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To: GST who wrote (99577)1/10/2008 2:19:42 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
GST I haven't talked to you in a while but I do a lot of investing in renewables now, it is the big growth area.

Solar energy and solar thermal energy has made huge strides in the past few years and is now close to being competitive with coal. Coal costs .10 per watt or $1 per renewable watt (which is what the utilities buy and then they sell to consumers for .10) and solar is as low as $1.15 per renewable watt now. But that is not the whole story, because that $1 does not include plant amortization because US coal plants and grid were built years ago so they are all paid for. If you have to erect a new powerplant now, solar is cheaper, mostly because you just lay these panels on the ground, no drilling and after that the sun has no consumption costs.

We are witnessing a large shift from fossil fuels to renewables at the utility level right now and the emerging markets are no exception especially because they are more cost sensitive.

Heres an old article
news.soft32.com

Just 2 years ago nobody talked about renewables for emerging markets but now that has all changed.