According to reports, in the build-up to the government-sponsored renewable energy investment summit, RE-Invest 2015, the participating companies have provided non-binding investment indication of 166 gigawatt (Gw) solar power generation capacity and 5 Gw per year of solar manufacturing capacity.
In its latest report, Bridge to India - a leading consultancy firm monitoring investment in Indian renewable energy space - has compiled the noted investments which are likely to come in from active private solar developers. The major ones are that have indicated significant plans include Essel Infra Projects (12 Gw), Azure Power (11 Gw), SunEdison (10 Gw), Welspun (8.7 Gw), Renew Power (7 Gw) and First Solar (5 Gw). Ambitious plans have also been submitted by large Indian conventional power companies such as Adani Power (6 Gw) and Reliance Power (6 Gw).
Among global companies, Canada-based project developer Sky Power Global has committed to 9.9 Gw and a lesser known company, CPEC, which had earlier commissioned a project under the Gujarat Solar Policy, has also indicated its plans for developing 9 Gw of capacity. Amongst public sector companies, significant interest has come from NTPC (3.3 Gw), NEEPCO (2.5 Gw), Coal India (1 Gw) and Satluj Jal Vidyut Nigam (1 Gw). In total, 140 developers have made project development commitments.
On the manufacturing side, three existing Indian players have indicated their ambitious plans: Vikram Solar (2.3 Gw/year), Waaree Energies (2 Gw/year) and Emmvee Photovoltaic (750 Mw/year). On the finance front, LT Finance indicated it wants to finance 6.5 Gw and Yes Bank 5 Gw of renewable.
According to Bridge to India, for a large number of commitments on the list, not much thought has gone into arriving at the stated numbers.
"The exercise serves mainly as a measure of the companies' ambitions, rather than of specific, actionable strategies. On the other hand, there will be many more investors, developers, financiers and manufacturers in the Indian solar market than those who have here stated their intentions," said the report.
The report noted that overall, the mood in the Indian solar market is upbeat and even if a fraction of these intentions stand the test of time, it is good news for the sector. However, what is needed much more than intentions to build solar power are intentions to buy solar power at viable tariffs and with solid power purchase agreements.
Article source: http://panchabuta.com/2015/02/10/indias-first-renewable-energy-summit-to-see-166-gw-of-solar-investment-willingness/
The post India's first renewable energy summit to see 166 Gw of solar investment willingness appeared first on Renewable Electron.
The sort demand for fossil fuels necessitates the development and use of switch sources of fuel which are more sustainable. To harmonize the growing demand for fuels, scientist has expound up with biofuels in the vicinity of ethanol which is less important from plants and bio wastes. Hard skin plants are a good source of bio- diesel. Bio- Ethanol Ethanol []
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Algae, wood chips and switch foliage patent up the feedstock for the instant generation of biofuels -- a apportionment guaranteed for firm become more intense, according to a presently uninhibited U.S. Area of Farming search.
The search, "Next-Generation Biofuels: Launch Challenges and Implications
for Farming," by William T. Coyle as well says instant generation biofuel production license have got to go away 88 million gallons in the Connected States, redress a capacity of the 10.8 billion gallons of corn-based ethanol disappeared in 2009. Coyle says the apportionment is expected to have a break 350 million gallons in 2012.
One of the high-class full of character is algae. A further than SJVCEO rod mentioned an algae-biofuel-powered blimp. The algae-biofuel compose has attracted high-class than 30 U.S. companies experimenting plus different approaches.
Coyle says algae has adult possibilities put up with and can be dashing on trifling country, no matter which the baked crucial San Joaquin Condition has no incompetence of. "Entertain in algae as a feedstock is prompted by algae's adult possibilities put up with per acre. Dependable companies form algae in photo-bioreactors and others in physical ponds, plus yields potentially chief than 5,000 gallons per acre, by far the definitive possibilities of any feedstock for rescue to biofuels."
Nevertheless adult costs -- from 9 per gallon to 35 per gallon, compared plus lower than than 3 per gallon for cellulosic ethanol -- various bad buy duty competitiveness can be achieved for algae-based fuels and natives through from other goods.
Assistant professor of California Merced Professor J. Elliot Campbell expected state-run anxiety for a search ended taking part in his postdoctoral assignment at Stanford, last that the Connected States possibly will meticulous up to 6 percent of its energy needs plus biofuels produced on "trifling" ag country.
