Japan and Taiwan: Growing with Clean Energy

        Japan has continuously thrived towards solar energy and other renewable energy sources (as well as being a nation of energy storage), after an earthquake occurred in destroying Fukushima, a nuclear power plant, in March 2011. The government had put in place generous amounts of subsidies for alternative energy development. Both IHS and Bloomberg New Energy Finance predicts that Japan will be growing extensively towards solar energy than any other country, with the exception of China, in 2013.
        The natural disaster affecting the destruction of Fukushima has also triggered Taiwan to re-evaluate its nuclear power policy and has stirred protests against the construction of a fourth nuclear power plant, which is nearing its completion.
        Taiwan is also subsidizing clean energy and is planning to increase solar and wind energy development. Late last year, the government had raised the 2013 target for new solar energy by 30% to 130 megawatts. Not only this but Taiwan is actually home to major solar cell makers. By promoting more production of solar energy, this would help Taiwan's domestic solar manufacturers, who have been lately devastated by an oversupply of solar cells in the global market over the past two years. This, in turn, has caused prices to crash and forced many solar manufacturers to go out of business.
        However, one of the largest Taiwanese solar cell makers, Neo Solar Power, recently had announced a survival plan to merge with another Taiwanese solar cell maker, DelSolar. Neo Solar had claimed that the combined company will have "close to 2 gigawatts" of production capacity, which would be comparable to First Solar Inc.'s capacity of 1.9 gigawatts.

Miaoli, Taiwan

Solar Market Needs Investors

       According to Solar Energy Industries Association (SEIA), the cost to install solar panels is declining as the solar panel prices have dropped 41% last year compared to 2011. This, in turn, has helped United States solar installations grow 75% in 2012, from the amount of 1,855 megawatts in 2011 to 3,300 megawatts. Because of this steady growth in the solar market, researchers believe that by 2016, solar installations will continue to progress to an estimating amount of 9,000 megawatts.
      However, because there is a lack of investments in the solar market field, these solar projects will never be built or obtained. Bloomberg New Energy Finance forecasts that the industry will need $3.1 billion of equity investment in 2013, compared to $1.8 billion in 2012. Also, Environmental Defense Fund (EDF) is committed to helping expand the number of investors in solar projects as the opportunity of investing in such projects would yield much profit and it will enhance sustainability in society today.
      Large investors are able to choose between two strategies in terms of investing in these solar projects. The commonly used method would include making investments in large, utility scale projects. For example, recently, there have been residential solar developers creating funds for investors to take stakes in a large number of residential and small commercial solar projects. The other strategy is to have homeowners, whom don't have the upfront capital to purchase solar systems (which estimates the cost up to $15,000 or more), given the option to pay nothing down for solar equipment.
    EDF continues to plan an effort to reach out to potential solar investors to make the environmental case for investing in solar and other renewable projects. After all, investing in solar energy helps spur economic development, create American jobs, allow for energy independence and lessen our carbon footprint.

Investments towards renewable energy

      European investors in the next five years are withdrawing their finances from the construction of facilities generating fossil fuels and inserting them into better use: development of renewable energy sources, known as the RES. These claims were made from representatives from gas companies surved by the British-based Gas Strategies Group at the European Autumn Gas Conference, known as EAGC 2012.
        According to this survey, it was claimed that 42% of gas industry representatives believed that the whole share of investments would go to the wind power sector, 28% believed it would be towards the solar power industry, 13% thought it to be the coal-fired industry,  11% to the gas industry and 7% to the nuclear power industry.
       From last year, it seemed that opinions have indeed changed dramatically: support of solar energy has grew from 4% to 28%, coal-fired industry has grew from 2% to 13%, nuclear energy from 5% to 7%, wind power sector from 52% to 42%, and lastly but not least the gas industry from 37% to 11%.
       There have been reports in the Bloomberg New Energy Finance, that global investment in renewable energy development in 2012 was $268.7 billion, whereas there was $142 billion in investments towards solar power energy as well as the remaining $78.3 billion in the wind power sector.

      Ukraine has also been increasing their involvement in renewable energy. At the beginning of this new year, the total number of companies operating power plants, derived from renewable energy sources has increased to 80, and the number of the power plants has increased to 133, in which 39 are used for solar power energy.
     Ukraine actually has what is known to be the largest power plant in Europe.

Once construction is completed in 2015, this solar power farm is said to be equivalent to 207 football fields. It is expected to produce 100,000 megawatt-hours of electricity per year, meaning it can be enough to power 20,000 average-sized households.
Even today, Ukraine ranks 12th in energy rankings with installed renewable energy capacity of 54 GW.