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India loses $80 billion annually due to environmental degradation

The annual cost of environmental degradation to India is around $80 billion, equivalent to 5.7 percent of the country’s gross domestic product, according to a new report by the international financing institution the World Bank. The World Bank’s report, titled “Diagnostic Assessment of Select Environmental Challenges in India,” is the first-ever national level economic assessment of environmental degradation in the...

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China’s Xiangjiaba hydropower plant now half operational with 3,200 MW

China’s Xiangjiaba underground hydropower plant has begun commercial operation producing 3,200 megawatts with four of the eight hydroelectric generating units from Alstom installed. Each of the four hydroelectric generating units, which are now installed and operational, can produce 800 MW. Designed and manufactured in Alstom’s factory in Tianjin, China, each unit will be able to supply the electric consumption of...

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Philippines to see 81 MW of wind power connected to grid next year

Philippine-based conglomerate Ayala Corporation will be connecting a wind power project to the grid by 2014. In a statement, Ayala Corporation announced that their wholly owned subsidiary AC Energy Holdings, Inc. has signed an investment framework agreement and shareholders’ agreement with UPC Philippines Wind Holdco I B.V. and the Philippine Investment Alliance for Infrastructure Fund (PINAI) to form...

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Greenpeace calls for accountability among R.S.P.O. members for Sumatra fires, Singapore haze

Greenpeace International has called for accountability among the members of the Roundtable on Sustainable Palm Oil for the recent fires in Sumatra which caused the haze in Singapore. Greenpeace disapproves of the R.S.P.O.’s move to investigate only five companies who had been named in media reports. The environmental organization pointed out that the five companies being investigated were not the ones...

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Thin-film manufacturing facility to rise in Suqian, China

Thin-film photovoltaic manufacturer Ascent Solar is forming a joint venture with the government of the Municipal City of Suqian in Jiangsu Province, China to produce their modules in the Asian country. The agreement between the company and the municipal government covers a multi-faceted, three-phase project over the next six years. The first phase of this would include the establishment of a...

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Culprits behind Singapore’s haze identified

The scientists at the World Agroforestry Centre have identified the parties responsible for the haze that has covered Singapore recently – and it’s not necessarily who everyone thinks. For decades, small and large scale farmers in Sumatra – and their annual habit of clearing their plots using fire – have been blamed for the haze that has affected parts of Indonesia and Malaysia. This issue made...

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India’s renewable energy on the rise, seeking more investments from U.S.

India has reached approximately 28 gigawatts of cumulative deployed renewable energy systems and is now looking to the United States for more investments in the power sector. For the period of 2013-2014, India has set a goal of installing an additional 4,325 megawatts of renewable power. Currently they only have around 303.10 MW of newly deployed capacity for the 2013-2014 period. Of this, 264.10 MW comes from wind,...

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Wind farm to rise in south-central Vietnam

A 40.5 megawatt wind power project is set to begin construction in Vietnam’s south-central coastal province of Ninh Thuan this year. According to the Saigon Times Daily, Vietnam Electricity Investment and Construction Joint Stock Company has been given approval in principle for its $3.2 million Cong Hai wind power project. The first phase of the Cong Hai project will be carried out this year on 20 hectares in Cong Hai...

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Hanwha SolarOne gets $100 million loan from Export-Import Bank of Korea

Hanwha SolarOne Co., Ltd. announced that, through a subsidiary, it has secured a three-year $100 million term loan facility from the Export-Import Bank of Korea. The company’s subsidiary Hanwha SolarOne (Qidong) Co., Ltd., secured the loan which will mature on June 25, 2016 with payment of principle to be made at maturity. The interest rate floats with the three-month LIBOR, plus 1.99 per annum. “This new capital will enhance...

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India’s first P.V.-diesel hybrid solar power plant starts operation

India’s first ever 1 megawatt-scale photovoltaic-diesel hybrid solar power plant begins operations in Tirupur, Tamil Nadu. The 1-MW solar plant is installed on the roof of Alpine Knits Private Ltd. at Palladam in Tirupur. It was designed, engineered and constructed on a turnkey basis by Chemtrols Solar Private Ltd., a company with interests in clean technology. The solar plant is synchronized with an incoming 11...

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