Category Archives: Europe

Achieving Global Consensus on PV Grid parity

Qualified Opinion Sources are kindly invited to express their opinion on a specific website: www.SolarGridParity.com

on the following debate:

By 2020 or earlier the installed costs for solar electricity systems will be reduced to US$1 per watt

Background: Due to strong incentives, mainly within the EU, global solar photovoltaic market has significantly grown during 2010, with the whole PV installed capacity having reached almost 40GW, or up 70% from nearly 23GW in 2009. The strong expansion in PV installations was mainly dominated by the European countries, with about 70% of the new solar power installations in 2010, with Germany leading the PV market accounting for almost 7GW and Italy with about 3GW, followed by Czech Republic (1.3GW), France (0.5GW), Spain (0.4), Belgium (0.25) and Greece (0.2). As for the main markets outside Europe, Japan PV market accounted for nearly 1GW, followed by the United States (0.8GW) and China (0.4GW).

The US administration and the Chinese government are both aiming at achieving price parity between solar electricity and fossil-based electricity without additional subsidies. Reaching this goal will establish the country’s technological leadership, improve the nation’s energy security, and strengthen economic competitiveness in the global clean energy race.

President Obama laid down a bold challenge to America in his State of the Union speech January 2011: “get to 80% clean energy by 2035.”

Ms. Eleni Despotou, Secretary General of the European Photovoltaic Industry Association (www.interpv.net): “PV electricity would see its generation costs dropping to a range of 5 to 12 c / kWh by 2020, making it highly competitive with all peak generation technologies, and as low as 4 to 8c/kWh in 2030, making it also widely competitive with most mid-load generation technologies.”

 

On the other hand we hear every day: “Solar is too expensive” or “Variable costs related to permitting, inspection and interconnection are killing the solar industry’s ability to achieve speed and scale”.   .

Mr. Amnon Samid, CEO, The AGS group  (www.AGSpower.com):  “Encouraging investment only in PV systems will jeopardize the chances to develop a competitive solar thermal mini-grid distributed  generation solutions for electricity production, that may enjoy the advantages of PV systems, but offers also storage capabilities and hybrid, co-generation and on-site power production options, occupying less expensive land for extended use, making it competitive with base load generation technologies, representing an alternative for new generation capacity  in Sunbelt countries.”

The U.S. Department of Energy (DOE) SunShot Initiative aims to restore America’s once-dominant position in the global market for solar photovoltaic (PV), which has dwindled from 43% in 1995 to only 6% today. DOE estimates that if the installed costs for solar energy systems drop to $1 per watt — equivalent to a levelized cost of electricity of 5-6 cents per kilowatt hour — solar without subsidies would be competitive with the wholesale rate of electricity nearly everywhere in the U.S. The DOE intend to devote $200 million per year — to support a targeted roadmap to meet the SunShot goal by the end of the decade.

However, the “64 million dollar question” is:

Is it a realistic goal?

You are invited to express your professional opinion by answering three brief questions at: www.SolarGridParity.com

The BiPSA methodology aims to convert

Controversy-to-Consensus

www.BiPSA.com

 in collaboration with the AGS Group www.AGSpower.com

Promoting and enabling the incorporation of innovative clean energy technologies into the grid.

Rational and risks involved in incorporating thermal storage with current CSP plants

