and wind farms or rooftop solar installation owners. As the cost of solar and wind power generation is still higher than other traditional sources of power (e.g. coal), the FIT is a key consideration as it affects the returns on each project. Many countries are moving towards having a greater proportion of their energy mix generated by renewable energy. The EU has set 20% as its base target by 2020 and China has an 5
6 installation target of 20GW for solar PV power and 100GW for wind power by Different states in the US have different targets. Anti-dumping sentiment is another political concern. In May 2012 the US Department of Commerce hit Chinese solar companies with preliminary punitive import tariffs on modules produced in China or made of Chinese-made cells. Many Chinese companies responded by sourcing cells from other countries for the production of modules outside China. The final ruling is expected in October European solar companies are pursuing similar cases in Europe. In early June 2012, Chinese polysilicon manufacturers jointly filed a trade case with China s Ministry of Commerce against US polysilicon imports. In January-May 2012, more than 40% of China s imported polysilicon was originated from the US. Should an import tariff be imposed on US polysilicon, the Chinese downstream module manufacturers would suffer from higher cost of production. Financing Constructing solar and wind projects, especially for utility scale projects such as solar/wind farms, require large investment outlays. Normally about 80% financing comes from bank borrowings. Financing has become more difficult since the European debt crisis and the higher cost of capital makes solar/wind project returns less attractive. Key segments Solar sector China The Chinese companies have a presence along the value chain, from polysilicon to modules, as well as in inverters. Taiwan Taiwan solar companies are mainly cell manufacturers. Their prices are on average 5-10% higher than cells manufactured in China, a reflection of their quality and efficiency. Valuation We currently adopt a ROE implied PB valuation methodology for our stock coverage. In the solar industry, players are struggling for near-term survival and market share with low or negative earnings and the industry is undergoing heavy consolidation. 6
PV Market Update from China and Look into the Crystal Ball
PV Market Update from China and Look into the Crystal Ball Seminar Solar Energy A Window to the future Penang, Malaysia June 15, 2009 Frank Haugwitz Source: Official Exhibition Catalogue Intersolar 2009
More informationSolar and Climate Policy in China. Dr. Peng Fang CEO & President GCL New Energy, Inc. October 6, 2016
Solar and Climate Policy in China Dr. Peng Fang CEO & President GCL New Energy, Inc. October 6, 2016 Presentation Summary China s climate goals China will lead in global solar installations through 2020
More informationSession: How to be competitive in a globalized market?
Session: How to be competitive in a globalized market? What is the true benefit of the PV industry? An analysis of the value chain Jan Knaack Rio de Janeiro, 09. September 2014 www.renewables-made-in-germany.com
More informationSurviving the Solar Shakeout
Surviving the Solar Shakeout Mort Cohen, MBA RevGen Group Mort.Cohen@RevGenGroup.com Industry in Change Economic Factors Silicon PV module supply far exceeding demand Oversupply creating price pressures
More informationRenewable Energy in China Challenge and Opportunity
Renewable Energy in China Challenge and Opportunity Zheng Xu, Ph.D. CEO and Founder Sierra Solar Power Inc. October 3, 2007 Sierra Solar Power / NASCA Teamwork Environmentalist Entrepreneur Political Climate
More informationRenewable energies in China A market study on the wind and solar energy sectors
Renewable energies in China A market study on the wind and solar energy sectors Beijing. August. 2006 Published by GIC German Industry and Commerce (Taicang) Co., Ltd. Beijing Branch Contents Preface List
More informationTrade Remedies in Green Sectors: the cases of Renewables
Trade Remedies in Green Sectors: the cases of Renewables Han Yong Director, Bureau of Fair Trade for Imp. & Exp. Ministry of Commerce P. R. China April 3-4, 2014 Renewables: trends, problems and prospects
More informationFIRST SOLAR INVESTOR OVERVIEW
FIRST SOLAR INVESTOR OVERVIEW IMPORTANT INFORMATION Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities
More informationChina's Green Growth Strategy: Industry Policy or Green Environment Policy?