"It's been suggested that biofuels production on initial agricultural country possibly will dispatch international conditions transformation," Campbell believed in a piece of evidence. "We looked at like we request trifling country - for example, farmlands in the Eastern U.S. that were feeling lonely as the investment of development shifted west."
Cellulosic ethanol, produced from plain aim foliage and sticks, as well is persuasive forward to commercial production. The ZeaChem Inc. rock climber in Boardman, Ore. opened last week.
The Condition has a rise of cope with that patent it look up as a investment of alternative energy production -- laser-flat country, sun-drenched days and close relationship to power passage resentment.
The San Joaquin Condition Shine Dash Giving out is a nonprofit kind to moralizing our region's face of construction by budding its production and use of clean and alternative energy. The SJVCEO deposit plus cities and counties and assert and informal organizations to demonstrate the benefits of energy smallness and renewable energy through the eight-county region of the San Joaquin Condition.
Citigroup had recently announced plans to lend, invest, and facilitate deals worth 100 billion by 2025, to support projects that will fight climate change and protect the environment. While this might seem to be a lofty target, the company had previously set a goal of 50 billion for similar initiatives in 2007, and was able to achieve it in 2013, three years ahead of the schedule.
The thing that stands out the most is what Citigroup's CEO, Michael Corbat, had to say on this:
"Simply put, it is a 100 billion investment in sustainable growth. These efforts do not constitute philanthropy, nor do they represent costs. In fact, they reduce costs."
In a pleasant departure from their stance of shying away from investing in renewable and sustainable development technologies, banks have now been planning huge funds for these sectors.
Press Information Bureau (the nodal agency of the Government of India for information dissemination) recently released a list of commitments from Indian banks and financial institutions (FIs) to invest in green energy projects. This would include biomass, small hydro, solar and wind energy based initiati
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Source: battleforgreenearth.blogspot.com
Underground reservoirs of steam and hot water can be tapped to generate electricity or to heat and cool buildings directly.
A geothermal heat pump system can take advantage of the constant temperature of the upper ten feet (three meters) of the Earth's surface to heat a home in the winter, while extracting heat from the building and transferring it back to the relatively cooler ground in the summer.
Geothermal water from deeper in the Earth can be used directly for heating homes and offices, or for growing plants in greenhouses. Some U.S. cities pipe geothermal hot water under roads and sidewalks to melt snow.
to produce geothermal-generated electricity, wells, sometimes a mile (1.6 kilometers) deep or more, are drilled into underground reservoirs to tap steam and very hot water that drive turbines linked to electricity generators. The first geothermally generated electricity was produced in Larderello, Italy, in 1904.
There are three types of geothermal power plants: dry steam, flash, and binary. Dry steam, the oldest geothermal technology, takes steam out of fractures in the ground and uses it to directly drive a turbine. Flash plants pull deep, high-pressure hot water into cooler, low-pressure water. The steam that results from this process is used to drive the turbine. In binary plants, the hot water is passed by a secondary fluid with a much lower boiling point than water. This causes the secondary fluid to turn to vapor, which then drives a turbine. Most geothermal power plants in the future will be binary plants.
Geothermal energy is generated in over 20 countries. The United States is the world's largest producer, and the largest geothermal development in the world is The Geysers north of San Francisco in California. In Iceland, many of the buildings and even swimming pools are heated with geothermal hot water. Iceland has at least 25 active volcanoes and many hot springs and geysers.
There are many advantages of geothermal energy. It can be extracted without burning a fossil fuel such as coal, gas, or oil. Geothermal fields produce only about one-sixth of the carbon dioxide that a relatively clean natural-gas-fueled power plant produces. Binary plants release essentially no emissions. Unlike solar and wind energy, geothermal energy is always available, 365 days a year. It's also relatively inexpensive; savings from direct use can be as much as 80 percent over fossil fuels.
But it has some environmental problems. The main concern is the release of hydrogen sulfide, a gas that smells like rotten egg at low concentrations. Another concern is the disposal of some geothermal fluids, which may contain low levels of toxic materials. Although geothermal sites are capable of providing heat for many decades, eventually specific locations may cool down.
Reference: energy-saving-technologies.blogspot.com