Much effort is invested worldwide for developing storage for trough technology. The more advanced approach is based on phaze changes materials (which is called: PCM), since it enables higher density in the storage and minimal temperature losses between charge and discharge. The main problem is the low heat transfer (due to low thermal conductivity of the salts), and this affects directly the amount of power that could be extracted from the storage. Several research is being executed (mainly in Germany) for developing enhanced solutions, usually by enhancing the heat transfer between the salt and the heat transfer fluid (in the molten salt receiver/hot storage tank), reducing transient effects, optimization of the storage materials (for example, by using metal with graphite that has very high thermal conductivity – which can result up to 15% increase in conductivity, modifications in geometry, boundary conditions (e.g., addition of inflow and outflow, adding radiating surfaces or media) are being tested.  Parts of those solutions are technically feasible, although too expensive yet, e.g. the additional costs overweigh the benefits. One of the advanced approaches, that might have a chance to be cost effective, is based on adding metal surfaces into the salt zone, which may significantly improve the heat transfer to the salt by adding both radiative and convective areas, and also induce more mixing by producing faster flow and higher turbulence. Another alternative to these effects is to add particles that participate in radiation and supply convection area. The goal is to achieve an energy storage system with thermal efficiency of 90%, life time of 30 years and specific costs of: 30 USD/KWthermal capacity, and 1.5 US cent per KWHelectric. But, as far as I know, no system can achieve it yet. 

 Various storage systems incorporated with solar tower electricity generation systems were developed and the most advanced of them was installed and tested in California. This system, Solar Two, generated 10MW electricity using an eutectic molten nitrate salts mixture pumped and piped from a ground-based cold tank to a receiver mounted on the top of a tower. The hot salt from the receiver is then piped to a second, hot tank on the ground. In a secondary loop, the hot salt flows through a heat exchanger to generate steam and returns to the cold tank. The third loop includes the steam generator, which supplies steam to a steam turbine electricity generator. This plant was closed on 1999. Now Sener is trying to do something similar in Spain.

The most common storage technology in use (following the inefficient oil storage tanks solution that is being used at the SEGS plants in California) is the molten salt two-tank system, which provides a feasible storage capacity and is considered to have low to moderate associated risks. Molten salt that will be used for storage as such is bankable (as molten salt is being used for a long time in the chemical industry), but the integration of this kind of storage system to the solar system – is risky.  Concentrated solar thermal power plants have specific requirements for storage that are not well known in the chemical industry. For example: working under thermal cycling conditions; heating and cooling; temperature changing periodically; even design the hot and cold tanks is a challenge; Not to speak about the pipes and the heat exchangers. Another problem is freezing at night. But the main risk is that it is a big step from the existing technology in the chemical industry to that is required by the solar plants, especially in size – going up in scale, since in the chemical industry relatively small amounts of molten salts are being used.   On the other hand, storage contributes not only by increasing operation hours, but also enhancing the overall efficiency, as the plant is working more hours close to the design point. 

At Acciona’s Nevada parabolic trough plant there is no storage (only for about 30 minutes, which is achieved by the fluid that is in the pipes). On the other hand, at the parabolic trough plants of Andasol One & Two – FlagSol (Solar Millennium’s subsidiary) together with ACS/Cobra developed thermal storage based on molten salt. This system is being working for almost two years, probably with a lot of obstacles to deal with, like freezing issues (the freezing point of the chosen nitrates is probably 220ºC), corrosion, blocking, purity of the salt, problems with materials that are in contact with the salt, and a lot of integration and control issues. However, the operators (ACS/Cobra) are gaining much experience and claim to be able to overcome most obstacles. 

 Another risk related to incorporating storage is how much downtime (forced outage) will the plant experience. As a worth case scenario one has to assume up to 10 percent (36.5 days) down, although some plants have almost no downtime due to troubles with storage systems. Thermal storage allows project developers to maximize the value of the solar thermal facility’s output for time of use pricing verses the cost of producing that electricity. Designing a facility to sell the largest amount of output does not necessarily make that design the one with the best return on capital. Sometimes it is preferred, for example, to store all of the thermal energy produced in the morning instead of directing only part to the storage and part to produce electricity for immediate sale. The design point as well as operation strategies are of utmost importance especially when thermal storage is incorporated with the solar thermal plant. However, reducing drastically the capital cost of thermal storage is key to the commercial deployment of the technology.

 

 

Evaluating whether clean energy technological breakthroughs are realistic for achieving grid parity & how can we make it happen?

Key addressing on policy & implementation matters at the Eilat-Eilot Renewable Energy conference Feb 2010 (*) as presented by Amnon Samid, Executive Chairman, the AGS group:

• Addressing the challenges of grid integration for renewables from the transmission perspective.

