A $1 billion proposal to build the first big U.S. offshore wind-power farm passed a key hurdle on Thursday by winning permit requirements in Massachusetts, where it faces opposition from some influential residents.

Suntech Power Holdings Inc and ReneSola Ltd lowered their full-year forecasts on Thursday as the credit crisis has choked off funding for renewable energy projects, sending shares of the Chinese solar power companies down sharply.

Pradeep Gooptu / New Delhi May 22, 2009, 1:41 IST
India

K Subramanya
Although interrupted A by the current glob A al slowdown, the Indian economy needs to return to the growth rates of 8-9 per cent p.a. of the last 4 years. If we have to lift out of poverty the 400 million fellow Indians who live on less than one dollar a day, the growth rates need to continue and scale even greater heights.

Additional Secretary Mines and Mineral Department Sindh Dr Abdul Rauf Siddiqui has said that the government of Sindh is playing a vital role in developing natural resources especially coal.

Reliance on wind power to overcome power shortage is next to impossible because of its highest installation cost and lowest availability factor comparing with other power generation avenues.

President Zillur Rahman yesterday said Bhutan could export hydropower to Bangladesh to help mitigate the current power crunch here as the Himalayan country hold a huge potential for producing about 30,000-megawatt hydroelectricity. He stated this when the newly appointed Bhutanese Ambassador to Bangladesh, Dasho Bap Kesang, presented his credentials to the President at Bangabhaban.

A group of Canadian green energy and technology companies pitched for investment on Wednesday, saying they are poised to flourish from government stimulus spending and tougher environmental regulations.

Brazil's wind energy sector is expected to take off this year, boosted by the government's first auction for projects in the renewable energy source on November 25.

Following are some of the main investments, current and planned, in the sector.

Chinese solar company Suntech Power Holdings Co Ltd said it was starting a 1.5 megawatt rooftop solar system project in Jiangsu province in China and the project is expected to be eligible for subsidies by the Chinese government.

The photovoltaic module maker said it was building the system in HuaiAn City with state-owned Jiangsu Guoxin Asset Management Group.

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