China's Green Growth Strategy: Industry Policy or Green Environment Policy? Conférence internationale Débattre de l innovation responsable dans les énergies renouvelables et l architecture» 16 novembre
More informationKEY MARKET FORECASTS: APPLICATIONS: TECHNOLOGIES: GEOGRAPHIES:
Renewable Distributed Energy Generation Distributed Solar Photovoltaics, Small Wind Power, and Stationary Fuel Cells: Demand Drivers and Barriers, Technology Issues, Competitive Landscape, and Global Market
More informationAparna Sawhney. Centre for International Trade and Development, JNU
Aparna Sawhney Centre for International Trade and Development, JNU Global and national policy focus on lowcarbon growth in the run-up to the post- Kyoto negotiations. The multilateral trade negotiation
More informationTrends in Clean Energy Investment
Trends in Clean Energy Investment Madrid 31 st January 212 Guy Turner Director, Bloomberg New Energy Finance /// MICHAEL / / / LIEBREICH / / / SUMMIT / / / KEYNOTE, / / / 5 / APRIL / / 211 / / / 1 CONTENTS
More informationSolar energy for electricity production: Photovoltaics (PV)
Solar energy for electricity production: Photovoltaics (PV) Chiara Candelise Doctoral researcher Imperial Centre for Energy Policy and Technology (ICEPT) Page 1 Energy from the Sun HEAT (Solar thermal
More informationFIRST SOLAR INVESTOR OVERVIEW
FIRST SOLAR INVESTOR OVERVIEW IMPORTANT INFORMATION Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities
More informationSurviving The Shakeout : What Must US Solar Firms Do To Compete?
Surviving The Shakeout : What Must US Solar Firms Do To Compete? Aditya Ranade, Analyst Presented at: SEMI North-East Forum Succeeding in Solar September 28, 2011 Lux Research Helps clients capitalize
More informationWill Solar-Generated Electricity Fulfill Its Promise?
Will Solar-Generated Electricity Fulfill Its Promise? Mort Cohen, MBA RevGen Group Mort.Cohen@RevGenGroup.com Technology Overview Solar Market Crystalline Silicon Thin Film Concentrating PV and Concentrating
More informationWhy China Is Acting on Clean Energy: Successes, Challenges, and Implications
Why China Is Acting on Clean Energy: Successes, Challenges, and Implications Joanna Lewis, Ph.D. Georgetown University Presented at the EESI/WRI Senate Briefing October 12, 2012 China s Clean Energy Achievements
More informationA MARKETING STRATEGY ON PHOTOVOLTAIC MARKET
A MARKETING STRATEGY ON PHOTOVOLTAIC MARKET Coita Dorin Cristian Universitatea din Oradea, Facultatea de tiin e Economice, dcoita@uoradea.ro Abstract: Photovoltaic is an increasingly important energy technology.
More informationChina - Risks From Power Sector Reform
China - Risks From Power Sector Reform BI Electric Utilities, Asia-Pacific Dashboard Joseph Jacobelli BI Senior Industry Analyst Charles Shum BI Associate 1. China Power Sector Reform May Boost Risk to
More informationBETTER SILICON HIGHER EFFICIENCY SILICON FOR SOLAR
BETTER SILICON HIGHER EFFICIENCY SILICON FOR SOLAR May 2010 A. Brisch, T. Park, S. Rohrs, C. Sjogren Silicon Solar PV Technology Challenges Current Silicon Solar technology is less competitive than CdTe
More informationMcKinsey on Electric Power and Natural Gas
McKinsey on Electric Power and Natural Gas Perspectives on electric power and natural gas Number 1, Winter 2008 Pioneers to industrialists: How to grow profitably as the renewables sector matures 3 As
More informationFREQUENTLY ASKED QUESTIONS: STANDALONE PV
FREQUENTLY ASKED QUESTIONS: STANDALONE PV What is Standalone PV? Standalone PV (anything over 250kW) is defined as not attached to a building and not wired to provide electricity to an occupied building.
