2009: The Year of the Shake-out; IEA Underestimates RenewablesNew Hampshire, United States [RenewableEnergyWorld.com] Everyone in the industry has been preparing for a time of falling renewable energy prices, rapid consolidation, and a quick push-out of weak companies. That time is now. And the economic crisis is only speeding the process up.
Angus McCrone, Chief Editor of New Energy Finance joins us for a look at how the dismal economic climate is shaking things up in the wind, solar, geothermal and marine energy industries.
Then, Swiss MP Rudolf Reichsteiner talks about his new report, “Wind Power in Context — A Clean Revolution in the Energy Sector,” which criticizes the International Energy Agency for consistently underestimating the role of wind in the global energy mix. Inside Renewable Energy offers the latest in renewable energy news and information.
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Stephen Lacey
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Project finance is the first and foremost biggest challenge for wind/solar/geothermal, etc.
As solar modules fall ~ 30-40 this year due to greater manufacturing facilities and increasing supply of silicon, PV will gain a mainstream foothold; being especially good for installers who do good consistant installs in the range of 1-10kV projects. Garages will start to be build by mandate in California and other states with a 'blueprint' for electric vehicles as they emerge world wide.
Obama is "locked" in to the green sector, schools are starting to push wind and PV "2 year curriculums" and the people are seeing investment opportunities for their' homes and businesses now. If Obama can use his "golden tongue" and power to cause a rip tide of movement more and more into green investment for residential as well as industrial entities, we could have a 20 year movement away from oil and the current energy nonsense that rules the world.
Geothermal indeed will benefit as this article stated due to less work being done for oil drilling as well as using 3-D technology concurrently that was developed for oil work. Find heat, dig a hole, extract steam, make turbines spin,..cause electrons to move.
Let's get it done. Fossil energy will be religated to the Smithsonian by 2040
or in Third World countries only.
All the Best,..