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India’s RE sector to generate $160 Billion

India's renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, the Economic Survey said on Friday, the day before a budget that is set to boost clean energy funding. Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including rai ...

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Mytrah secures wind loan

Renewable power producer Mytrah Energy has secured a Rs8,527.8m ($137.5m) loan for 150MW of wind power development in India. The firm intends to use the loan as long-term project finance for the renewable energy project, which is expected to go online within a year. "The project will raise Mytrah's installed capacity to more than 690MW from its current capacity of 543MW." Once operational, the project will ...

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Clariant sells energy business

Clariant, a world leader in specialty chemicals, today announced the completion of the sale of its Business Line Energy Storage to Johnson Matthey Plc, which was announced on October 29th,2014. The sale was closed on February 28th 2015. “The divestment of the Energy Storage business with its LFP technology is part of our focused portfolio management and reallocating capital towards our core areas Care Chemi ...

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Nepal seeks Indias help in water challenges

Several South Asian and African countries came together to discuss and share their experience in mainstreaming sustainable water management and possible solutions to treat waste water. "Today's session is whole challenge in managing water in South Asia and Africa and outcome of the water which is waste water. The aim of the session is to bring together the countries of Africa, South Asia and India to unders ...

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