More informationDOE Solar Energy Technologies Program Accelerating the U.S. Solar Industry
Solar Energy Technologies Program DOE Solar Energy Technologies Program Accelerating the U.S. Solar Industry Southeast Solar Market Update National Conference of State Legislatures Southeast Solar Energy
More informationPhotovoltaic Manufacturer Capacity, Shipments, Price & Revenues 2015/2016 SPV Market Research Paula Mints, Chief Market Research Analyst
Price & Revenues 2015/2016-1- Report SPV-Supply4 Photovoltaic Manufacturer Capacity, Shipments, Price & Revenues 2015/2016 SPV Market Research Paula Mints, Chief Market Research Analyst Report SPV-Supply4
More informationClimate Change, trade and production of energy-supply goods: The need for levelling the playing field Veena Jha
Climate Change, trade and production of energy-supply goods: The need for levelling the playing field Veena Jha Presentation at the WTO workshop on environmental goods and services. This presentation is
More informationQuo Vadis, Photovoltaic? Business Designs of the Future
Management Summary Quo Vadis, Photovoltaic? Business Designs of the Future C O N F I D E N T I A L www.oliverwyman.com The future? The PV market is a pure play commodity business with fragmented structures
More informationYI Yuechun Deputy Director-General, CREEI. Azerbaijan, 19 Oct 2016
YI Yuechun Deputy Director-General, CREEI Azerbaijan, 19 Oct 2016 Content 1 RE in China: the Status Quo and Prospect 2 Promoting RE in China: Investment Policy and Experience 3 Vision of Future: Enhancing
More informationOPPORTUNITIES FOR RENEWABLE ENERGY AND CLEANTECH INDUSTRY IN TAIWAN
OPPORTUNITIES FOR RENEWABLE ENERGY AND CLEANTECH INDUSTRY IN TAIWAN BUSINESS SWEDEN TAIPEI May 2015 Taipei OVER 98% OF ENERGY IS IMPORTED IN TAIWAN BREAK DOWN OF SOURCE OF ENERGY SUPPLY, 2013 Indigenous
More informationGlobal and China Solar Cell (Photovoltaic) Equipment Industry Report, 2010
Global and China Solar Cell (Photovoltaic) Equipment Industry Report, 2010 The equipment expenditure of the thin film photovoltaic cell industry is much higher than that of traditional crystalline silicon
More informationRe-considering the Economics of Photovoltaic Power
The BEST Group The Buffalo Energy Science & Technology Group Re-considering the Economics of Photovoltaic Power Morgan Baziliana,b, IjeomaOnyejia, Michael Liebreichc, Ian MacGilld, Jennifer Chasec, Jigar
More informationGlobal Clean Energy Leaders China
Global Clean Energy Leaders China Tim Buckley, Arkx Investment Management August 2012 Originally published in Top Capital www.topcapital.com.cn. Republished with permission To successfully invest in global
More informationEnergy Photovoltaics - A Disruptive Technology: Changing Global Markets, Policies, Players and Technology Prospects
Energy Photovoltaics - A Disruptive Technology: Changing Global Markets, Policies, Players and Technology Prospects Ruggero Schleicher-Tappeser, consultant, Berlin AHK, Tel Aviv, April 12, 2011 Urging
More informationIntroduction: Wind Power and Renewable Energy industry in China. Hugo Yu
Introduction: Wind Power and Renewable Energy industry in China Hugo Yu June 04, 2012 YU Huajun (Hugo) 2005 Awarded with Electrical Engineering Doctoral Degree in Shanghai Jiaotong University. Research
More informationSuntech Analyst Event
Solar Powering a Green Future Suntech Analyst Event Sofitel Munich Bayerpost Hotel 13 June 2008 Forward Looking Statements This presentation, and accompanying slides, contains statements regarding the
More informationRenewable Energy Generation: Different Challenges in Different Continents
i-sup2012 Local Renewable Energy Sources May 9, 2012 Bruges Renewable Energy Generation: Different Challenges in Different Continents Dr. Jan Declercq, Chief Technology Officer, CG Power Systems HIGHLIGHTS
