CHENNAI: Solar energy, especially solar thermal, is the ultimate option to meet the growing energy needs, according to Mohan Verghese Chunkath, Chairman and Managing Director, Tamil Nadu Energy Development Agency (TEDA).

The International Energy Agency (IEA) visualises renewable energy (wind, solar and hydel) outgrowing gas-based energy and becoming the second largest source of electricity, after coal, as early as 2015.

India has significant advantages it can leverage in promoting solar energy as an alternative and renewable energy source. Firstly, the intensity and duration of sunlight available on its landmass is relatively greater than in many other heavily populated regions of the world. Just 1 per cent of India

Eleven years ago, Pathampara, a 90-minute drive from Kannur, made headlines when it stopped petitioning the government for electricity and instead began generating its own power from a very small facility using the flow of a local stream to run a turbine.

The world is now in the early stages of an energy revolution that over the next few decades could be as momentous as the emergence of oil-and electricity-based economies a century ago. Double-digit market growth, annual capital flows of more than $100 billion, sharp declines in technology costs, and rapid progress in government policies all herald a promising new energy era.

The main objective of this policy by A & N government is to reduce dependence on conventional sources of power generation especially HSD oil,protect the environment,generate employment and encourage entrepreneurial investment in NRSE.

India is rapidly developing wind energy resources to satisfy its growing needs for electricity. However, the suitability of a particular location for the development of a wind energy project depends on a large number of factors.

P B Jayakumar / Mumbai November 28, 2008, 0:37 IST

Bharat Heavy Electricals (Bhel) plans to acquire companies in the non-conventional energy and transmission business to more than double its turnover to Rs 50,000 crore in the next five years.

CHENNAI: The Biomass Power Plant Association has moved the Tamil Nadu Electricity Regulatory Commission (TNERC) seeking an immediate review of the tariff. The association

CHENNAI: Orient Green Power (OGPL), a dedicated renewable energy generation company with operations in India, has announced the completion of a fund raise of $55 million led by Olympus Capital Holdings Asia, a private equity fund. Olympus Capital is investing $35 million, and Shriram EPC (SEPC) and Bessemer Venture Partners (BVP) are chipping in with $10 million each.

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