Indian Firms Launch Zero-Interest Loans for Solar Power Technology
Tata Power Solar, one of the biggest solar power manufacturers in India, has teamed-up with Bajaj Finance to introduce an interest-free loan program so that consumers can get their hands on small-scale solar products. Consumers will get zero-interest loans on Tata Power Solar products that include solar powered LED’s, CFLs, solar water heaters and solar panels for rooftop installation. With a small initial down payment, Bajaj Finance will instantly process loans less than Rs 250,000 ($4,150), remaining balance can be paid through monthly installments for 7 to 10 months.
Huawei Integrates Telecomms Technology in its Solar Business
Huawei Technologies Co., the largest phone-network equipment manufacturer in China, revealed its plan to ship 4 gigawatts of solar inverters this year, integrating its telecommunications expertise to improve the devices. Instead of just converting direct current to alternating current to supply power to the electric grid, Huawei plans to add “smart” features to its inverters so that it can also gather digital data for analysis. The move puts Huawei in competition with Germany’s SMA Solar Technology AG., the world’s largest maker of the products.
Study Reveals New Threat to Oilsand Projects
A new study suggests that naturally occurring upward flow of groundwater in the oilsands region is the cause of fractures and weaknesses that may explain a series of catastrophic events related to the controversial mining industry, which injects highly pressurized steam into deep deposits of cold bitumen to produce oil. Harvard researcher Benjamin Cowie argues that the 12,000 barrel bitumen seepage by Canadian Natural Resources Ltd., Total’s blowout at its Joslyn steam plant and a large groundwater gusher at Shell’s Muskeg river mine all occurred along the edge of an ancient salt formation that runs through the Athabasca and Cold Lake oilsands deposits.
Indigenous Farmers Fight Climate Change with Biodiversity
On top of a rugged Andean mountain located at Peru’s Cusco region, indigenous farmers met in late April to discuss global-warming-related conditions that they feared were threatening their ancestral lands. The farmers forged a partnership entailing the exchange of crop varieties and farming methods, which they hope will protect agricultural biodiversity in the face of climate change. The exchange began with potato seeds, enabling farmers to experiment together from a distance, so they can find the most resilient varieties. The gathering included representatives from as far as China and Bhutan.