More informationTopic: Trends in Photovoltaics
SOLA3020 PV Manufacturing Topic: Trends in Photovoltaics Stuart Wenham 8 th October, 2012 Trends in Photovoltaics 1. Trends in PV Manufacturing 2. Price and Market Trends 3. Applications 4. Trend in Technology
More informationChinese Wind Energy Association (CWEA)
Chinese Wind Energy Association (CWEA) Table 1. Key Statistics 2017, China Total (net) installed wind power capacity 188.4 GW Total offshore capacity New wind power capacity installed 2.8 GW 19.7 GW Decommissioned
More informationContents. Company Proprietary and Confidential
Solar Semiconductor Harnessing New & Renewable Energy Technologies Challenges, Technology Status, Measures/Policies to encourage Internation Cooperation Hari Surapaneni Chief Executive Officer Solar Semiconductor
More informationSunPower Cell & Module Technology overview
SunPower Cell & Module overview Stefano G. Alberici, PhD, Sr. Trainer EU, SunPower Corporation New Delhi, 17.10.2012, Rooftop Workshop India 2 PV classical stereotypes : Come on: A module is a module:
More informationSolar Power. Finance and Investment Club Energy Sector. Fall 2016
Solar Power Finance and Investment Club Energy Sector S.A: Max Reich J.As: Palak Warakiwoo, Cristianne Sanchez Jimenez, Reo Osawa, Niharika Pendharkar, James Mai Fall 2016 1 Agenda Industry Summary Revenue
More informationField Performance of. Forrest Collins juwi solar Inc. February 2 nd, 2010
Field Performance of Thin-Film Forrest Collins juwi solar Inc. PHOTON 2nd Thin Film Conference February 2 nd, 2010 Overview Background on juwi Organization juwi Exprience with Thin-Film Data from the Field
More informationAnnual Report Webcast and Conference Call March 23, Silicon & Wafer Solar Cell & Module Thin Film Module Semiconductor
Annual Report 2010 Webcast and Conference Call March 23, 2011 Silicon & Wafer Solar Cell & Module Thin Film Module Semiconductor Disclaimer We have exercised utmost care in the preparation of this presentation.
More informationStranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society
Investment Research Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Gary Buesser, CFA, Director, Research Analyst Alistair Godrich, CFA, Vice President, Research Analyst
More informationRare Metals & Renewables
Rare Metals & Renewables Globally, the demand for a wide range of rare metals is roaring. Applications such as LCD s, LEDs and semi-conductors require for example gallium and indium, while solar photovoltaic
More informationEnergy Photovoltaics - A Disruptive Technology: Changing Global Markets, Policies, Players and Technology Prospects
Energy Photovoltaics - A Disruptive Technology: Changing Global Markets, Policies, Players and Technology Prospects Ruggero Schleicher-Tappeser, consultant, Berlin AHK, Istanbul, February 22, 2011 Urging
More informationCleanTech Sector: A Global Overview
CleanTech Sector: A Global Overview John O Brien, Australian CleanTech July 2011 Originally published in Top Capital www.topcapital.com.cn. Republished with permission The global cleantech sector has grown
More informationPID-Resistance Introduction The first company with all products meet PID-resistance
PID-Resistance Introduction The first company with all products meet PID-resistance Dec. 2013 What Is PID? 400 200 0-200 Voltage(V) -400 1 20 the cells voltage (which module closest to the negative pole
More informationClimate Change, trade and production of energy supply goods: The need for levelling the playing field -Veena Jha
Climate Change, trade and production of energy supply goods: The need for levelling the playing field -Veena Jha Presentation at OECD seminar on the 10 th of May, 2009 Introduction Economic crisis implies
