Rational Exuberance for Renewable Energy An Economic Analysis
Rational Exuberance for Renewable Energy is a beyond-the-hype account of the underlying issues that encourage or plague widespread dissemination of renewable energy (RE) technologies. Renewable energy operates in the real world, and it cannot be ass
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For further volumes: http://www.springer.com/series/8059
Srinivasan Sunderasan
Rational Exuberance for Renewable Energy An Economic Analysis
123
Dr. Srinivasan Sunderasan Verdurous Solutions Private Limited 145, Navillu Road 7th Cross Kuvempunagar 570023 Mysore, Karnataka India e-mail: [email protected]
ISSN 1865-3529
e-ISSN 1865-3537
ISBN 978-0-85729-211-7
e-ISBN 978-0-85729-212-4
DOI 10.1007/978-0-85729-212-4 Springer London Dordrecht Heidelberg New York British Library Cataloging in Publication Data A Catalogue record for this book is available from the British Library Ó Springer-Verlag London Limited 2011 Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted under the Copyright, Designs and Patents Act 1988, this publication may only be reproduced, stored or transmitted, in any form or by any means, with the prior permission in writing of the publishers, or in the case of reprographic reproduction in accordance with the terms of licenses issued by the Copyright Licensing Agency. Enquiries concerning reproduction outside those terms should be sent to the publishers. The use of registered names, trademarks, etc., in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant laws and regulations and therefore free for general use. The publisher makes no representation, express or implied, with regard to the accuracy of the information contained in this book and cannot accept any legal responsibility or liability for any errors or omissions that may be made. Cover design: eStudio Calamar, Berlin/Figueres Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
I know Dr. Sunderasan and his work from his days as a Ph.D. student in Vienna. And from the very beginning two things characterize him, one personal (very eager to learn and to engage in research) and the second concerns his fresh views on alternative energy in particular solar energy (PV, primarily) that contrast so starkly the thinking in the industrialized world. His propositions are: (i) alternative energy and solar power in particular must succeed in the market (and not in the game for subsidies) and (ii) that developing countries with their lack or unreliable supply due to their poor infrastructure, the lack of a grid, the many blackouts, the costly technologies diesels are the area where solar power should have a comparative advantage. This contrasts the fact that Germany is proud as the leading in number of solar panel installations yet having world class infrastructure and a summer a German poet of the 19th century called ‘mild winters’ (although global warming has changed that a bit, but just writing this foreword at the beginning of September, we had snow fall down to 1000m elevation). Of course, this success is financed by hefty subsidies via (much acclaimed) high feed in tariffs generating a money pump for its investors. It is obvious that an efficient deployme
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