India and UAE agree to promote cooperation in renewable energy
India and UAE have agreed to promote cooperation in renewable energy, especially in the areas of solar energy and wind power. A MoU was signed in Abu Dhabi on 18t January. The MoU was signed by Dr Farooq Abdullah, Minister of New and Renewable Energy of India and Dr Sultan Ahmed Al Jaber, Minister ofState of UAE. Both the countries also agreed to form a Joint Working Group for better coordination through joint research on subjects of mutual interest, exchange and training, etc.
Tamil Nadu tops electricity generation through wind farms
Tamil Nadu ranks first in electricity generation in the country through wind farming with just 74 wind monitoring stations. Minister for New and Renewable Energy Farooq Abdullah said the country generated about 19,934 MW of electricity through wind farming and has over 746 wind monitoring stations across 31 states.
Andhra Pradesh to have 2 solar cities
Andhra Pradesh will have two solar cities one each in Telangana and coastal Andhra regions. They will be developed as part of the national plan unveiled by the Union Ministry of Renewable Energy.
Warren Buffett orders for wind turbines
Renowned investor Warren Buffett's Berkshire Hathaway Inc company has decided to order about $1 billion of wind turbines for projects in Iowa and it tells how a drop in equipment costs is making renewable energy more competitive with power from fossil fuels. Worldwide, turbine prices have fallen 26 per cent since the first half of 2009, bringing wind power within 5.5 per cent of the cost of electricity from coal.
Government to promote renewable energy
The government is giving various fiscal and financial incentives, such as capital/interest subsidy, generation based incentives, accelerated depreciation, concessional excise and customs duties for the promotion of renewable energy sources in the country. The other steps to promote renewable energy are setting up of demonstration projects, intensive resource assessment, development of power evacuation and testing facilities, etc.
Government takes initiatives in renewable energy sector
The union government has taken a few new initiatives in the field of new and renewable energy sector during the last three years and the current year, said the Union Minister of New and Renewable Energy Farooq Abdullah in a written reply in the Lok Sabha on December 16
CLPs pooled financing experiment may get popular
CLP India, the Indian subsidiary of China Light and Power Group, has taken a new route to minimise the financial risk on its wind farms-ùthey are adopting the concept of pooled financing. With this, the company has become the first Indian firm to experiment with this new financial concept.