More informationSalient Green - US, EU and Japanese responses to rising solar imports -
Salient Green - US, EU and Japanese responses to rising solar imports - Llewelyn Hughes Crawford School of Public Policy, ANU Jonas Meckling University of California (Berkeley) 20 August, 2015 European
More informationLondon 14 September 2016
London 14 September 2016 The context Investment is the lifeblood of the energy system, which determines long-term trends of supply, emissions and fuel demand Investors face new challenges and opportunities
More informationTechnical Talk on HK s Largest Solar Power System at Lamma Power Station
15 June 2011 Technical Talk on HK s Largest Solar Power System at Lamma Power Station for HKIE EV Division by C.K. Lau Agenda Fundamentals of PV Project Background Feasibility Study and Site Selection
More informationGerhard Rauter, COO. Q-CELLS SE Leading edge photovoltaic technologies for Europe
Gerhard Rauter, COO Q-CELLS SE Leading edge photovoltaic technologies for Europe Q-CELLS SE Foundation: November 1999 Core business: Si-Solar Cells Start of production: 2001 Production (2007): 389 MW Number
More informationWind Energy a real source? November, 2011 Ernst Meyer, Vice President and Regional Manager DNV South East Asia &Pacific
Wind Energy a real source? November, 2011 Ernst Meyer, Vice President and Regional Manager DNV South East Asia &Pacific Presentation Lay-Out 1 Is Wind Energy a real energy alternative? 2 Economics Presentation
More informationConcept of the GIES. Kayano Fukuda. Secretariat of GIES2008 Int l Organizing Committee Associate Fellow, CRDS, JST
Concept of the GIES Kayano Fukuda Secretariat of GIES2008 Int l Organizing Committee Associate Fellow, CRDS, JST 3D Model of Innovation Ecosystem Input Knowledge Creation Ba Interaction Fields Output Value
More informationCase Study. Climate Change Mitigation
Case Study Climate Change Mitigation ADB Sustainable Asia Leadership Program Manila 10~14 September 2012 HOW CHINA BUILDS THE WORLD S BIGGEST WIND POWER MARKET AILUN YANG Senior Associate, Low-carbon Development
More informationSolar Cells Hellas S.A. Open to the future of energy
Solar Cells Hellas S.A. Open to the future of energy Overview The Group is a vertically integrated PV producer in Southeast Europe, operating state of the art production equipment for the production of
More informationSolar PV Jobs & Value Added in Europe
Solar PV Jobs & Value Added in Europe November 2017 Solar PV Jobs & Value Added in Europe 1 The report was conducted on behalf of SolarPower Europe, who thank the following organisations for their committment.
More informationSustainable Growth for Solar PV in the Asia-Pacific Region: Proactive Planning is Key
1 Sustainable Growth for Solar PV in the Asia-Pacific Region: Proactive Planning is Key Rising electricity demands in the Asia-Pacific region have to be met in order to ensure access to electricity supply
More informationJoint Research Centre
Joint Research Centre the European Commission's in-house science service Serving society Stimulating innovation Supporting legislation Solar Photovoltaics A driver for decarbonisation and where it is manufactured
More informationPreface. The white paper has been developed by EAI as a part of 2 nd RenewCon Conference by UBM, held at Mumbai in Sep 2011.
Preface Most discussions and interactions on the opportunities in the solar PV domain tend to focus on opportunities available in power production. There have been relatively fewer discussions on the opportunities
More informationOPPORTUNITIES FOR CHEMICALS AND MATERIALS IN PV
OPPORTUNITIES FOR CHEMICALS AND MATERIALS IN PV Technical Seminar 3 Market Trends December 6, 2011 PV Japan 2011 Michael Corbett Managing Partner Linx Consulting mcorbett@linx-consulting.com Outline 1.
