The Sunshine Sector ?
-------------------------
Economic Times ( 09 May ) carries following news
report :
Highlights :
* Total number of jobs in renewable energy
sector world-wide ( 2017 )………………… 10.34 million
* No of jobs in this sector in India ( 2017
)……………………………………………………………. 0.721 million
* Therefore , India’s share of such jobs (
2017 ) ………………………………………………… 7 %
* No of jobs in this sector in China ( 2017
)……………………………………………………………. 2.2 million
* So , China’s share of such jobs ( 2017
)………………………………………………………………. 21.2 %
* No of jobs expected to be created by
2050………………………………………………………. 28 million
* India’s cumulative Solar installations ( by
Dec 2017 )………………………………………. 19.6 GW
* During 2017, India added Solar
power………………………………………………………………
9.6 GW
* India’s target for Solar power by
2022…………………………………………………………….. 100 GW
My Take :
To reach this target, India will need to install
16 GW in 2018 ( and in each year till 2022 )
To the best of my knowledge , there has been ZERO addition during the first 4 months of this year !
I would not be surprised if , during 2018 , we manage
to add another 8 GW only !
If you want to know WHY , read :
Now that Trump has pulled USA out of Iran Nuclear Deal
, we can expect the oil price to jump to $ 80 per barrel from yesterday’s $ 70
per barrel
The basket of crude oil
that India imports averaged,
* USD 55.74 per barrel in
the April-February
* USD 47.56 a barrel in
2016-17
* USD 46.17 in 2015-16.
Every dollar per barrel
change in crude oil prices impacts the import bill by Rs 823 crore (USD 0.13
billion). The same is also the impact when currency exchange rate fluctuates by
Re 1 per US dollar.
Read more at:
How come China manages 5 – 10 times what we are managing when it comes to Solar ?
I believe, the most important reason is its “
Political Will “
It is a national shame that the only “ Political Will
“ being displayed by our politicians is :
“ How to win election, by hook or crook (or by handing
out FREEBIES or even CASH ) ? “
Let us juxtapose some more stats from :
* During 2017 , China added Solar power of……………………………………………………
54 GW
* By Dec 2017 , total installed Solar Power in
China……………………………………….. 120 GW
* In 2017 , no of days that Costa Rica consumed ONLY solar
power………………. 300 days
Observations in this article :
Total levelised cost of electricity (LCOE) on a
global average for 100% renewable electricity will decline to 52 €/MWh by 2050
(including curtailment, storage and some grid costs), compared to 70 €/MWh in
2015.
Global transition to a 100%
renewable electricity system will create 36 million jobs by 2050 in comparison
to 19 million jobs in 2015.
On the economic
side of the energy transition, sufficient flow of private investment in
renewables and storage technologies needs to be ensured for a smooth, fast and
cost-effective transition to 100% renewable energy.
10 May 2018
www.hemenparekh.in
/ blogs
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