Posts tagged ‘Renewable energy’

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16/04/2014

India Signs Power Contracts for 700 Megawatts of Solar Capacity – Businessweek

India signed contracts to purchase solar power from companies building 700 megawatts of capacity awarded in a national auction.

English: Photovoltaic system with 19 Megawatts...

English: Photovoltaic system with 19 Megawatts peak near Thüngen/Bavaria Deutsch: Solarpark/photovoltaikanlage mit 19 Megawatt Spitzenleistung nahe Thüngen/Bayern (Photo credit: Wikipedia)

The government is waiting to sign purchase agreements for the remaining 50 megawatts from the auction in February, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said today in an interview in New Delhi. The agreements, which lock in rates for the power generated for 25 years, bind developers to complete the plants within 13 months.

Two developers dropped out after winning bids, including St. Peters, Missouri-based SunEdison Inc. (SUNE:US), which said last week it gave up a 20-megawatt project because local equipment shortages and prices make it unviable. The other developer that Kapoor didn’t identify forfeited its project after failing to get permission from its parent to proceed, he said.

via India Signs Power Contracts for 700 Megawatts of Solar Capacity – Businessweek.

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09/01/2014

India Plans Offshore Wind Energy Agency as Sites on Land Fill Up – Businessweek

India plans an agency to oversee the development of offshore wind farms as the country’s best sites on land fill up, prompting it to promote projects at sea.

English: Off shore wind turbines bathed in mis...

English: Off shore wind turbines bathed in mist and warm autumnal sunshine. The turbines are located on Burbo Bank about 4 miles offshore Français : Petite ferme éolienne offshore, dans la lumière d’un coucher de soleil automnal. Les éoliennes sont ancrées dans un banc (Burbo Bank) à environ 4 miles nautiques du littoral (Photo credit: Wikipedia)

The Ministry of New and Renewable Energy will seek cabinet approval soon to set up the agency, the government said today in a statement, citing Renewable Energy Minister Farooq Abdullah.

India is already Asia’s biggest wind-turbine market after China in terms of annual installations. The country has built 20 gigawatts of projects onshore, drawing about $16.5 billion a year in investment. Now it’s looking to expand at sea since most of the best sites on land are occupied and poor roads limit the introduction of larger, more productive turbines.

via India Plans Offshore Wind Energy Agency as Sites on Land Fill Up – Businessweek.

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23/11/2013

Green China? It Leads the World in Adding Renewable Electricity – Businessweek

China has earned a reputation as the world’s worst polluter. But if the International Energy Agency is right, the Asian nation is on course to set an example for the rest of the planet on the use of energy from renewable sources over the next quarter-century.

Power lines transmit electricity generated by the Three Gorges Hydropower Station at the Three Gorges Dam in Yichang, China, on July 22

According to the Paris-based agency’s World Energy Outlook, China will add more electricity generating capacity from renewable sources by 2035 than the U.S., Europe, and Japan combined. Hydro power and wind power will be the two main sources of China’s renewably sourced electricity, with solar photovoltaic cells coming in a distant third, according to the agency’s forecast. (Sorry, no link to the outlook: The IEA charges €120 ($162) for a paper copy.)

China is predicted to add more electricity generating capacity from renewable sources by 2035 than the U.S., Europe, and Japan combined.

These forecasts for China are from the agency’s central scenario, which assumes “cautious” implementation of policies that have been announced by governments but not put into effect as of mid-2013. The agency has two other scenarios, one assuming no new policies are enacted and another assuming drastic action against global warming that gives the world “a 50 percent chance of keeping to 2 degrees Celsius the long-term increase in average global temperature.”

From everything we’ve read in recent years about China’s insatiable thirst for energy, you might think the world’s No. 2 economy is going even bigger into coal than renewables, but that’s not the case, at least according to the IEA. The agency predicts that China’s share of global coal consumption will actually shrink a bit from 2011 to 2035.

China’s leadership has made energy a top priority. In 2011, the nation’s 12th Five-Year Plan set a goal of reducing energy consumption per unit of gross domestic product by 16 percent in the five years through 2015.

via Green China? It Leads the World in Adding Renewable Electricity – Businessweek.

See also: https://chindia-alert.org/economic-factors/greening-of-china/

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25/05/2012

* China to Spend $27 Billion on Emission Cuts, Renewables

Scientific American: “China’s central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement on its website on Thursday.

The ministry said China plans to promote more use of energy-saving products and low or no-emission power generation such as solar and wind. It also wants to accelerate the development of renewable energy, as well as energy-saving technologies, such as electric and hybrid cars.

China is the worlds biggest emitter of carbon dioxide CO2, followed by the United States. A report by the International Energy Agency IEA on Thursday said China spurred a jump in global CO2 emissions to their highest ever recorded level in 2011, offsetting falls in the United States and Europe.

However, its CO2 emissions per unit of GDP, or its carbon intensity, fell by 15 percent between 2005 and 2011, the IEA said, suggesting the world’s second-largest economy was finding less carbon-consuming ways to fuel growth.

Longer term, China is targeting cuts to its 2020 greenhouse gas emissions by 40-45 percent compared with 2003 levels and aims to boost its use of renewable energy to 15 percent of overall energy consumption.”

via China to Spend $27 Billion on Emission Cuts, Renewables: Scientific American.

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