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Tuesday / November 19. 2024

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HomePosts Tagged "solar power"
India, Nature, Sustainability, Sustainable Energy

The plant is anticipated to produce an average of 953 gigawatt-hours of clean energy annually, helping to avoid approximately 783,855 tonnes of carbon dioxide emissions annually

The Asian Development Bank (ADB) and SAEL Industries Limited, through its subsidiary SAEL Solar P4 Private Limited, have signed a loan of up to 12.23 billion Indian rupees (about $147 million equivalent) for the development of a 400-megawatt (MW) greenfield solar power plant in Gujarat, India, to support the country’s ongoing transition toward clean energy and low-carbon growth.

The financing package comprises 12.23 billion Indian rupees from ADB and a parallel loan of up to 6.11 billion Indian rupees underwritten by Tata Capital. ADB led the structuring of the financing package as well as the mobilisation of domestic private capital.

“The private sector must play a pivotal role in the transition from fossil fuels to renewable energy generation, particularly in Asia and the Pacific region, which contributes over half of global greenhouse gas emissions. As the region’s climate bank, ADB provides long-term local currency financing to stimulate private sector investment in clean energy,” said Suzanne Gaboury, ADB Director General for Private Sector Operations. “ADB’s partnership with SAEL supports the Government of India’s objective of achieving 500 gigawatts of renewable energy generation capacity by 2030.”

SAEL Solar P4 Private Limited will build and operate the solar powerplant, situated within the Khavda Ultra Mega Solar Park in Gujarat, India. The electricity generated by the solar plant will be supplied to Gujarat Urja Vikas Nigam Limited, the state-owned power distribution company, through a 25-year purchase agreement. The plant is anticipated to produce an average of 953 gigawatt-hours of clean energy annually, helping to avoid approximately 783,855 tonnes of carbon dioxide emissions annually. SAEL and ADB have previously partnered in a biomass power generation project that uses agricultural residue.

The plant is anticipated to produce an

Agrotech, R&D, Sustainable Energy

This invention carries immense significance as it empowers farmers to generate additional income, aligning with national goals for adaptable, sustainable rural development.

Shakti Pumps (India) Limited, a prominent manufacturer of energy-efficient pumps and motors in India, has proudly secured a patent for their innovative creation, the “Solar Flour Mill.” This groundbreaking invention has been acknowledged and granted by the Patent Office of the Government of India under the provisions of the Patents Act of 1970. Valid for 20 years from the filing date, this patent marks the company’s 9th successful patent acquisition.

The Solar Flour Mill is a transformative innovation designed to address electricity scarcity in rural areas. It operates independently through solar panels, eliminating the need for grid electricity, thereby reducing infrastructure costs and freeing users from electricity bills. This invention carries immense significance as it empowers farmers to generate additional income, aligning with national goals for adaptable, sustainable rural development.

Primarily aimed at areas lacking electricity, especially rural and remote regions, this unique Flour Mill operates solely on solar power. By obviating the need to travel for grain milling, it reduces effort and environmental pollution. Additionally, it offers an opportunity for solar pump users to augment their earnings, contributing to the broader aim of bolstering farmers’ incomes and uplifting rural economies. Additionally, this innovation significantly contributes to reducing carbon emissions, aligning with India’s 2030 energy objectives while also circulating economic benefits within village communities.

Dinesh Patidar, Chairman of Shakti Pumps, underscored the pivotal advantages of this patented technology. He highlighted the common challenges faced by electricity-dependent flour mills, such as unstable power supply and high maintenance costs affecting flour quality. The Solar Flour Mill, however, provides a sustainable solution by consistently operating on solar power, ensuring uninterrupted functioning even in areas with erratic electricity supply. Notably, this innovation allows mill owners to expand the number of solar panels as required, preventing unnecessary payment for unused electricity.

This invention carries immense significance as it