subject: Invigorating investments in energy in biodiesel sector and solar energy sector [print this page] Invigorating investments in energy in biodiesel sector and solar energy sector
Anil Srivastava the Chief Executive Officer of Areva, the company aims to embark on the construction phase, after the power purchase agreements are signed by the state government. Areva allotted its subsidiary company to perform the engineering works and to look after the construction of the solar power plant.Areva, energy titan in France is focusing to install solar power plant in India and the company has assigned a couple of subsidiary companies to provide the required energy investment. The Areva has allocated around 3 billion USD for implementing the solar power generator in India and the company presently owns a 60 megawatt biomass power plant. Areva has assigned two leading financial companies to commence partnership and construct 1000 megawatt solar power plant within the next six years. Rich details on making energy investments, diffrent possibilities of energy investments, most useful guide on energy Investments can be found here.
The power derived from this solar energy project satiates the energy requirements of houses and this project attracts large number of investments in energy. Italy is ranked second, as the largest producer of electricity from the photovoltaic and this is due to the high Feed-in Tariff rate established by the government of Italy. The tariff rate set by the Italian government lead to a huge increase in the clean energy investment and this aroused many capitalists and companies to furnish energy investments for renewable energy projects. Polaris Energy has arranged a platform to boost the participation of investors towards the photovoltaic sector in Italy and the company has deputed Swiss bank to guarantee the capitalists that, the energy investments are secure.The southern part of Italy to experience a photovoltaic solar energy project and this project is launched by Polaris Energy, established in Luxembourg. The solar energy project in Italy will be completed by the end of 2011 and this plant will produce three megawatt hours of electricity per annum.
The petroleum ministry sent a circular to the state government of West Bengal stating that, the state government should prevent the selling of unauthorized biodiesel. Ethanol blending is gathering steam than the biodiesel blending programme because of many problems such as the high cost of raw materials, marketing and two fold tax collected by the state government. Indian Biodiesel Association declared that, around Rs 2300 crores has been allocated for construction of the biodiesel plants and around 1.2 million tons of biodiesel capacity is fixed. Emami Group, established in Kolkata has provided energy investments around Rs 150 crore for effectuating 100,000 ton biodiesel unit in Haldia and commented transporting the biodiesel to Calcutta Tramways.
