RusHydro, Chinese Firms Ink Deals for Conventional, Pumped-Storage Development
Energy giant RusHydro has announced the signing of two deals with Chinese firms that could lead to the development of five hydroelectric power projects in Russia. The first deal calls for the Russian utility and PowerChina to venture in the development of the 1,560 MW Leningradskaya pumped-storage plant. RusHydro will hold 51% interest in the joint venture, while PowerChina will control the remainder. The second preliminary agreement could see the Russian utility develop four hydropower projects in the country’s eastern region with China Three Gorges Corporation.
Suzlon Energy Installs World’s Tallest Hybrid Wind Turbine
India’s biggest wind energy solutions company, Suzlon Energy, is looking to expand its product line as it gets ready to take advantage of notable reforms that the government is expected to implement in the wind energy sector. Suzlon recently unveiled the tallest hybrid wind turbine as its 2.1 MW generator sits atop a 120 meter tower. The turbine is located in the western state of Gujarat, which boasts the third-largest installed wind energy capacity in the country.
Unlike Other Tech Giants, Amazon Chooses Coal
Apple is powering its data centers with 100% renewable energy. Facebook is looking to do the same, and is purchasing huge quantities of wind power in Iowa to power its data center there. However, one internet star is moving the other direction. Unfortunately, Amazon – unlike Google, Apple, Facebook, Yahoo and Microsoft – has made no effort to use sustainable energy. And it may get even dirtier soon as news has been trickling that Amazon’s next data center will be located in Ohio, one of the states in the US that is powered heavily by coal.
G20 Spends $88 Billion Annually for Fossil-Fuel Exploration
A study shows that the G20 group of major economies spends around $88 billion a year on fossil-fuel exploration, five years after pledging to phase out industry subsidies. Spending of $17 billion and $11.3 billion by state-backed oil firms Saudi Arabian Oil Co. and Petrolio Brasileiro SA are the biggest components in the funding gathered by the Overseas Development Institute and Oil Change International. G20 nations in 2009 agreed to wean out inefficient fossil-fuel subsidies that encourage wasteful consumption without defining their criteria. Ministers from those countries and another 170 will gather next month in Peru to draft texts in the fight against climate change.
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