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Daily Archives: December 4, 2012

Tamil Nadu industry in dark on solar purchase obligation norms

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According to reports, with the Solar Purchase Obligation (SPO) set to kick in from January 2013 for industrial and commercial consumers in Tamil Nadu, the details of its implementation need to be finalised for clarity, say industry representatives. Industrial consumers with captive wind capacities are worried. To them, the SPO is an added expense even as they try to meet the 9 per cent Renewable Energy Purchase Obligation (RPO) in place under the prevailing laws . Those ‘obligated’ to meet the ... Read More »

Bankers unlikely to bend to Suzlon’s demands for Rs 65 billion as part of CDR

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According to reports, cash-strapped wind turbine maker Suzlon may have got the in-principle approval for restructuring its debt of over Rs 14,000 crore but bankers are unlikely to give in to all the company’s demands. According to well-placed sources, the company has demanded capital to the tune of Rs 6,500 crore from the lenders as part of the corporate debt restructuring (CDR) exercise, in addition to asking bankers for a two-year moratorium and fixing the interest rate at 11%. According to ... Read More »

European IT services giant Atos invests in Tamil Nadu Wind Farm to offset data centre CO2

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According to reports, European IT services giant invests in south Indian wind farm to offset the 170,000-tonne carbon footprint of its data centres. Atos has invested in a wind farm in Tamil Nadu, south India, to help offset the carbon emissions of its data centres. The investment is one component of a new bid by the company to halve its carbon footprint – compared to its 2008 baseline – by 2015. Atos’s data centres currently produce 170,000 tonnes of carbon dioxide a year. ... Read More »

Carbon Clean Solutions receives £3.5 million from UK DECC

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Carbon Clean Solutions (CCS) , a company that develops carbon dioxide (CO2) capture technology. The company has developed a new class of solvents APBS, patented by Carbon Clean Solutions, that has been specifically developed for carbon capture from power and industrial  plants. Individual savings on capital and operational expenditure are expected to be of the order of 20% and 30%, resulting from lower heats of dissociation, lower solvent degradation (therefore longer effective lifetime) and a lower corrosive effect on plant ... Read More »

Greenko continues small hydro acquisitions with a €18.3 million buyout of 14 MW Himachal Project

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Indian developer of clean energy projects, Greenko, has acquired its 11th hydro power project in Himachal Pradesh, a mountainous region of northern India. The run-of-river hydro project, known as Sumez 14 MW, is located near Greenko’s existing cluster of Himachal projects and has a total value of approximately €18.3m. In a normal hydrology year, Greenko’s Himachal portfolio of hydro projects is expected to collectively generate approximately €15m in EBITDA (earnings before interest, tax, depreciation and amortisation) from power sales at ... Read More »

Madurai Kamaraj University to tap wind power

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According to reports, along with tapping of solar power, Madurai Kamaraj University here is planning to set up a windmill also to meet its increasing energy requirements. To seek funding support from the State government for its energy initiatives taken up under the ‘Green Campus’ plans, Vice-Chancellor Kalyani Mathivanan has sought for an appointment with the Chief Minister to apprise her about the varsity’s financial needs and the progress made in recent months. “There is scope to tap wind energy ... Read More »

Central University of Rajasthan uses solar energy to meet 60% requirements

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According to reports, that a state with abundant sunshine should set an example in using solar energy to meet most of its requirements is still a distant dream. But, the Central University of Rajasthan, in a first-of-its-kind initiative, has shown the way by meeting 60% of its energy needs through solar energy. The university is the first in the state and among the eight central universities formed by the HRD ministry to have successfully channelized solar energy to meet daily requirements. The ... Read More »

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