Dec 13, 2011

Access to Energy ( contd)...! - More key statistics

  • In 2009 around US$ 9.1 billion was invested globally in extending access to modern energy services. 
  • Between 2010 and 2030 according to the new policy scenario of IEA, average US$ 14 billion per year will be invested mostly for new on-grid electricity connections in urban areas but it will still leave 1 billion people without electricity and 2.7 billion without clean cooking facilities in 2030. 
  • To achieve universal modern energy access by 2030 average annual investment needs to be around US$ 48 billion per year so additional US$ 34 billion per year is required. Therefore private, public and other sources of funding needs to be mobilized to fill the gap. 
  • According to IEA estimates US$ 18 billion per year is needed from multilateral and bilateral development sources, US$ 15 billion per year from government and US$ 15 billion per year from the private sector.  
  • Achieving universal energy access by 2030 will increase the global electricity generation by 2.5%, demand for fossil fuels by .8% and CO2 emissions by 0.7% but would help prevent 1.5 million premature deaths per year. 
  • Developing countries importing oil are facing prices in excess of US$ 100 a barrel and their total expenditure for oil import was around US$ 100 billion or 5.5% of their GDP in 2011. 

  • In India, the MNRE (Ministry of New and Renewable Energy) is supporting the solar power through National Solar Mission. The Government of India has set up a target to install 100 GW by 2022 through the investment of Rs. 6.3 trillion($100 billion) in 5 years. This will create huge employment opportunities in this sector.

  • Renewable energy will play a crucial role in energy for all scenario of IEA. For example 92% and 80% of the hydro power potential is untapped in Africa and Asia respectively. 
In the energy for all scenario around US$ 0.8 billion is required per year for advanced biomass cook-stoves and additional annual investment of US$ 12 billion per year is required for mini-grid electrification to connect additional 19 million people per year.

Dec 9, 2011

People without access to Energy !

The World Economic Forum in Davos released a study on Green Investing: Towards a Clean Energy Infrastructure. In the study it states that “two billion people worldwide have no access to modern fuels and 1.6 billion have no access to electricity. Many of these people are based in the Indian sub continenent - over 50 % of them. Isnt it time for to be doing something about this and taking stock.

The Indian government, has been trying to solve this problem of making energy access for the poor and the people living in remote areas for a long time. Has it succeeded ? Is there a will to make this happen ? 

Perhaps what is required is a private initiative to make this happen. It would be interesting to see a private and people partnership to achieve what the government has not been able to achieve over the last 45 years.

Do comment and reach out - let us know what you feel and lets get a public debate going on this.

Dec 7, 2011

Inter Solar : Exhibition on Solar Products

Intersolar promotes the development of business opportunities throughout the Indian solar industry. There are 250 exhibitors and 6,000 visitors expected at the 2011 exhibition. The accompanying conference expects 700 attendees. Here is the link in case you wish to know more about the exhibition

There is an accompanying conference that talks about trends and has agenda detailed on the site. The admission is free for visitors.

The exhibition is in Mumbai, India. Watch us there !!