More informationThe role of smart grids in integrating variable Renewable Energy sources
The role of smart grids in integrating variable Renewable Energy sources Dr. Mustapha Taoumi Energy Technology Expert, EU GCC Clean Energy Technology Network Content 1. Smart Grids 2. Renewables in Cities
More informationPhotovoltaic Solar: Market and Technology Trends (Industrial Application of Organic Photonics)
Photovoltaic Solar: Market and Technology Trends (Industrial Application of Organic Photonics) June 24, 2008 Fachri Atamny Photovoltaic Solar Environment and Issues: Outline Solar Cell Market Environment
More informationClick to edit Master text styles. Third level. Fifth level. PHOTOVOLTAICS from. in PV Manufacturing. May 6, 2010 Golden, CO
PHOTOVOLTAICS from Second a VC level Perspective Fourth NSF Workshop level on Innovation in PV Manufacturing May 6, 2010 Golden, CO John Torvik Novus Energy Partners 201 N. Union St, Alexandria, VA, 22314,
More informationXu Guosheng Zhaoheng Hydropower
Xu Guosheng Zhaoheng Hydropower China Renewable Energy Investment Opportunity: Focus on Hydropower MACQUARIE ASIA INFRASTRUCTURE CONFERENCE 8 9 DECEMBER 2008, MACAU Energy from Heaven Wind Energy Strong
More informationSolar Photovoltaics. We are on the cusp of a new era of Energy Independence
Solar Photovoltaics We are on the cusp of a new era of Energy Independence Broad Outline Physics of Photovoltaic Generation PV Technologies and Advancement Environmental Aspect Economic Aspect Turkish
More informationEnvironmental Aspects of Photovoltaic Solar Power The New Zealand Context EEA Conference Luke Schwartfeger and Allan Miller
Environmental Aspects of Photovoltaic Solar Power The New Zealand Context EEA Conference 2015 Luke Schwartfeger and Allan Miller Purpose and Content Purpose of study: To provide some clarity of the environmental
More informationChina Drives Global Wind Growth
Megawatts China Drives Global Wind Growth Mark Konold and Samantha Bresler May 30, 2012 I n 2011, global wind power capacity topped out at 238,000 megawatts (MW) after adding just over 41,000 MW. 1 (See
More informationAlectrona Energy Private Limited
Alectrona Energy Private Limited Engineering, Procurement and Construction Solar Installations Corporate Structure Member of Zynergy Group of Companies Holding company in Singapore Based in Chennai Part
More informationPV MARKET IN GERMANY. Joint international workshop. 21st International Science and Engineering Conference 2011 PVSEC-21, Fukuoka, Japan
PV MARKET IN GERMANY Joint international workshop 21st International Science and Engineering Conference 2011 PVSEC-21, Fukuoka, Japan Dr. Lothar Wissing Project Management Jülich, Germany Renewable Energy
More informationBU SOLAR. Energy from the sun. Solar Solutions powered by SCHOTT
Energy from the sun Solar Solutions powered by SCHOTT Global Player SCHOTT Profile and vision: SCHOTT is an international technology company with the core purpose of improving people s life and work. For
More informationFalling costs drive record solar and wind growth
RECORDS FORECASTED FOR 2014: Falling costs drive record solar and wind growth Shutterstock Solar Photovoltaic and wind power are set to become even cheaper and attain new heights of growth this year. The
More informationObservations for Building a PV roadmap panel Doug Rose, SunPower Corp. NAS PV Manufacturing Symposium, 7/29/09
Observations for Building a PV roadmap panel Doug Rose, SunPower Corp. NAS PV Manufacturing Symposium, 7/29/09 Safe Harbor Statement This presentation contains forward-looking statements within the meaning
More informationJAPAN ELECTRICITY MARKET AND THE ROLE OF RENEWABLES
JAPAN ELECTRICITY MARKET AND THE ROLE OF RENEWABLES ENERGY TRANSPARENCY 2013 ALI IZADI 20 JUNE 2013 /// Energy / / Transparency, Tokyo, / / 20 / June / / 2013 / / / 1 JAPAN ELECTRICITY CONSUMPTION INTENSITY
More informationECE 333 GREEN ELECTRIC ENERGY 16. PV Status and Issues
ECE 333 GREEN ELECTRIC ENERGY 16. PV Status and Issues George Gross Department of Electrical and Computer Engineering University of Illinois at Urbana Champaign ECE 333 2002 2017 George Gross, University
More informationFactsheet. Photovoltaics a fiercely competitive market with major potential Price pressures despite growth dynamic.