• Distributed energy generation as key to deploying advanced clean energy technologies.

• Adopting the grid to be able to integrate different unstable sources of energy, incorporate energy storage, distribution automation and distribution management systems and improving frequency stability of grids that incorporate remote clean energy sources.

• Applying smart grid vision globally – a global link which uses AC and DC transmissions.

• Is not it a shame wasting hundreds of millions during the last decade on subsidizing PV integrators, instead of investing these money in developing new technologies that will not require governmental incentives and replace all use of fossil fuel for electricity production and transportation?

• Presenting the ‘big picture’ beyond subsidies and feed-in tariffs – insight into the future of developing new technologies and evaluating whether technological breakthroughs are realistic for achieving grid parity and how we can make it happen (Manhattan-like clean energy projects).

Samid also encouraged Lenders to take the risks in financing renewable energy projects that are based on new technologies, which are not defined yet as “bankable”, while presenting the main risk factors and mitigation required:

 • Technology, which should be mitigated by proven design or tested Equipment (especially when it’s not a proven technology). • Suppliers, which should be mitigated by their references, track record, experience and financial strength and warrantees.

• EPC, which could be mitigated by performance guarantee and ongoing measurements of performance & degradation.

• Developers, especially their credibility, track record and risk profile.

• O&M, which should be mitigated by track record of the contractor, warranties for availability, performance guarantees & degradation, spare parts management and O&M budget.

• Operation strategy & Performance model for the lifetime of the project.

• Financial model, which should include exposure to risks involved in fluctuations in Interest rates, currencies rates, seasonal factors etc., while especially it’s important to make sure that low probability scenarios will still result in sufficient revenues to repay the loan.

 • Solar resources, especially the basis and accuracy of historic irradiation data and assessment of future irradiation data.

• Infrastructure, Permits and Licenses, including space constrains, access roads, availability of fossil fuels, water availability, flood protection, transmission facilities, geotechnical & environmental assessments.

• Revenue which is controlled by all the above and the Power Purchase Agreement [PPA].

 —–

(*) The conference brought together major leaders on clean & renewable energy — technology experts, academic researchers, regulators, policy makers, consumers, financial experts, industry leaders, utilities, start-up companies along with influences from the US, Europe & Africa.

• Amnon Samid was moderating a panel with key decision makers analyzing the current situation of clean & renewable energy industry in Israel

Will SolarReserve defeat its competition?

“The brainchild of rocket scientists and a private equity group specialized in renewable energies, SolarReserve, the solar energy development company, is primed to be a winner in the concentrated solar power sector.

United Technology subsidiary, Pratt & Whitney Rocketdyne, has combined its liquid rocket engine heat transfer technology and molten salt handling expertise to develop a unique tower receiver technology with thermal storage capabilities – for which SolarReserve is the exclusive license holder.

Another key ingredient is SolarReserve’s founding partner – the US Renewables Group, a US$575 million private equity firm exclusively focused on renewable power and clean fuel projects.

And finally: the team.  SolarReserve’s blend of professionals from the energy, technology and finance industries are proving to be a knockout combination.” [Source: CSP TODAY].

Competition:

 Parabolic troughs, which have been in operation since the mid-1980′s, are currently the most commercial technology and hence the main competitor for any solar thermal technology. Parabolic trough plants have proven a maximum efficiency of 21% (with an average of 12% to 15%) for the conversion of direct solar radiation into grid electricity. While the plants in California uses synthetic oil as heat transfer fluid in the collectors, efforts to achieve direct steam generation within the absorber tubes in order to reduce costs further did not achieve a viable system so far.

 Another option is the approximation of the parabolic trough by segmented mirrors according to the principle of Fresnel. Although this will reduce efficiency, it shows a considerable potential for cost reduction. The close arrangement of the mirrors requires less land and provides a partially shaded, useful space below.

