Posts tagged ‘clean energy’

06/02/2015

Companies set to back huge India solar expansion | Reuters

India could start installing 20,000 megawatts of solar power capacity as early as April after companies pledged to support the government’s drive for clean energy, an official told Reuters.

A worker cleans photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, in Gujarat, February 11, 2014. REUTERS/Amit Dave/Files

Details of the plan, which has drawn commitments from U.S., German and Chinese companies, will be announced on Friday, said Upendra Tripathy, secretary of the Ministry of New and Renewable Energy.

“We have got commitments from very established industry, both foreign and domestic for next year,” he said in an interview at his office.

Foreign companies will be allowed to decide where they manufacture the required equipment, he said.

via Companies set to back huge India solar expansion | Reuters.

04/11/2014

Smog-Heavy China Tops Clean-Tech Investment Rankings – Businessweek

The best developing country in which to invest in clean-tech? It’s China, according to a new analysis (pdf) by Climatescope, a collaborative research project whose partners include Bloomberg New Energy Finance and the U.K. Department for International Development.

A solar thermal power generation system being built in Anhui province, China

China is, paradoxically, both the world’s top emitter of greenhouse gases and the largest investor in green energy. This can be true because China’s demand for energy is increasing quickly enough to stoke demand for both traditional fossil fuels and renewable energy. As the report notes, China’s annual energy consumption ballooned a stunning 51 percent from 2008 to 2013. In the same period, India’s power generating capacity expanded 56 percent, while the U.S.’s rose just 6.8 percent.

China is now the world’s top maker of wind and solar equipment, with numerous factories supplying both component parts and finished products. While its solar manufacturing industry was originally export-oriented, China since 2013 has been “the largest demand market for renewables” and “has taken major strides to improve its domestic policy framework” for green energy investment, the report finds.

via Smog-Heavy China Tops Clean-Tech Investment Rankings – Businessweek.

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