 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Daniel J. Graeber Washington (UPI) Sep 27, 2017
Regional lenders said Thursday they were offering hundreds of millions of dollars in loans to support the greening up of the power sector in India. The Asian Development Bank and the Asian Infrastructure Investment Bank said they were backing $500 million in government-backed loans and another $500 million in non-sovereign support for the Power Grid Corp. of India. "We are pleased that this first AIIB co-financed project in India will bring clean energy to more people and help the country achieve its ambitious renewable energy targets," Priyantha Wijayatunga, a regional energy director for the ADB, said in a statement. The two loans will support grid systems in western and southern India that deliver solar and wind energy across the grid. India, one of the fastest growing economies in the world, aims to triple its renewable power capacity by 2022 to 175 gigawatts by drawing on new solar and wind energy sources. Last week, French energy company ENGIE said it teamed up with an investment group to help develop a wind energy program in the country. The company formed a partnership with the Abraaj investment group to develop as much as 1 gigawatt of wind power in the Indian energy sector. Power consumption in India will grow at an annual rate of 9 percent through 2020, according to ENGIE. An August report on India's energy sector from the International Renewable Energy Agency found the government could save on health-related costs and create more jobs while at the same time seeing the demand for coal and oil products drop between 17 percent and 23 percent by 2030. The International Monetary Fund warned earlier this year, however, that India may have trouble attracting new capital because of weakness in the nation's banking system.
Flisom launches next-gen flexible solar panelsZurich, Switzerland (SPX) Sep 25, 2017 Flisom AG, an innovative and specialized solar technology company, backed by Tata Industries, a group of Swiss investors and the Swiss Federal Laboratories for Materials Science and Technology (Empa), reports that they were open for global orders at an exclusive roll out event for customers and partners in Zurich, Switzerland. Flisom showcased a range of applications including buildings-integrat ... read more Related Links All About Solar Energy at SolarDaily.com
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