 Despite improvements in performance of the parabolic troughs new generations, the cost of electricity with solar only is relatively high.  Hence lower limit of costs (through Feed-In-Tariff (FIT) or competition) will not enable this technology to be competitive for the long run. For larger scale power generation, Central receivers, which utilize a collection of heliostats – mirrors which track the sun and concentrate the radiation onto a central receiver located at the top of a tower – hold out a huge potential for lower costs. Concentrating the sunlight enables heating a heat transfer fluid up to 1200ºC and higher. Today, molten salt or air or water is used to absorb the heat in the receiver. The heat may be used for steam generation or making use of the full potential of this high-temperature technology – to drive gas turbines. For gas turbine operation, the air to be heated must pass through a pressurized solar receiver with a solar window. Combined cycle power plants (like Aora’s) require about 30% less collector area than equivalent steam cycle.

 Another option is based on Parabolic Dish, which are relatively small concentrators that have a motor-generator or a turbo-generator in the focal point of the reflector. This generator may be based on Stirling engine or a gas turbine. Because of their size, they are particularly suited for decentralized electricity supply and remote stand alone systems. Dishes up to 400m² have been built and other even larger are being currently designed. Although significant progress has been made on most major components including the high performance dish, it is too early to determine whether the promises of developing a simple, low cost and very reliable engine will be realized by new designs. Moreover, this technology is inherently nondispatchable without storage or fuel backup, so can not reach utility’s dispatch requirements. 

 

 

“Is the average consumer willing to pay the upfront costs of a new smart grid and then respond appropriately to price signals?

 Republican Sen. Lisa Murkowski of Alaska said at a recent hearing on smart grid.

Energy Secretary Steven Chu worry about security. “If you want to create mischief one very good way to create a great deal of mischief is to actually bring down a smart grid system. This system has to be incredibly secure,” Chu said.

 On the other hand, Chu says that the current grid stands in the way of increasing the use of renewable energy sources such as wind and solar that “will need a system that can dispatch power here, there and everywhere on a very quick basis.”

According to an article at Associate Press today, the “smart grid” has become the buzz of the electric power industry, at the White House and among members of Congress. President Barack Obama says it’s essential to boost development of wind and solar power, get people to use less energy and to tackle climate change. What smart grid visionaries see coming are home thermostats and appliances that adjust automatically depending on the cost of power; a world where a water heater may get juice from a neighbor’s rooftop solar panel, where on a scorching hot day a plug-in hybrid electric car charges one minute and the next sends electricity back to the grid to help head off a brownout. It is a world where utilities get instant feedback on a transformer outage, shift easily among energy sources, integrating wind and solar energy with electricity from coal-burning power plants, and go into homes and businesses to automatically adjust power use based on prearranged agreements.

However, without development of NEW clean energy technologies to transfer over the smart grid and without and robust technologies to protect the smart system against intrusion and evil shut down – the game is not worth the candle……

Clean Energy “Apollo project” (40 years to the success of the first Apollo project)

We should urgently pursue a project for developing  technologies that can make a difference, to get rid of world dependence on oil, with the same vigor that the U.S. pursued the famous “Apollo project” (tomorrow 40 years anniversary).

Every nation on this planet is at risk.  And just as no one nation is responsible for climate change, no one nation can address it alone.  ….And it is why we have gathered again here today. –President Barack Obama. 

 Al Gore:  There has never been a better time than now for making the change we need in dealing with the climate crisis …  This is truly a new era of hope and opportunity for our cause.

We welcome individuals to contribute their solutions, ideas, words, and images.

Stay alert: Details will come soon….Kick-off is expected in February 2010.

www.energysummit2010.com

CPV Status

KATIE HOWELL

As the race to create clean, renewable power heats up, the solar industry is focusing on a technology in hopes of producing utility-scale energy. Concentrating photovoltaic (CPV) solar power — which marries traditional solar photovoltaic technology to large-scale concentrated solar power plants — could ramp up utility-scale solar production, advocates say, especially in niche markets. But as with all developing technologies, the effort faces significant hurdles. CPV technology involves magnifying the sun’s energy hundreds of times via lenses or mirrors and focusing it onto small, extremely efficient photovoltaic cells.