Factsheet Photovoltaics a fiercely competitive market with major potential Price pressures despite growth dynamic Juni 2011 auk/tm The photovoltaics market is becoming ever more dynamic around the world.
More informationGamesa s net profit rose by 45% to reach 320 million
Gamesa s net profit rose by 45% to reach 320 million February, 26, 2009 EBITDA grew by 40% to reach 495 million while sales increased by 27% to reach 3.551 billion International markets contributed to
More informationSolar Trends in Canada Linking Demand to the Supply Chain
Solar Trends in Canada Linking Demand to the Supply Chain Presented to the Canadian German Chamber of Industry and Commerce, Inc. David Eisenbud, Chair of the CanSIA Board February 18, 2010 Canadian Solar
More informationEnergy Perspectives for Asia
Energy Perspectives for Asia By Rajiv Ranjan Mishra Nov 21, 2017 Energy Asia Population Asia 4.06 billion 55% of World 8X of EU Expected to be 8.5 billion by 2030 Source: World Bank, 2016; UN GDP Per Capita
More informationSAMPLE. Reference Code: GDAE6214IDB. Publication Date: September GDAE6214IDB / Published SEP 2012
Solar PV in Spain, Market Outlook to 2025 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Reference Code: GDAE6214IDB Publication Date: September 2012 GlobalData.
More informationBuilding a Profitable Wind Business
GE Energy Building a Profitable Wind Business Vic Abate July 26, 2006 This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking
More informationRenewables Global Status Report 2009 Update
Renewables Global Status Report 2009 Update Philippe Lempp Project Head, REN21 Secretariat Energy Efficiency 21 Project - Steering Committee Meeting, UNECE Geneva, 4 June 2009 About REN21 Global policy
More informationSolar Photovoltaic. Neal M. Abrams,, Ph.D. Department of Chemistry SUNY ESF
Solar Photovoltaic S stems Systems Neal M. Abrams,, Ph.D. Department of Chemistry SUNY ESF A Focus on Energy Use Solar energy 1% Conventional 1.8x10 12 hydroelectric Watts (continuously) power 45% 6x10
More informationA COMPARATIVE STUDY ON THE CONSEQUENCE AND IMPACT OF PUBLIC POLICIES IN FAVOR OF SOLAR PHOTOVOLTAIC DEVELOPMENT (GERMANY & CHINA)
A COMPARATIVE STUDY ON THE CONSEQUENCE AND IMPACT OF PUBLIC POLICIES IN FAVOR OF SOLAR PHOTOVOLTAIC DEVELOPMENT (GERMANY & CHINA) INTERNATIONAL ENERGY POLICIES & PROGRAMMES EVALUATION CONFERENCE (IEPPEC)
More informationCover image: Underwriter Laboratories.
