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Daily Archives: April 24, 2012

SunEdison Completes First Phase of Innovative Solar Deployment over the Narmada Canal

SunEdison, a leading worldwide solar energy services provider and subsidiary of MEMC Electronic Materials, Inc., today announced the completion of the first phase of an innovative solar project on the Narmada Canal in Gujarat, India. The announcement was made today at an inauguration ceremony attended by Shri Narendra Modi, Chief Minister of Gujarat State, and Pashupathy Gopalan, Managing Director, South Asia and Sub-Saharan Operations, SunEdison. The 1 megawatt (MW) power plant located in Sanad, a town in Ahmedabad, Gujarat, is ... Read More »

Wind energy venture capital funding off to a breezy start at $240 million in Q1

According to reports, the global venture capital funding in the wind energy sector has got off to a strong start with deals worth $ 240 million for 12 deals in the first quarter of this calender year. According to Mercom Capital Group, a global clean energy communications and consulting firm, venture capital funding in the first quarter stood at $ 240 million through 12 deals, compared to just $ 12 million for two deals in fourth quarter of last calendar ... Read More »

Luminous Power Technologies launches new series of solar products

According to reports, Power back-up solutions provider  Luminous Power Technologies has launched new series of  solar products consisting  solar charge controller and solar lanterns targeteing rural home lighting market. The solar lantern provides up to 10 hours backup on highest intensity and up to 16 hours on low intensity in one recharge. The solar charge controller reduces dependency on batteries . “Our solar product offering includes the affordable Solar Lantern, which ensures connectivity and lighting to rural India and the ... Read More »

Fedders Lloyd, US-based Invenergy in talks for wind farm venture

According to reports, B R Punj-promoted Fedders Lloyd Corporation Ltd (FLC) is in the initial stage of discussions with US-based Invenergy LLC, a wind power generation company for developing wind farm projects in India and African countries like Tanzania and Kenya, a senior official of the company informed. FLC is looking for an equity partnership with Invenergy for an investment of around Rs 2,000 crore for wind farms. “We are considering a foray into wind farm business and have initiated ... Read More »

ADB to fund RPower’s solar project in Rajasthan

According to reports, to help boost private investment in renewable energy, multilateral lending agency ADB has announced $103-million loan to Reliance Power for setting up a 100-MW solar plant in Jaisalmer district of Rajasthan. “I would like to inform you that ADB has just agreed to extend financing for Reliance Power’s 100-MW concentrated solar thermal plant, which will be one of the largest solar power generation facilities in India and Asia as well,” ADB Director-General (Regional and Sustainable Development Department), ... Read More »

IIT-Delhi professor tames hydrogen for engines

According to reports, an IIT Professor, who is hoping to us give a clean, green and hopefully inexpensive fuel, has developed an alternative to petrol and diesel. It’s a dream Professor L M Das of the Centre for Energy Studies at IIT Delhi nourished for 25 years, using Hydrogen gas as an automobile fuel. “Hydrogen can be made from both renewable and non-renewable sources. It’s made from water. On combustion, it gives back water. The noxious emission from burning petroleum ... Read More »

Cleantech business will be $350 b by 2020, says Grant Thornton

According to reports, the global business for cleantech energy will be as big as $ 349.2 billion in 2020, compared with $ 188 billion in 2010, says Grant Thornton, the consultancy firm. In a recent report, Grant Thornton observes that cleantech business is no longer something that companies do in order to be seen as doing the right thing. Today’s drivers of cleantech businesses are cost reduction opportunities, the report says. The business is already growing. While not yet being ... Read More »

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