India Doubles Coal Tax, Favors Clean Energy Projects

Posted on July 22nd, 2014 by
   

India Doubles Coal Tax, Favors Clean Energy Projects

India’s finance minister has decided to double the tax on every metric ton of coal mined or imported in the country. Coal traders have paid $0.83 per metric ton since 2010, but the levy has now been increased to $1.67. The revenue raised from the new tax will go to the National Clean Energy Fund, an initiative that was established to provide low-cost finance to renewable energy projects. India’s coal demand is not likely to subside any time soon and according to some estimates, the tax could raise up to $1.2 billion in a 12 month period.

Green Highland Acquires Scottish Hydro Plant from SSE

Green Highland Renewables Lt., a U.K. based developer of small hydropower plants, purchased a 2 MW facility from SSE Plc. This is the company’s second acquisition of a hydropower plant from SSE. Construction of the facility in Glen Dochart, central Scotland, is anticipated to begin this year and start generating electricity by 2016. Ian Cartwright, managing director at Green Highland, says that they are hungry for new sites and are actively seeking opportunities to widen their development portfolio across Scotland.

Gamesa Adds Two New Wind Projects

Gamesa recently announced two new US and Mexico wind projects, boosting its presence in the region.  The Spain-based wind turbine maker is supplying two new orders totaling 290 MW. Gamesa will work with EDP Renovalvels to provide 95 of its G114 – 2.0MW units at the Waverly Wind Farm in Coffey, Kansas.  Meanwhile, Mexico is adding 100 MW with 50 orders of Gamesa’s G97 -2.0 turbines. Both projects are seen to be up and running by the end of 2015.

Research Shows More Wind Turbine Fires Than What Has Been Reported

Assessing the world’s estimated 200,000 wind turbines, researchers at the Imperial College of London, SP Technical Research Institute of Sweden and the University of Edinburgh discovered that the number of incidents of wind turbines catching fire is not being accurately reported. The results showed that instead of the publicaly reported 11.7 fires a year, the reality is that more than 117 separate wind turbine fires occur every year.  The authors have provided several measures to protect against such incidents, but the most likely outcome from the report will be increased vigilance of such fires and accurate reporting.

Related Posts:

Tags: , ,



Spam Protection by WP-SpamFree


>