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Sustainability Outlook Headlines

SunBorne Partners With IPP Eoxis Energy For Solar Project In Gujarat

 Solar projects developer SunBorne Energy has joined hands with Europe-based IPP Eoxis Energy for executing a 15 MW solar photovoltaic (PV) project being built in Gujarat, the company has said in a statement on Wednesday. This project marks Eoxis’ first investment in the country.

The project is expected to be operational by December 2011 and falls under the solar programme of Gujarat.

“We are excited that an investor of Eoxis’ strength has shown confidence in our company’s project. We look forward to strengthening our partnership with Eoxis Energy,” Anil Nayar, CFO of... Read more..

Source: VC Circle

Solectria Expanding Solar Inverter Manufacturing Into India, China

 Solectria Renewables LLC, a PV inverter manufacturer, says it is expanding its manufacturing operations into India and China to take advantage of growth opportunities for commercial- and utility-scale photovoltaic projects in those countries.

Solectria plans to establish a 300 MW manufacturing plant in China and a 200 MW plant in India. The additional capacity will support those local markets, the company says.

"We have expanded our manufacturing capacity in North America to 1 GW this year, and we are strategically expanding our manufacturing into India and China to be at... Read more..

Source: Solar Industry Magazine

Nalco the Aluminum giant from Orissa beaconing the world

 National  Alumium Company Limited  (Nalco) is considered to be a turning point in the history of Indian  Aluminum Industry. In a major leap forward, Nalco has not only addressed the need for self-sufficiency in aluminium, but has also given the country a technological edge in producing this strategic metal on the best of world standards. Nalco was incorporated in 1981 in the public sector, to exploit a part of the large deposits of bauxite discovered in the East Coast, in technological collaboration with Aluminium Pechiney of France.

Nalco’s original project cost of Rs. 2408 crore... Read more..

Source: Orissa Diary

'Indian cities can't do without a Metro'

 No city will have a choice about having a Metro. And if it is a city with more than 3 million population, it will be mandatory that a Metro rail be put in place in the next five years.

This is one of the major recommendations made by the working group on urban transport in the Planning Commission.

Speaking to TOI from Delhi on the eve of Bangalore's Metro launch, chairman of the commission's working group and MD of Delhi Metro Railway Corporation (DMRC) E Sreedharan said: "Seven cities are already building the Metro. If the city's population is 2 million, they must start... Read more..

Source: Times of India

Iron exports from Goa may plunge this year

 Mineral exploration companies in Goa have warned that iron ore exports from the state are likely to experience a sharp decline this year due to the ongoing row over illegal mining, with overseas shipments plummeting even before the mining season formally kicked off in mid-September.

According to industry players, exports fell almost 50 per cent during the monsoon this year in comparison to the previous year.

“The worries about decreasing exports were discussed recently at a meeting of stakeholders called by the Mormugao Port Trust (MPT),” highly placed sources said.

... Read more..

Source: Hindu Business Line

India, France to talk eurozone crisis, Af-Pak, nuclear deal

 FrenchForeign minister Alain Juppe, who is arriving here on a three-day visit on Thursday, will hold a wide-ranging discussion with his Indian counterpart SM Krishna. 

India is most likely to urge France, the host of the forthcoming G-20 summit, to help evolve a credible recovery plan to combat the eurozone crisis. The two sides will also discuss a swathe of other issues, including the Afghanistan-Pakistan situation and bilateral civil nuclear cooperation. 

Juppe is also likely to meet Home Minister P Chidambaram. He will also call on Prime Minister Manmohan Singh to invite... Read more..

Source: Economic Times

Business leaders issue 2˚C Challenge Communiqué

 More than 175 of the world's largest companies will today call on governments around the world to agree a "robust, equitable and effective agreement" on climate change at the Durban summit later this year.

Shell, Tesco, Kingfisher, BSkyB, Unilever, Lloyds Bank and EDF are among the businesses from 29 countries to endorse the 2˚C Challenge Communiqué launched in cities across the world by members of the Corporate Leaders' Network for Climate Action (CLN).

As BusinessGreen revealed earlier this month, the Communiqué warns that without urgent action climate change threatens to... Read more..

Source: Business Green

GM crops promote superweeds, food insecurity and pesticides, say NGOs

 Genetic engineering has failed to increase the yield of any food crop but has vastly increased the use of chemicals and the growth of "superweeds", according to a report by 20 Indian, south-east Asian, African and Latin American food and conservation groups representing millions of people.

The so-called miracle crops, which were first sold in the US about 20 years ago and which are now grown in 29 countries on about 1.5bn hectares (3.7bn acres) of land, have been billed as potential solutions to food crises, climate change and soil erosion, but the assessment finds that they have... Read more..

