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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