March 6, 2008
Hopefully More Good News about Solar Systems Yet To Come
Analysis of:
Applied Materials in $1.9bn solar coup | www.ft.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: There are very few countries in the world that require mandatory utilization of solar energy in the form of solar water heating and electricity. Apparently, in our fractured times, when energy prices, especially oil, skyrocket, changes in governental regulations of energy efficiency become nrecessary. It is remarkable that emerging economies, such as economy of China take its time, attention and monetary resources to reduce its dependance on fossil fuels.
Analysis: Apparently, in today's energy governmental policy of utilization of solar energy China takes one of the leading places in the world. Its installations of solar water heating systems exceed the ones in the US by the factor of ten. It has become a building code and a requirement of its national industrial standards to consider solar water heating installations on all of the commercial and new residential dwellings where it is economically viable. The notions of using solar energy for electrical needs are present in Israel, USA, Australia, Brazil, and now, in China. Solar installations grow in Europe: Germany, Spain, Austria. In the United States recent act of utilization of renewable resources, including solar energy in California, is seen as an act of progress in the energy policy of this state, which, in general, leads the US in terms of innovation. Hopefully, this notion will be spread throughout the country soon, as it was in case of energy efficiency for residential and commercial boilers, lower NOx emissions, etc. We do need a stronger energy policy and actual changes in building codes, stadards, and requirements to take into consideration solar energy, as a viable supplement to reduce dependance on the fossil fuels.
Analysis: Apparently, in today's energy governmental policy of utilization of solar energy China takes one of the leading places in the world. Its installations of solar water heating systems exceed the ones in the US by the factor of ten. It has become a building code and a requirement of its national industrial standards to consider solar water heating installations on all of the commercial and new residential dwellings where it is economically viable. The notions of using solar energy for electrical needs are present in Israel, USA, Australia, Brazil, and now, in China. Solar installations grow in Europe: Germany, Spain, Austria. In the United States recent act of utilization of renewable resources, including solar energy in California, is seen as an act of progress in the energy policy of this state, which, in general, leads the US in terms of innovation. Hopefully, this notion will be spread throughout the country soon, as it was in case of energy efficiency for residential and commercial boilers, lower NOx emissions, etc. We do need a stronger energy policy and actual changes in building codes, stadards, and requirements to take into consideration solar energy, as a viable supplement to reduce dependance on the fossil fuels.
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