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    India can save $7 billion per annum by use of LED bulbs: Goyal

    According to reports, India can save up to $7 billion (about Rs 43,750 crore) annually by replacing incandescent lamps with energy efficient LED bulbs, power minister Piyush Goyal said on Friday. “We have set challenging targets to save energy as energy conservation has an equally important role to play with generation. We are looking at savings of nearly 100 billion units of power, by the use of LED lights, translating into $7 billion annually,” he said at ‘Urja Sangam’ here ... Read More »

    Energy storage sector upbeat about renewables, micro-grid opportunities

    According to reports, renewable energy is here, can ‘storage’ be far behind? This industry riff captures an emerging mega trend, one that is underscored by three recent announcements. The first was that of the US renewable energy major, SunEdison, wanting to purchase 1,000 vanadium flow batteries from another US company called Imergy Power. A couple of months back, SunEdison had announced that it would jointly power 5,000 villages and small towns in India in collaboration with OMC Ltd, a company ... Read More »

    Solar, wind power production spikes up in Gujarat

    According to reports, the state produced 1,444.38 million units of solar power in 2014 while it produced 5,662.30 million units of wind energy during the same period. In the last two years, the wind power production capacity increased by 492.4 MW and that of solar power by 88.97 MW. Energy and petrochemicals minister Saurabh Patel in a written reply said that between February 1, 2013 and January 31, 2014 the wind power production increased by 290.95 MW while from February ... Read More »

    Meters to be installed in Coimbatore households using solar power

    According to reports, the Coimbatore corporation is likely to introduce meters for solar energy users this year. The civic body received a green signal from the Centre to implement the solar city project in Coimbatore in February. The first step is to implement the solar net metering in households. It will also set up 70KW solar power plants at the Velliangadu Pillur water pumping station, Vellalore dump yard and Ukkadam and Ondipudur sewage treatment plants at a cost of Rs3.75 ... Read More »

    Kindling the biomass flame

    According to reports, during the recession in 2008, Nashik-based metal fabrication firm Swami Samarth Enterprises found itself in the doldrums. Its order book shrank with its revenues, down from ₹50 lakh a month to ₹3 lakh. Just as hope was dying out for the firm, a customer approached the owner, Soumitra Kulkarni, with an order for 100 coal-based stoves. He paid an advance of ₹10,000, but didn’t come back to collect the manufactured stoves. Weeks later, when Kulkarni tracked him ... Read More »

    Modi Tops Obama Solar Pledge With First India Green Dollar Bond

    According to reports, as Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-power push, the bond market was putting together more concrete funding plans. Export-Import Bank of India, which has lent to solar and wind programs, sold the country’s first green dollar bonds in a $500 million issue of 2.75 percent notes March 24. India’s issuance of overseas securities meeting environmental criteria overseen by the Zurich-based International Capital Market Association could surge to ... Read More »

    Cheap power must be balanced with green energy, says Goyal

    According to reports, Piyush Goyal, Minister for Power, Coal, New & Renewable Energy, said cheap power has to be balanced with green power. Making energy affordable and reliable for users, has been a challenge so far, he said. At a session on ‘Global Dependence and Energy Security’ at Urja Sangam – 2015, Goyal said one way to address the problem of energy security is by strengthening it by harnessing and utilising domestic resources such as coal, sun and wind. Innovative ... Read More »

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