Source: Guardian

IBSA puts equity back on climate talks agenda

 The Tshwane Declaration of India, South Africa and Brazil as part of the IBSA grouping's dialogue hinged the Indian climate change policy back to the original peg with equity and the assured future of Kyoto Protocol being brought to center-stage again. 

The statement, agreed to by the heads of three of the four BASIC countries, including Indian PM Manmohan Singh, demanded an agreement on second phase of Kyoto Protocol, put the principles of equity and differentiated responsibilities on the agenda, linked their actions to financial support from the developed countries and reminded... Read more..

Source: Times of India

Japan sees no progress on new CO2 schemes in Durban

Japan does not expect climate delegates to come to any conclusions in South Africa next month on how to include new emission-cut schemes in rich countries in a new global climate deal, a government official said on Wednesday.
 
Japan wants to use a new type of carbon offset through bilateral agreements with countries in Asia from January, 2013, to supplement the U.N.'s emission-cut efforts, the official said, reiterating Tokyo's stance on developing an alternative to the U.N.'s carbon market.

Japan is aiming to help Asian countries carry out commitments agreed at a... Read more..

Source: Reuters UK

India Committed to Low Carbon Growth Strategy in Power Sector: Shinde

India is actively pursuing a low carbon growth strategy in the Power Sector to address climate related issues. This was stated by the Minister of Power Shri Sushilkumar Shinde at the International Energy Agency (IEA) Ministerial Meeting in Paris.

Pointing out that India’s future energy mix is likely to be coal dominated due to endowment of domestic coal reserves, Shri Shinde said that India is moving towards Super Critical Technology in coal based thermal plants along with rapid induction of other Clean Coal Technologies. He said that during the 13th Five Year Plan (2017-2022),... Read more..

Source: Machinist.in

Carbon prices in UN market are slumping as demand flags

United Nations Certified Emission Reduction credits for 2011 dropped to a record low amid rising supply and slowing industrial production.

Credits for December 2011 slumped as much as 5.3 percent to 7.15 euros ($9.82) a metric ton on the ICE Futures Europe exchange in London and were at 7.28 euros as of 4:06 p.m. local time. European Union allowances for December dropped as much as 3.6 percent to 10.31 euros.

“We’ve got a lot of carbon around,” Trevor Sikorski, an analyst for Barclays Plc (BARC) in London, said on Bloomberg Television’s “On the Move” with Owen Thomas. “It’s... Read more..

Source: SmartBrief

Himalayas better than desert for solar power generators

Researchers in Japan claim the Himalayas have a large potential of photovoltaic (PV) electric power generation from sunlight that can supply energy to India and China. They suggest these mountains could be more ideal than hot deserts for locating solar power generators.

The research by Kotaro Kawajiri and colleagues at the National Institute of Advanced Industrial Science and Technology in Tsukuba, Japan, appears in the latest issue of American Chemical Society (ACS) journal Environmental Science & Technology.

According to the study, installation of crystalline silicon (c... Read more..

Source: Daily News and Analysis

Companies scramble to set up solar power projects

India's solar power sector is gathering steam, with 150 companies rushing in to offer 2,500 megawatts of projects for the second round of bidding, seven times the allocated capacity of 350 mw for which bids were invited, raising hopes that electricity tariffs from the renewable source would fall below Rs 10 aunit.

 About 150 companies are in the fray for 218 projects worth Rs 3,500 crore in the second round of projects under the Jawaharlal Nehru solar mission that aims to add 20,000 mw of solar capacity in the decade. In the previous round, the government had received bid... Read more..

Source: Economic Times

Energy and clean-tech challenges for planet Earth

 

Paris was the scene this week for a two-day International Energy Agency (IEA) meeting, when energy ministers from around the globe converged to talk about pressing issues such as embracing low-carbon technologies, rising energy costs, energy security and natural gas. They spoke about how the next 12 months will be a “real opportunity” to set the longer-term direction of the planet’s “shared energy future”.

With the theme 'Our Energy Future: Secure, Sustainable and Together', the 2011 IEA Ministerial Meeting took place over two days on 18–19 October in Paris this week.

... Read more..
Source: Silicon Republic

No clearance, MCD shelves key projects

 

Delhi will no longer get foot-over-bridges, and grade separators that were supposed to ease traffic and facilitate easy movement of pedestrians. Unable to get permission from the Unified Traffic and Transportation Infrastructure (planning and engineering) Centre (UTTIPEC), a technical authority that approves infrastructure projects in Delhi, MCD has decided to drop these projects with the completion deadline drawing near. The last date of completion of these projects is March 2012.

The civic agency had received funds under the Jawaharlal Nehru National Urban Renewal Mission... Read more..

Source: Hindustan Times

South Africa faces COP 17 balancing act

South Africa would need to ensure a balanced approach to its roles as a negotiating party and as the president of the seventeenth Conference of the Parties (COP 17), to be held in Durban late next month, Imbewu Sustainability Legal Specialist’s Dr Marie Parramon said on Tuesday.
 