By magnifying the solar energy, the technology can reduce the amount of semiconductor material needed for the photovoltaic cell. “In a lot of ways, it’s merging the advantages of photovoltaic technology with the efficiency and ability to capture more sunlight that you get with concentrated,” said Nancy Hartsoch, vice president of marketing for SolFocus, a California company. “You’re basically focusing 650 suns onto that cell, so you’re able to use a very, very small amount of photovoltaic material to capture a tremendous amount of sunlight and then convert it at very high efficiency.” SolFocus is among a handful of companies working on CPV technology. Its model involves a two-mirrored system that directs sunlight down an optical rod onto a small (1 square centimeter) photovoltaic cell. Several mirrored units are placed together on a panel, which is mounted on a tracking apparatus to follow the sun throughout the day.

Other companies are trying the same concept, albeit with slightly different technology. New Mexico-based Emcore Corp., for one, uses optical lenses to focus the energy of 500 suns onto a tiny, super-efficient photovoltaic cell. And other companies are using various incarnations of mirrors or lenses on pedestals, dishes, troughs or carousels to magnify solar energy on tiny, highly efficient photovoltaic cells. A dozen or so startup companies are wading into the field, tweaking designs that they claim will give the best performance, cost the least and be the most reliable. Even established companies like Sharp Corp., which has been in the solar business for nearly 50 years, are entering the field.

 ”I think there’s a huge space [for CPV technology],” said Brad Collins, director of the American Solar Energy Society. “Solar deployment on a utility scale will explode in the next five years.” CPV’s perks CPV technology reduces the need for large amounts of photovoltaic material, which is often the most expensive part of a solar operation. But traditional photovoltaic companies installing panels on rooftops or in small arrays need not worry about the new kid in town. CPV is, by design, better suited for large utility-scale setups. “It doesn’t compete with traditional PV. The applications are different,” Collins said. “One’s going to be a power plant, and one is a distributed resource. It’s not comparing apples to apples.” The technology, however, will compete with large concentrating solar power plants, Collins said.

Concentrating solar power, or solar thermal, involves using the sun’s energy to create heat that can be turned into electricity. Concentrating solar power and CPV are similar on many fronts. Both involve mirrors or lenses to magnify the sun’s energy, both have the capability to produce utility-scale solar power, and both operate best in sunny areas like the southwestern United States. The primary difference is the method used to convert the sun’s energy into electricity. “There are the big concentrating solar power plants — the solar thermal stuff that’s been around a long time — and they use mirrors as we do in a different way,” said Hartsoch, who is also director of the new trade group, CPV Consortium. And as CPV requires less photovoltaic material than traditional photovoltaic technology, it likewise requires less water than concentrating solar power systems. Hartsoch said SolFocus’ design uses 4 gallons of water per megawatt-hour of electricity produced — most of that to clean the panels — compared with about 850 gallons per megawatt-hour at a solar thermal plant. “I guess you could say it’s a drop in the bucket,” Hartsoch said. The technology has some other perks, as well. When compared with solar thermal approaches, CPV provides a qualitatively different approach, typically with lower water usage, greater flexibility in size of installation and the ability to respond more quickly when the sun returns on a cloudy day,” Sarah Kurtz, a CPV researcher at the Energy Department’s National Renewable Energy Laboratory, wrote in a recent paper. Hartsoch said SolFocus’ design is particularly appealing because 97 percent of the materials that go into the arrays are recyclable. The vast majority of materials used to create the company’s mirrored system are glass and aluminum, she said. And a cradle-to-cradle analysis of the company’s design found an energy payback time of six months, she said. SolFocus’ arrays can also be placed in irregular patterns to avoid sensitive areas or maximize land usage. And because the systems track the sun’s path throughout the day, “It’s still possible to have crops grow under the arrays,” she said. “It’s possible to have grazing.”

