US firm to invest $2 bn in India’s renewable power sector

September 30th, 2009 NEW DELHI - India's top construction and engineering firm Larsen and Toubro (L and T) has said it planned to invest 500 million dollars to build nuclear reactors, hoping to tap Indian orders for power projects. Talking to reporters here on Tuesday L and T chairman and manging director A.M.

September 10th, 2009 NEW DELHI - With proper incentives, wind power can meet over 24 percent of India's energy needs by 2030, says a study carried out by the Global Wind Energy Council (GWEC) and the Indian Wind Turbine Manufacturers Association (IWTMA). Releasing "Indian Wind Energy Outlook 2009" here Wednesday evening, Minister for New and Renewable Energy Farooq Abdullah said it was his dream to see windmills all over India the way one would see them in Europe.

September 7th, 2009 NEW DELHI - Indonesia's power expansion programmes offer Indian companies a good investment opportunity, according to Purnomo Yusgiantoro, the South-east Asian country's energy and mineral resources minister. Indonesia is set to launch 10,000 MW accelerated power expansion programme - its second - aimed at beefing up electricity generation from new and renewable energy sources, Yusgiantoro told a business meet here Monday.

June 24th, 2009 NEW DELHI - To boost its presence in the Indian education sector, Pearson, a Britain-headquartered education and information company, will invest $30 million in Indian education resource provider Educomp Solutions and Bangalore-based online tutorial firm TutorVista, the company announced Wednesday. Pearson will acquire 50 percent stake in Educomp Solutions for $17.5 million as part of their agreement signed Wednesday.

June 19th, 2009 CHENNAI - New and Renewable Energy Minister Farooq Abdullah Friday said his department would request the finance ministry to continue with existing incentive schemes for renewable power projects. We find there is a great worry among the corporate sector on what would happen to the existing incentives once the generation-based incentive scheme is launched," Abdullah said at the valedictory session of a seminar on green power, organised by Confederation of Indian Industry (CII).

June 15th, 2009 Irish company buys Ill. wind farmsCHICAGO — An Irish company hoping to benefit from the Obama administration's emphasis on renewable energy purchased three Illinois wind farms near Chicago.

June 12th, 2009 NEW DELHI - The cost of generating clean energy should be brought down to make it "affordable" for developing countries, Minister for New and Renewable Energy Farooq Abdullah said Friday after his interaction with the visiting UAE foreign affairs minister. The minister, during his interaction with Abdullah Bin Zayad Al-Nahayan, the minister for foreign affairs of the United Arab Emirates (UAE), said the developing countries were more in need of renewable energy.

June 12th, 2009 NEW DELHI - The United Arab Emirates Minister of Foreign Affairs Sheikh Abdullah Bin Zayed Al-Nahyan met the Minister for New and Renewable Energy, Farooq Abdullah on Friday, for collaboration in the renewable energy sector. "Since ages, India has had good relations with UAE.

June 10th, 2009 House Republicans offer alternative energy billWASHINGTON — House Republicans are calling for a hundred new nuclear power plants to be built in the next two decades as part of legislation they say is a better alternative than one championed by Democrats. The legislation unveiled by the GOP Wednesday would increase production of oil and gas offshore, fast-track refinery construction and establish a trust fund using oil and gas royalties to invest in renewable energy.

June 2nd, 2009 BRUSSELS - The renewable energy sector is expected to create an additional 410,000 jobs in the European Union (EU) by 2020, according to a European Commission report released Tuesday. That would bring the total number working in the sector to 2.8 million.

May 21st, 2009 NEW DELHI - India's young MPs have been urged by NGO Greenpeace to lead a 'renewable energy revolution and save the planet from the gravest danger it faces - climate change'. Greenpeace activists held a demonstration here Thursday outside the 10 Janpath home of Congress president Sonia Gandhi, carrying cutouts of windmills and holding aloft placards that called upon 'young MPs to lead the ministry of new and renewable energy and provide it with the required vision and decisive leadership'.

March 25th, 2009 NEW DELHI - India's 35 percent electricity demands can be met from renewable energy by 2030 and 50 percent of the projected energy requirements can be met simply from smart and efficient generation, distribution and use of energy, according to a Greenpeace International report. The Greenpeace today released the second version of the "Energy [R] evolution: A sustainable India Energy Outlook," and calls for political will to back solutions for India's energy that is secure, technically feasible and sustainable in a climate challenged world.

March 21st, 2009 KOLKATA - The Central Electricity Regulatory Commission (CERC) has proposed to set up an exchange for renewable energy, a top official said here Friday. 'There would be a national exchange kind of a thing where registration of renewable energy would be done,' CERC chairman Pramod Deo said during an interaction with members of the Merchants Chamber of Commerce here.

February 17th, 2009 NEW DELHI - Under an ambitious programme of the ministry of new and renewable energy, Nagpur in Maharashtra will be developed as the country's first solar city, it was announced Wednesday. The orange city Nagpur will become a model solar city by 2012, deriving up to 10 percent of its energy consumption through renewable energy sources and implementing other energy efficiency measures, a government statement said.

January 10th, 2009 AHMEDABAD - The two-day fourth Vibrant Gujarat Global Investor Summit starting here Monday is likely to see a record number of investment proposals in renewable energy, particularly in the solar and wind energy segment, a senior state minister said Sunday. 'The state government has received very good response in all four major sectors with several new and key players of the industry expressing their willingness to take advantage of the benefits being offered by Gujarat as the ideal investment destination,' Energy and Petrochemicals Minister Saurabh Patel said.