At a national government level, International Relations and Cooperation Minister Maite Nkoana-Mashabane is the COP 17 president, and her department would be handling the logistics arrangements of the conference, as well as facilitating a successful outcome at COP 17.
 
The Department of... Read more..

Source: Engineering news

EU Weighs Pullback on Cutting Emissions

The European Union is for the first time clearly questioning whether it should press ahead with long-term plans to cut greenhouse-gas emissions if other countries don't follow suit, in what could herald a significant policy shift for a region that has been at the forefront of advocating action to combat climate change.

In a document reviewed by The Wall Street Journal, the European Commission's energy department says the EU should consider whether the region should seek to switch its domestic energy base away from carbon-emitting sources in the absence of a global climate-change... Read more..

Source: Wall Street Journal

India, Russia to work closer with IEA

 

India and Russia, on the sidelines of a high-level conference in Paris, signed deals to work closer with the IEA on energy matters, the agency said.

The International Energy Agency sponsored a meeting in Paris that focuses on energy security and sustainability, as well as closer engagement with non-member states.
 
India and the IEA agreed to work more closely on developing an oil stockholding regime and emergency response policies, the agency said.
 
Officials at the U.S. Energy Information Administration in September said economic growth in India... Read more..

Source: United Press International

Maiden Indian Investment for Eoxis

 

SunBorne Energy has joined hands with Europe-based IPP Eoxis Energy for executing a 15 MW solar photovoltaic (PV) project being built in Gujarat. The project is expected to be operational by December 2011. This represents Eoxis’ first investment in India.

Leading developer in utility scale solar projects SunBorne Energy has joined hands with Europe-based IPP Eoxis Energy for executing the 15 MW solar photovoltaic (PV) project being built in Gujarat. The project is expected to be operational by December 2011 and falls under the solar... Read more..

Source: Private Equity Hub

IFC Expands Climate-Financing Tools to Boost Clean Tech in Emerging Markets

Washington, D.C., October 18, 2011—IFC, a member of the World Bank Group,
is launching a new financial mechanism that blends private and public funds
to promote homegrown “green” innovation in developing countries while
encouraging the transfer of clean technologies from developed countries to
developing countries.

The $60 million Cleantech Innovation Facility will target small, highly
innovative start-up companies that offer products or services that mitigate
carbon emissions. It builds on IFC’s equity investments in this sector,
which now... Read more..

Source: India Carbon Outlook

Swiss ambassador bats for climate change adaptation

  Switzerland ambassador Philippe Welti said here on Tuesday that the Swiss embassy in India was committed to promoting partnership projects that seek to address common worries and challenges of global scale, like climate change.

Welti was in the city as part of a day-long tour to Akole and Sangamner talukas in neighbouring Ahmednagar district to visit a climate change adaptation (CCA) project. The project is funded by the Swiss Agency for Development and Cooperation (SDC) and the National Bank for Agriculture and Rural Development (Nabard) and implemented by NGO Watershed... Read more..

Source: Times of India

Lighting up Delhi the efficient way

 Consumers in Delhi's Mongolpuri area will be the first to make use of the new ‘Bachat Lamp Yojana' scheme that offers a limited number of energy-efficient bulbs at subsidised rates. The scheme, aimed at promoting energy efficiency in the city, was inaugurated by Chief Minister Sheila Dikshit on Tuesday. It is developed by the Bureau of Energy Efficiency (BEE) and will now be implemented in NDPL served areas of North and North-West Delhi.

Referring to the need to switch to energy-efficient technology, Ms. Dikshit said Delhi's consumption of power is increasing by the day and... Read more..

Source: The Hindu

Green energy needs market push

 Would you mind paying one-and-a-half paise more for electricity that comes from windmills or solar plants? Most likely, you would not. But that is the burden, according to Dr Pramod Deo, Chairman of the Central Electricity Regulatory Commission, the ‘renewable energy certificate' (REC) regime imposes on electricity consumers in India.

What the extra one-and-a-half paise does (or is expected to do) is significant. It will give people who put up renewable energy capacities such as windmills, biomass and solar plants sufficiently attractive returns, justifying their investments.

... Read more..
Source: Hindu Business Line

P-E investments in clean tech projects on the rise

 With Government policies and incentives in place for renewable energy, the number of private equity investments in the clean technologies sector is increasing.

According to data from Venture Intelligence, a research service focused on private equity and merger and acquisitions , there were five deals in the clean technologies space in January-March 2011quarter; ten in the April-June 2011 quarter and 14 deals in the July-September 2011 quarter.

The amount invested in the July-September quarter was $359 million compared with $176 million in the immediate previous quarter.... Read more..

Source: Hindu Business Line
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