Rejuvenating Earth

Revving the hope of better future generation is underway! Majority of the natural sources of energy i.e. crude oil & coal is used for lighting up the lives on earth. Nevertheless, this lighting up comes with a cost of pollution and degradation of living beings. Non- renewable energy depletes the ozone leading to ozone hole in the atmosphere. Renewable energy on other hand is the best to lighten the world; it is the cleanest form of energy leading to saving of energy bills without damaging the environment.
Many companies around the world are installing the renewable energy source of energy to fulfill their energy demand. GOI offers people to install renewable energy source and can pass surplus energy to neighbors charging while doing this. This might promote solar panel usage. New technology regarding renewable energy is gaining attention of private equity and investors. Investors are aware about the 1 time capital expenditure and 3-5 years gestation period but after that, there would be penny cash outflows from company for paying for the maintenance of wind blades or solar panels. Business parks, apartments and malls being encouraged to install solar window panels to have greater surface area for panels to absorb energy. For this government is providing subsidiaries upto 50%. New technology like window solar charger is also introduced in markets to charge portable devices thru green energy. Government of India is also planning to install solar panels on trains and buses roof to shift from non-renewable energy to renewable energy. These measures are already running on trail basis.
Not everything is rosey for renewable energy players. In India, importing solar panels is better option rather than manufacturing it. Many corporations are facing turbulent times cause of this. India faces the challenge of transmission of the energy cause of obsolete transmission lines and inadequate infrastructure to support transmission of energy from solar and wind farms. Cost of setting up of coal based power plant @15% capacity is 4crore/Mw, whereas wind energy is 6cr/Mw of same capacity utilization and solar energy is 18cr/Mw. 98cr/Mw for 80%capacity utilization for solar and 18cr/Mw @ 80%capacity.
 Nations have poured zillions and zillions of capital in crude and coal based energy, which will find difficulty shifting to renewable energy sources, employment level, banks, huge corporations like Saudi aramco, Russia’s guzprom , Exxon would be facing choppy times from this value migration but it will gradually has CO2 emission has to be  reduced by countries. Last month, Norway’s pension fund has given a list of 52 companies from which it would be pulling money; these companies were getting more than 30% of their revenues from coal and crude; would be looking in renewable energy avenues.
Government of India has allowed coastal line of peninsular India be utilized for setting up renewable energy projects. Suzlon energy ltd biggest player in wind energy be a beneficiary in this scenario. We can see they installed 900MW in 2015-16 up 100% from last year. Jordan, a 160-megawatt (MW) solar park, which is scheduled to open this summer, will the launch Jordan’s effort to reduce its fossil-fuel imports, which generated 96% of its energy last year and cost about 10% of GDP. Global solar energy capacity has risen to 26% last year. King Abdullah of Jordan has also ordered for placing solar panels on area of the mosque and palaces.
Nations are taking steps towards a cleaner environment by encouraging new technology and providing subsidiaries to promote green energy. The process of value migrating from non-renewable energy to renewable energy will be a difficult process in economic terms but environmentally it will provide a humongous benefit to living beings and their future generations.