2011 Cover image: Underwriter Laboratories. EPIA the European Photovoltaic Industry Association represents members active along the whole solar PV value chain. EPIA s mission is to give its global membership
More informationIndustry Report,
China Wind Power Equipment and Parts Industry Report, 2009-2010 In 2009, 10,129 sets of wind turbines were installed, totaling 13,803.2 MW, up 124% over the previous year. By the end of 2009, China s total
More informationGCL New Energy Holdings Limited (Stock Code: 451.HK)
GCL New Energy Holdings Limited (Stock Code: 451.HK) 2017 Interim Results August 2017 Disclaimer This material has been prepared by GCL New Energy Holdings Limited ( GNE or the Company ) solely to facilitate
More informationIEA PVPS Task 1 Meeting, Kuching, Malaysia
IEA PVPS Task 1 Meeting, Kuching, Malaysia Annual Installation (Newly Installed Capacities, MW) 22.3 45.3 275.7 166.8 126.6 78.8 295.2 530.7 926.3 1133.9 887.2 1180.0 2006 2007 2008 2009 2010 2011 2012
More informationNEXT POTENTIAL HOTSPOTS FOR CLEAN POWER Victoria Cuming Head of Policy EMEA Bloomberg New Energy Finance United Kingdom. African Utility Week
NEXT POTENTIAL HOTSPOTS FOR CLEAN POWER Victoria Cuming Head of Policy EMEA Bloomberg New Energy Finance United Kingdom ANALYSIS, TOOLS AND DATA TO EXPLORE THE ENERGY SYSTEM TRANSITION Solar Wind Other
More information2. Who are the key economic operators active on your market?
Renewable energy sector fiche short questionnaire for industry associations and individual companies Company details and market information 1. What is the name of your company (or (main) companies part
More informationPiper Jaffray Clean Technology & Renewables Conference. Samuel Yang, Chief Executive Officer
Piper Jaffray Clean Technology & Renewables Conference Samuel Yang, Chief Executive Officer February 20, 2008 Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation
More informationQUARTERLY JUN. - OCT. 2016
JUN. - OCT. 2016 MARKET&BUSINESS DEVELOPMENT DEPARTMENT BUSINESS PERFORMANCE P.0 GOLDWIND QUARTERLY MARKET ACTIVITIES P.1-6 WIND INDUSTRY RESEARCH P.7-8 BUSINESS PERFORMANCE At the end of Q3 2016, Goldwind
More informationPhotovoltaic Systems Engineering
Photovoltaic Systems Engineering Ali Karimpour Associate Professor Ferdowsi University of Mashhad Reference for this lecture Mrs. Golmakanion Thesis Feb 2010 Ferdowsi University of Mashhad lecture 2 Lecture
More informationAsia Wind Turbine Strategies in the Global Market:
www.emerging-energy.com Cambridge Tel: +1 617 551 8580 Barcelona Tel: +34 93 272 6777 Singapore Tel: +65 6576 5392 Asia Wind Turbine Strategies in the Global Market: 2011 2025 February 2011 Market Study
More informationKyocera's Environment Related Business Developments
Kyocera's Environment Related Business Developments - Solar Energy Business Strategies - February 2008 MAKOTO KAWAMURA President and Representative Director Today's Presentation 1. 1. Kyocera's Business
More informationRecent Trends in PV Systems
EU Jordan Energy Networking Event in Energy within JERA-Center National Center for Research and Development NCRD Amman, 27. 28. Feb. 2013 Recent Trends in PV Systems Dipl.-Ing. Dieter Geyer Zentrum für
More informationit present one piece of that solution going forward. Solar Value Proposition Brian Baxter page 1
Eric Develey, Session Chairman The last presentation of this session will be on Solar Value Proposition for the Cable Industry by Brian Baxter from General Electric. Brian has graduated from the Union
More informationCost reduction strategies in solar cell production DnB NOR Markets Solar Seminar
Cost reduction strategies in solar cell production DnB NOR Markets Solar Seminar Dr. Claus Beneking, CEO ErSol Solar Energy AG Oslo, 6 June 2006 erwicon congress Erfurt 08 June 2006 1 Disclaimer Certain
More informationCA Solar Company Introduction. Tel: (+1)
CA Solar Company Introduction sales@casolarco.com Tel: (+1) 1.510.380.8899 www.casolarco.com Company Introduction What We Offer: Solar Project Financing We can do solar project financing, for residential,
More informationCompany Presentation January 2009
Company Presentation January 2009 Disclaimer The presentation is prepared by LDK Solar Co., Ltd. ( LDK Solar or the Company ) and is being presented solely for the purpose of corporate communication and
More information