Needed: federal assistance But it is cost that will likely determine whether CPV technology takes off. Hartsoch said SolFocus’ technology is currently more expensive than traditional photovoltaic or thin-film technologies, in terms of cost per kilowatt-hour, but it is on track to be on par by next year and cheaper by 2011.

A report published this spring by Spanish scientists estimates CPV technology will achieve grid parity between 2011 and 2015 as efficiency increases in cells and optics bring about significant cost reductions. But the costs are not likely to drop without widespread deployment, and widespread deployment is not likely to occur without substantial investment in demonstration-scale projects. Kurtz estimates that cumulative CPV investment currently stands at about $1 billion worldwide, but that investment represents a mere smattering of small-scale projects, mostly in Europe. “The battle for a new technology like this, the challenge it faces, is the reason it’s good,” Hartsoch said. “What it brings is high efficiency, low carbon footprint, all those things. What comes with it is the risk of new technology.” Hartsoch said SolFocus and the CPV Consortium would like to see the federal government invest in the technology. It has already invested in research and development of CPV through its labs and grants to startup companies and academia. The next logical step, she said, is for the government to boost the scale-up process. “You’re now talking about small grants … to develop new technologies and some showcasing, but if you want to take this big-scale, there’s one more hurdle,” Hartsoch said. “What can you do to help us assure that it’s safe to deploy?” She suggested federal loan guarantees or installation of CPV demonstration projects on federal properties. While Hartsoch and her colleagues want to see CPV scaled up in the United States, they are concerned that won’t happen without federal intervention. SolFocus has installed about half a megawatt of CPV in Spain and is currently installing a 10-megawatt project in Greece. But the company only has about 10 kilowatts of CPV technology installed in the United States. “So many of these technologies have originated in the United States, but where they’ve really flourished and been taken to scale has been outside of the United States,” said Anita Balachandra, senior vice president of Washington, D.C., consulting firm TechVision21. “They’ve drawn them, and long term, we lose competitive advantage.”

Financing hurdles SolFocus is not the only company having trouble entering the U.S. market. Brian Gibson, director of business development for Emcore, said worldwide, his company has installed more than 1 megawatt of CPV capacity, but most of that is in Spain. Emcore currently is developing three pilot projects in the United States, but each will have a capacity of 100 kilowatts or less, he said. “We are pursuing larger projects at this point in time, but as with any newer technology, there’s going to be reluctance of the financial institution to take risk,” Gibson said. “It’s difficult to get anything sizable financed. We are looking at some 10- and 20-megawatt projects, but from a practical standpoint, you’ve got to do some 1- to 3-megawatt projects before anyone will finance you.” National Renewable Energy Laboratory’s Kurtz remains optimistic, though. “In the last 10 years, the solar industry has mushroomed, and the CPV industry is now growing rapidly,” she wrote. “With the overall PV market growing in the gigawatt range, CPV has an opportunity to enter the market with production of tens or hundreds of megawatts per year.” Kurtz added, “This is significant because CPV is unlikely to achieve low costs when manufacturing at less than tens of megawatts per year.”

Europe may loose PV leadership

The U.S. and China will soon pass Europe as the leading photovoltaics region. The factors determining these market dynamics will be price pressure and, in the case of the USA, political support for renewable energies, market researcher Frost & Sullivan finds.
 
MUNICH, Germany — The U.S. and China will soon pass Europe as the leading photovoltaics region. The factors determining these market dynamics will be price pressure and, in the case of the USA, political support for renewable energies, market researcher Frost & Sullivan finds.China will drive down the price for polysilicon and solar modules — with the effect that it will be able to strengthen its leading position as solar module supplier for global markets, a Frost & Sullivan study finds.

“When it comes to solar cells and modules, the Asian vendors are expanding aggressively,” said Frost & Sullivan Green Energy Research Manager Alina Bakhareva. “Low costs and increasingly technical expertise will help China to gain and increase its foothold in the global solar market. In particular European and Japanese competitors will suffer.”

