Green Chip Stocks

Green Chip Stocks Index:

ABB (ABB) - 23.00 -0.08

Canadian Solar (CSIQ) - 39.19 -0.52

Chipotle Mexican Grill (CMG) - 664.09 -0.23

Daqo New Energy (DQ) - 42.70 -2.71

First Solar (FSLR) - 70.87 -0.82

General Electric (GE) - 26.29 ↑ 0.08

Hannon Armstrong (HASI) - 14.12 ↑ 0.07

Hanwha SolarOne (HSOL) - 2.59 ↑ 0.04

iPatch DJ-UBS Coffee ETN (JO) - 33.45 -0.45

iPath Pure Beta Coffee ETN (CAFE) - 22.15 -0.32

JA Solar (JASO) - 9.86 -0.26

Maxwell Technologies (MXWL) - 8.60 -0.26

NRG, Inc. (NRG) - 31.25 ↑ 0.45

NRG Yield, Inc. (NYLD) - 50.57 -0.11

Ormat (ORA) - 27.94 -0.07

Pattern Energy Group (PEGI) - 30.91 ↑ 0.10

SolarCity (SCTY) - 64.61 -1.38

SunEdison (SUNE) - 20.40 -0.39

SunPower (SPWR) - 36.68 -0.95

TerraForm Power (TERP) - 30.07 ↑ 0.08

Tesla (TSLA) - 259.32 -4.50

TransAlta Renewables, Inc. (RNW) - 11.34 ↑ 0.00

Trina Solar (TSL) - 14.38 -0.02

U.S. Geothermal (HTM) - 0.60 ↑ 0.02

Whole Foods Market (WFM) - 39.17 -0.62

Yingli Green Energy (YGE) - 3.39 -0.19

Japan Solar Investing

Japan Ready to Boost Solar Sector

By Sam Schrader   

Solar power firms are making the bet that the Fukushima disaster in Japan last year will be a game changer for renewable energy in Japan.

As reported by Reuters, the Japanese government is helping support this thinking by rolling out a very sizable subsidy for renewable energy by way of a feed-in tariff (FIT). Renewables still only account for around 1% of generated energy in Japan but that number is expected to jump very soon.

The plan the FIT mandates is that utilities buy electricity generated by renewable sources like solar, wind and geothermal at a premium for 20 years. Because of this system, which was enacted last summer, Japan’s Yano Research Institute expects the nation’s solar sector to balloon up to $18.9 billion.

While there is a risk of creating a bubble, the benefits outweigh the negative. According to vice president of Canadian Solar Japan Yu Kaname, “FIT is going to create a bubble without a doubt. That always happens with these kinds of schemes, but it will really kick off solar (in Japan).”

The purchase price of solar-generated electricity is expected to be set around 42 yen per kWh, which is higher than the 15 yen per kWh for industrial consumers and 25 yen residential users pay. However, FIT will change this and allow for “grid parity” to occur. Kaname stated, “We are almost at grid parity here. Think of what would happen if Japan allows things to run their natural course and solar reaches grid parity. We will be playing with the big boys.”

Because of this new system about to be put into play, foreign solar companies are salivating for a chance to enter the Japanese market. According to Suntech Power’s president of its Japan unit Yutaka Yamamoto, “The market is finally moving now that the FIT has been set, and we are being bombarded by inquiries…foreign firms will now be able to fight on an equal footing in the non-residential solar panel market, which is the area that will see the fastest growth.”

Solar panel sales rose by 30% in 2011 from 2010 with total generation topping 1 GW for the first time ever. With the FIT, total generation could be 2.5 GW by 2013. Combined with the fact that all 50 of Japan’s nuclear reactors are shut down, solar can make its power play right now.

Enjoy this article? Get more in our Free Newsletter

Jeff Siegel on CNBC
Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Your Privacy is Assured.

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Please Enter Your E-mail:




Related Articles

China Solar Railway Investment
New Railway project could lead to 800 additional megawatts of solar capacity.

Solar Alleviates Energy Poverty
Solar can help alleviate energy poverty throughout the world.

Solar Trade War Opportunities
The silver lining in an unbelievable stupid solar protectionist policy.