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Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

China has taken a big step towards reducing its hydrochlorfluorocarbons by closi...

Ozone layer on road to recovery – U.N.E.P., W.M.O.

Ozone layer on road to recovery – U.N.E.P., W.M.O.

The ozone layer is on the road to recovery, but unified action is still needed t...

Green vacation: Go on an eco-friendly safari

Green vacation: Go on an eco-friendly safari

The primary goal of modern-day eco-friendly African safaris is to lessen the ove...

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

South Asian countries face economic losses due to climate change – A.D.B. report

South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses du...

World Bank aids Laos’ hydropower with $40 million in financing

World Bank aids Laos’ hydropower with $40 million in financing

The World Bank Group has inked two agreements for around $40 million in financin...

Business

Technology

Using a magic ratio for better, stronger and greener concrete

Using a magic ratio for better, stronger and greener concrete

Monday, 29 September 2014

A small modification to the contents of cement mix could lower the carbon emissions of the construction sector and result in stronger, more durable co...

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Politics

I.D.B., E.U., Spain to support renewable and efficient energy in the Caribbean

I.D.B., E.U., Spain to support renewable and efficient energy in the Caribbean

Monday, 29 September 2014

The Inter-American Development Bank, the European Union, and the Kingdom of Spain have inked a joint declaration that reaffirms their collaboration in...

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Living Green

Easy steps towards greener living

Easy steps towards greener living

Thursday, 02 October 2014

The health of the environment is under threat. Over-population, pollution and the gradual decline of natural resources along with other factors has no...

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Renewables

An overview of PV module manufacturing

An overview of PV module manufacturing

Thursday, 02 October 2014

PV module manufacturing is undertaken through rigorous processes of construction and testing with top-notch PV module manufacturers in India ensuring ...

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Low-Carbon

World’s first large-scale power station with C.C.S. commissioned in Canada

World’s first large-scale power station with C.C.S. commissioned in Canada

Thursday, 02 October 2014

The world’s first large-scale power station equipped with carbon capture storage, the Boundary Dam Integrated Carbon Capture and Storage project, bega...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Tata Power’s 25 MW solar farm in India gets enough funding to move forward


Tata Power, India's oldest and largest private power company, has secured enough financing agreements to back a 25 megawatt solar photovoltaic power plant it is currently developing at Mithapur, Gujarat.

Tata's financing comprises of equity valued at 110 million rupees ($2 million) and loans of 255 million rupees ($4.1 million). The project costs approximately 365 million rupees ($6.7 million) in total.

The loans and equity came from numerous sources, including the State Bank of India and Export Import Bank of India with SBI Capital Markets Limited acting as the sole financial advisor and arranger, according to a statement.

Tata Power Renewable Energy Limited, the company's subsidiary, has signed a power purchase agreement for the project with Gujarat Urja Vikas Nigam Limited, expecting the solar farm to be online by year end. (Oliver M. Bayani)



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