Biofuels have been around as long as cars have.

A biofuel is a fuel that contains energy from geologically recent carbon fixation. These fuels are produced from living organisms.

Generating Electricity from Wing Waves.

Wind turbines, like windmills, are mounted on a tower to capture the most energy. At 100 feet (30 meters) or more aboveground, they can take advantage of the faster and less turbulent wind.

Producing electricity from solar energy.

Solar energy is a free, inexhaustible resource, yet harnessing it is a relatively new idea. The ability to use solar power for heat was the first discovery.

Turbines catch the wind's energy with their propeller-like blades.

A blade acts much like an airplane wing. When the wind blows, a pocket of low-pressure air forms on the downwind side of the blade.

Solar energy may have had great potential

Solar technology advanced to roughly its present design in 1908 when William J. Bailey of the Carnegie Steel Company invented a collector with an insulated box and copper coils.

We have been harnessing the wind's energy for hundreds of years.

For utility-scale sources of wind energy, a large number of wind turbines are usually built close together to form awind plant.

Biofuels are produced from living organisms.

In order to be considered a biofuel the fuel must contain over 80 percent renewable materials.

Geothermal energy is the heat from the Earth.

Resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth's surface, and down even deeper to the extremely high temperatures of molten rock called magma.

Geothermal heat pumps can tap into this resource to heat and cool buildings.

A geothermal heat pump system consists of a heat pump, an air delivery system (ductwork), and a heat exchanger-a system of pipes buried in the shallow ground near the building.

In the future, civilization will be forced to research and develop alternative energy sources.

Possession of surplus energy is, of course, a requisite for any kind of civilization, for if man possesses merely the energy of his own muscles, he must expend all his strength - mental and physical - to obtain the bare necessities of life.

Showing posts with label economy of india. Show all posts
Showing posts with label economy of india. Show all posts

Friday, June 6, 2014

Green Energy Push Psbs Agree To Lend Rs 1 71 Lakh Crore To Finance Projects Over The Next 5 Years

11:24 PM  , ,   

Green Energy Push Psbs Agree To Lend Rs 1 71 Lakh Crore To Finance Projects Over The Next 5 Years
MUMBAI: State-owned banks will actively promote green energy - considered vital for power-starved India - and have assured the finance ministry to provide around Rs 1.71 lakh crore to the sector in project financing over the next five years. This will help generate 34,000 megawatts of nonconventional power like wind and solar energy in this period. Banking behemoth State Bank of India has taken the lead with a Rs 75,000-crore commitment, aimed at generating 15,000 megawatt of green power, followed by IDBI Bank, which committed Rs 14,700 crore with 2,940 megawatt, people familiar with the matter told ET.

SBI chairman Arundhati Bhattacharya confirmed the development, saying that green energy lending would be a relatively safer asset, and this will spur the country's growth.

Banking exposure to the power sector is 9% of the total industry loans, or about Rs 5.5 lakh crore, data from RBI show. According a market estimates, renewable energy capacity installed makes up for 15% of the total capacity installed in India. Thus, the estimated bank lending to renewable energy is at 1-1.5% of the total banking system loans.

"The Indian banking sector's current low-to-moderate level exposure to green energy projects could increase sharply over the medium-term, given the rising importance of clean energy in today's world, and the government's emphasis on it," said Karthik Srinivasan, senior vicepresident, Icra, a rating company.

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Reference: bio-energy-today.blogspot.com

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