Global investment in clean energy and climate-friendly technologies leapt in the last three months but full-year levels won't recover until 2010 or 2011, analysts said on Wednesday.

Falling energy demand and more expensive debt have hurt large renewable projects for example in wind and solar power. Recession has cut risk appetite, curbing funding for clean technology start-ups.

The SPV (solar photovoltaic power) system is the simplest form of converting solar energy to electricity. However, its high capital cost makes it one of the costliest resources of energy, ostensibly with implications of high fixed charges.

Bangladesh Solar Energy Society placed yesterday a 14-point proposal including easy term loan for self-financed renewable energy projects before the government for the expansion of the sector amid increasing power crisis.

Secretary of the society Prof Saiful Haque placed the proposals at a press conference at Renewable Energy Research Centre at Dhaka University.

Hoping to speed up the development of renewable energy resources on federal lands, the U.S. Interior Department designated about 670,000 acres of land on Monday as potential areas for solar energy production.

Demand for renewables has created a boom for land previously considered worthless in sunny deserts and wind-swept

Current trends in energy supply and use are clearly unsustainable

The electric utility business has historically consisted of centralized, large-scale power plants, supplying electric power to load centers such as cities and industries through a power transmission and distribution network.

India generates 13,878.58 MW grid-interactive power from renewable sources like from wind, small hydro, solar, biogas co-generation and biomass. It amounts to 9% of the total installed generation capacity. It has been enabled by the provision of government incentives like capital and interest subsidy, accelerated depreciation and concessional excise and customs duties.

A GTZ senior energy adviser has suggested the government take necessary measures to create awareness among rural people to use energy saving systems such as solar, biomass, biogas, wind and hydropower.

Technology to capture carbon emissions from coal-fired power plants and store them underground will be ready by 2015 and could be in wide use in the United States by 2020, according to the top executive at American Electric Power Co Inc.

Renewable energy service providers yesterday urged the government to form a body to implement the renewable energy policy to develop the green energy resources and meet 10 percent of the national demand for power by 2020.

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