nov 17th, 2008
renewables are going up, but coal is the big winner. nuclear is going down.
so, naturally, india which has lots of coal, goes out and buys nuclear reactors.
figures.
wind is also going up. therefore it's probably a good idea to buy suzlon shares and keep for 10-15 years.
solar is still being underestimated by the cognoscenti.
http://www.iea.org/Textbase/speech/2008/Birol_WEO2008_PressConf.pdf
3 comments:
Rajeev,
Suzlon planning to get into solar as well
http://www.hindu.com/2008/11/18/stories/2008111856131600.htm
pankaj, thanks! that's good news. maybe my suzlon stock will be worth something, after all!
but do look at this set of graphs: conventional wisdom still says that renewables esp solar are far off from being mainstream. i disagree. i believe the age of hydrocarbons is rapidly coming to an end.
http://www.worldenergyoutlook.org/key_graphs_08/WEO_2008_Key_Graphs.pdf
Rajeev,
I agree with you.
I believe that renewable sources is gradually going to come into the mainstream.
And I don't think the Arab cartel will let the oil prices fall to levels where they endanger the green energy industry.
And even considering that green energy is capital intensive, it is still a better option as in that case we do not have to pay forex reserves to the Arabs.
Also, given that India has such a long coastline, even tidal energy is a good alternative for us once it becomes economically viable.
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