Competition pressure will grow also from the side of the US which increasingly discover renewable energies as a future market. “The USA hitherto have used only a fraction of its huge potential,” Bakhareva stated. “They have all it takes to develop a strong and well diversified solar market.”

Europe clearly will lose market share, despite its advantages, the researcher said. When the competition heats up, the region can build on three important factors: A solid research landscape, competitive production and public incentives. These incentives however are decreasing, and the economy crisis with difficult access to capital will put smaller market participants such as retailers more under pressure than large projects. This will lead to what Frost & Sullivan calls a healthy slimming process. Nevertheless, the long-term trend towards renewable will remain unbroken, in particular towards solar energy.

In terms of local markets within Europe, Germany is seen to continue to have a strong position. Many large manufacturers currently are in the process of expanding their capacity or build new solar plants.

France, in contrast to Germany, tends to focus only on building-integrated PV applications since their operators are receiving the highest benefits due to the regulation situation. “While France achieved good growth rates over the past five years, we have the impression that the market would have developed better if politics would have treated all types of installations equally”, criticizes the Frost & Sullivan researcher.

While Spain also has become a major player in the solar game, public incentives have been reduced; Bakhareva estimates that the amount of new installations in 2009 will decline in comparison to 2008.

Italy and Greece are “sleeping giants”, the market sesearcher finds. The reason is that these countries have a high potential and attractive feed-in-tariffs. Administrative hurdles however keep the sleeping giants from unfolding their potential

 
 Source:
Christoph Hammerschmidt

Frost & Sullivan

First solar plane set for 30 days round-the-world trip in 2011

Jean Cai, VP Deutche Bank (China)

The plane, covered in almost 12,000 photovoltaic cells, has a wingspan of 63.4 meters, or roughly that of Airbus A340, and only weighs 1,600 kg, equivalent to that of a motor car. It is reported to be able to reach a flying speed of 70 km per hour.

A model of the Solar Impulse plane is exhibited in Shenyang, capital of northeast China’s Liaoning Province, where the Deutschland-Chinesische Promenade program, part of a Sino-German friendly exchange event, is being staged.

The prototype is to be unveiled to media on June 26 at Dubendorf airfield next to Zurich, Switzerland.

The ongoing Deutschland-Chinesische Promenade program is part of the Germany and China Moving Ahead Together, an event jointly launched by Germany and China in 2007 under the theme of “sustainable urbanization”.

The whole event is scheduled to conclude during the Shanghai World Expo next year.

$13.5 billion of new private investment went into companies developing and scaling-up new technologies

 Total transaction value in the sustainable energy sector during 2008 – including corporate acquisitions, asset re-financings and private equity buy-outs – was $223 billion, an increase of 7% over 2007. But capital raised via the public stock markets fell 51% to $11.4 billion as clean energy share prices lost 61% of their value during 2008. Investment in the second half of 2008 was down 17% on the first half, and down 23% on the final six months of 2007, a trend that has continued into 2009.

On a regional basis, investment in Europe in 2008 was $49.7 billion, a rise of 2%, and in North America was $30.1 billion, a fall of 8%. These regions experienced a slow-down in the financing of new renewable energy projects due to the lack of project finance and the fact that tax credit-driven markets are mostly ineffective in a downturn.

With developed country market growth stalled (down 1.7%), developing countries surged forward 27% over 2007 to $36.6 billion, accounting for nearly one third of global investments. China led new investment in Asia, with an 18% increase over 2007 to $15.6 billion, mostly in new wind projects, and some biomass plants.

Investment in India grew 12% to $4.1 billion in 2008. Brazil accounted for almost all renewable energy investment in Latin America in 2008, with ethanol receiving $10.8 billion, up 76% from 2007. Africa achieved a modest increase by comparison, with investments up 10% to approximately $1.1 billion.

 Source: UNEP