Asia

India solar and wind energy plan

India Solar and Wind Energy Plan

Use of Solar and Wind Energy The Government has launched Jawaharlal Nehru National Solar Mission (JNNSM) to give a boost to utilization of solar energy for various applications. As on date, grid-interactive solar power generation capacity of around 1,850 MW has already been commissioned in the country. Provision has been made in the National Tariff Policy wherein the State Electricity Regulators have to fix a percentage of energy purchase from solar power under the Renewable Purchase Obligation (RPO). As per amendment, the solar RPO has to begin with 0.25% of the energy procured in the State reaching to 3% by 2022.

Read More

US, China and South Africa Lead Rebound in Clean Energy Investment

Second quarter investment rises 22% compared to Q1, but shrunken figure for Europe ensures that world total stays below that for Q2 last year. London and New York: Global investment in clean energy was $53.1bn in the second quarter of 2013, up 22% from the first quarter thanks to an upturn in the financing of wind and solar projects and a 170% surge in equity funding for specialist companies on public markets. The Q2 rebound was led by the US, which saw investment jump 155% compared to a weak first quarter, to reach $9.5bn, and also China (up 63% at $13.8bn) and South Africa (up from almost nothing in Q1 to $2.8bn in Q2).

Read More