Sustainability Outlook Headlines

Siemens launches new wind turbine for Indian market

Siemens Energy Sector today said it has launched a new wind turbine for the Indian market.

The new product SWT-2.3-113 (Direct Drive) with leading technological edge was launched at Wind Power India International Conference and Exhibition 2011 at Chennai.

With this launch, Siemens intends to utilise its engineering expertise in energy efficiency to strengthen its local presence by manufacturing and supplying range of wind turbines, the company said in a statement.

Siemens will manufacture these products at Vadodara, Gujarat. The production at Vadodara is slated to... Read more..

Fraud Plagues Major Solar Subsidy Program in China, Investigation Suggests

"Golden Sun" is a Chinese solar subsidy scheme, set up with the primary objective of preventing the closure of 10,000 domestic solar PV businesses during the early days of the financial crisis. But the system has lacked rigorous oversight. Moreover, small and medium-sized firms that have rushed to take advantage of the subsidies risk being burned by the project that promised to save them. In this report, Yuan Ying — winner of the "biggest impact" category at the 2011 China Environmental Press Awards — investigates.

At the end of March 2010, the second round of bidding for China's... Read more..

Fraud Plagues Major Solar Subsidy Program in China, Investigation Suggests

"Golden Sun" is a Chinese solar subsidy scheme, set up with the primary objective of preventing the closure of 10,000 domestic solar PV businesses during the early days of the financial crisis. But the system has lacked rigorous oversight. Moreover, small and medium-sized firms that have rushed to take advantage of the subsidies risk being burned by the project that promised to save them. In this report, Yuan Ying — winner of the "biggest impact" category at the 2011 China Environmental Press Awards — investigates.

At the end of March 2010, the second round of bidding for China's... Read more..

TRAI releases the Recommendations on ‘Approach Towards Green Telecommunications’.

TRAI released its recommendations on “Approach Towards Green Telecommunications”.

With increasing pervasiveness of mobile phones and the widespread adoption of Information and Communications Technology (ICT) worldwide, the ICT sector is expected to contribute around 3% of the global emissions of greenhouse gases (GHG) by the year 2020. While globally the telecommunication sector contributes around 0.7% of the global GHG emissions, the corresponding figure in India is 1%.

While this figure might appear to be not so significant in absolute terms, the rapid growth of... Read more..

India's first smart grid in Electronics City

India's first smart grid to be built at a cost of over Rs 100 crore will become operational in the Eletronic city, housing major IT and other electronic companies such as Infosys and Wipro, over the next two years.

The pilot project taken up by the Bangalore Electricity Supply Company (BESCOM) with USAID acting as a technical consultant will enable the distribution utility to serve customers through digital technology saving energy, besides reducing cost and increase reliability.

Initially BESCOM had selected five sites for implementation of the project. Besides... Read more..

India, China looking to cooperate in energy sector

Ahead of the BRICS summit in China's resort town of Sanya, where Indian Prime Minister Dr. Manmohan Singh will be meeting Chinese President Hu Jintao, a senior Indian diplomat has said that new and renewable energy sources are expected to be one area where the two neighbours can cooperate to their mutual benefit.  

"We hope to discuss it at our first Strategic Economic Dialogue, slated for this year," the China Daily quoted Indian Ambassador to China, S. Jaishankar, as saying. 

When China's Premier Wen Jiabao made a three-day visit to India in December, among the many... Read more..

India, China to deepen cooperation in energy sector:Jaishankar

India would like to step up cooperation with China in energy sector, specially in the field of green technologies to boost trade ties, which in turn could help to build mutual trust to overcome differences, Indian ambassador S Jaishankar said.

New and renewable energy sources are expected to be one area where the two can cooperate to their mutual benefit, he told official China Daily on the eve of the BRICS summit being held in China today.

"We hope to discuss it at our first Strategic Economic Dialogue, slated for this year," he said.

Strategic Economic... Read more..

Experts to frame plans for green initiative

The Indian Institute of Information Technology Allahabad and Rajiv Gandhi Institute of Information Technology (RGIIT), CSM Nagar are organising a seminar on 'Green Energy: Empowering Rural India' on Friday at RGIIT. 

This is the second seminar under the IIIT-A's green energy initiative. The key themes of the seminar will be: harnessing of renewable energy for rural India: improving health, education, nutrition and economy, integrated rural development, employment generation and green energy initiatives taken by the ministry of new and renewal energy. 

The seminar will... Read more..

Ireda to raise $300 million from Japan

State-owned Indian Renewable Energy Development Agency (Ireda) will in a few months raise $300 million, or Rs1,326 crore, in debt from the Japan International Co-operation Agency (JICA), said chairman and managing director Debashish Majumdar.

Ireda is currently negotiating the terms of the loan. “The process should have been completed by now, but it’s been delayed because of the tragedy in Japan,” Majumdar said.

Ireda is a non-banking finance company which functions on the lines of Power Finance Corporation and Rural Electrification but with a mandate to fund only... Read more..

Experts to frame plans for green initiative

The Indian Institute of Information Technology Allahabad and Rajiv Gandhi Institute of Information Technology (RGIIT), CSM Nagar are organising a seminar on 'Green Energy: Empowering Rural India' on Friday at RGIIT. 

This is the second seminar under the IIIT-A's green energy initiative. The key themes of the seminar will be: harnessing of renewable energy for rural India: improving health, education, nutrition and economy, integrated rural development, employment generation and green energy initiatives taken by the ministry of new and renewal energy. 

The seminar will... Read more..

Ireda to raise $300 million from Japan

State-owned Indian Renewable Energy Development Agency (Ireda) will in a few months raise $300 million, or Rs1,326 crore, in debt from the Japan International Co-operation Agency (JICA), said chairman and managing director Debashish Majumdar.

Ireda is currently negotiating the terms of the loan. “The process should have been completed by now, but it’s been delayed because of the tragedy in Japan,” Majumdar said.

Ireda is a non-banking finance company which functions on the lines of Power Finance Corporation and Rural Electrification but with a mandate to fund only... Read more..

Carbon Credit Capital plans $100-m fund for renewable projects

The US-based Carbon Credit Capital proposes to launch a $100-million India-specific fund this year to invest in renewable energy projects.

“We would start with $100 million this year and will eventually increase it to $500 million,” said Ms Olivia Fussell, President, Carbon Credit Capital.

The carbon financing firm will invest in a range of projects across all renewable technologies such as solar and biomass among others.

Ms Fussell said the company is in talks with the US-based private individual investors for raising the fund, which will be launched this year... Read more..