DIFFUSION OF RENEWABLE ENERGY
It requires a multi-dimensional effort for the market to be considered
For Grid Integrated system there are two fundamental issues:
Cost reduction which means that technology manufacturers and technology developers has to make faster effort to reduce the unit cost. There is an issue of grid integration, usually grid operators don’t like Renewable’s because they are non-detachable therefore any effort in the direction of faster improving the inter-connectivity of the grid will actually reduce the consequences of that non detach-ability of renewable electricity OPPORTUNITY for more aggressive, intelligent & innovative firms that can provide services not only in the generation of electricity but most importantly in the provisional services associated with that. the clean energy services companies, services in grid integration in energy efficiency and perhaps in the integration of electric vehicles.
Other is a market of Off Grid Systems, system for remote application, here the problem is completely different first of all this is not that important compared to fossil fuel technology but Renewable’s may be only alternative. Think about remote villages in North East, South, Central & Western part of our country, the problem is how do you get the product there so it’s an operational problem secondly there is an issue of financing the purchase of those systems in that case we need models and intelligent schemes to help relatively poor people with very limited means to spread out the investments over a larger number of years and make those technologies affordable for them
In order to support the diffusion of Renewable’s is a multi-dimensional approach, over the past few years’ renewables have been primarily accelerated by the implementation of feed in tariff’s these are clearly demand pulled policies that creates artificial markets or niche markets were renewables are protected from competition. However, these efforts stimulate the diffusion of existing technologies. Basically companies pick the low hanging fruits, that’s not enough to promote the development of RE in the long term. To stimulate technological breakthroughs and to do that, you do need policies and mechanism to support fundamental R&D that can be done at the policy level through public interventions. It is interesting to know that RE Social Entrepreneurship is going to contribute remarkably in economic growth of society, people and Nation. So combination again of three fundamental drivers of RE,
a.) Demand pulled policy for the low hanging fruits.
b.) Diffusion of current technology, technology push effort, R&D.
c.) Economic growth model
EMBRACING THE GREEN REVOLUTION AND THE OPPORTUNITIES FOR THE FUTURE.
Primarily two areas of opportunities for RE or for businesses in the area of RE.
First, the new energy system is going to be completely transformed by the introduction of a decentralized generation and distributed generations system. That means that Utility of tomorrow would look more like the google then like the utilities that we know today. Their leaves room to lot of the more aggressive, intelligent & innovative firms that can provide services not only in the generation of electricity but most importantly in the provisional services associated with that and the clean energy services companies, services in grid integration in energy efficiency and perhaps in the integration of electric vehicles into the grid which, is a major opportunity for reducing CO2 emissions in the medium to long term.
Second, we have obviously for investors and the of VC’s trying to identify the new black swan in the RE sector, promoting and supporting the investors, supporting the radical innovation. Recently that there are few developments in the organic cells for PV that seems very promising. Clearly those opportunities are tremendous for the investors who has the stamina, the courage, the ability to basically handle the risk
EXPECTATION AND HOPE FROM COP21
What we saw in the past is the stability of political and regulatory framework is fundamental to accelerate renewables. So any policy which is fluctuating overtime or changing every two or three years usually kills renewables, we saw that in Spain where very generous FIT have been suddenly removed from the government we saw the same in Italy and that basically killed entire PV industry so hope that we can reach an international agreement which if not perfect could be at least stable enough and sustainable enough to create the stable framework that investors and operators need in that industry to develop their systems and to plan for long terms investment