Thursday, August 16, 2007

Solar Boom, All Over the World

A Chinese company has entered into a Sh9 billion partnership with a Kenyan firm to build the first solar panel factory in East Africa. The move is expected to reposition solar as a key source of energy in Kenya by making it more affordable to millions of consumers who depend on the national electricity grid for their energy needs. It is estimated that the Beijing Tianpu Xianxing Enterprises and Electrogen Technologies venture could see the prices of solar panels drop by up to 65 per cent. The project will be implemented through Pan African Technologies, a jointly owned company in which Beijing Tianpu has a 70 per cent interest and will raise $100 million (Sh7 billion) from internal resources. Its local partner is expected take up the remaining fraction of the financing plan in cash and kind, including $40 million (Sh2.8 billion) in cash and three acres of land along Nairobi's Mombasa Road where the factory is to be erected by a local company of Chinese origin. Construction of the facility is set to start in October for completion in March 2008. Once built, the factory will source the materials required locally and employ a minimum of 100 Chinese trained staff.

In the Czech Republic, a 2005 renewable energy law modeled after Germany's has spurred on the Czech solar industry. Last year, the country as a whole generated only 540 MWh of solar energy. Korowatt’s solar plant, which began operating in January, is expected to outdo this total on its own, with 628 MWh expected this year. Another Czech-based company, HiTecSolar, announced completion of its own “largest solar power station in Central Europe,” located in east Moravia.

Japan, already amongst the world's leaders in solar cell production and where solar adoption exist without subsidies, may need to increase reliance on solar, particularly thin-film solar, to fight its pollution woes.

In the mean time, despite turbulence in the stock markets, publicly listed solar names do not seem to be experiencing a slowdown, but are instead ramping up with expansions plans. SunPower (Nasdaq: SPWR) inked up new ingot, wafer and polysilicon deals; LDK Solar secured a three year wafer supply agreement; and China-based Canadian Solar (Nasdaq: CSIQ) set up its new U.S. head office in Phoenix, Arizona.

6 comments:

alice said...
This comment has been removed by the author.
alice said...

I find it spectacular that want to start using more solar energy, once I saw a documentary on television called sildenafil citrate in this program, spoke about the importance of solar energy in the future ...

kimberly said...

Solar energy is the best natural resource that we have this time even more that fuel is too expensive. In fact i want to approach costa rica investment opportunities and look all the alternative this country can have because it climate. We must to find the way to save our planet and to use solar energy could be the first step.

willy said...

To start with I would like to congratulate the creators of this blog, mainly because when I read it I enjoyed it very much.A few years ago I attended a conference called guanacaste costa rica real estate, at that conference had many interesting topics. Perhaps readers may find no relationship between the blog and this conference, but if someday can attend,would realize that there is much to do with this blog.

Steve said...

Hello .. firstly I would like to send greetings to all readers. After this, I recognize the content so interesting about this article. For me personally I liked all the information. I would like to know of cases like this more often. In my personal experience I might mention a book called Generic Viagra in this book that I mentioned have very interesting topics, and also you have much to do with the main theme of this article.

Frederick Milton said...

It is nice to hear that Kenya is investing in Solar Plant. These kind of energy and Generic Viagra are the future. We need a better future without fossil fuels.

Viagra Online Cheap Viagra