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.
Solar power to light up highways in Tamil Nadu
A unique project to illuminate traffic junctions, toll plazas and accident-prone zones along National/State Highways in Tamil Nadu is taking shape with the Ministry of New and Renewable Energy considering a proposal under the Jawaharlal Nehru National Solar Mission. Additional Director-General of Police (State Traffic Planning Cell) S Rajendran said a team of experts from the ministry held discussions with the state authorities and another round of deliberations to finalise the pilot project was
Vikram Solar promotes national solar manufacturing capacity
Vikram Solar, which is developing a solar module with 100 per cent domestic raw materials, is firmly committed to advancing the public policy goals of the nation. Its endeavour would surpass the domestic content requirements laid down by the Ministry of New and Renewable Energy for the Jawaharlal Nehru National Solar Mission.
AP seeks Centre's aid for renewable energy
To support Andhra Pradesh government's efforts in strengthening the evacuation network for renewable energy projects, including wind farms, the Union Ministry of New and Renewable Energy has agreed to consider a proposal of the State government in this regard.
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