Green

On the GreenBeat: Indian solar market heats up, OriginOil wraps carbon and algae fuel pilot

Here’s some of the latest action we’re following on the GreenBeat today:

India heats up domestic solar market — The country plans to seek 300 megawatts’ worth of solar project bids in the next month, Dow Jones Newswires reports, and has awarded 184 megawatts in solar projects so far, to be completed by September of next year. India will also hold global bidding in mid-2011 for solar hybrid plants, which are a blend of solar and natural gas or other fossil fuels, Bloomberg reports. Market leader First Solar has also begun playing for a piece of the Indian market.

OriginOil completes carbon sequestration and algae fuel pilot – The Australian commercial pilot project involved a joint agreement between algae biofuel maker OriginOil and energy company MBD Energy, CNET reports. Carbon dioxide released by MBD’s coal-fired plants was captured by micro-algae, which converted the CO2 to create additional algae for Origin Oil to convert into oil, which can then be used for biofuel.

IBM greens Corpus Christi, Tex. with software – IBM will supply software to measure, monitor and improve the way the Texas city manages water, roads, airport, parks, and utilities. City managers will be able to view city infrastructure in real time, and the software will also automate paperwork and word orders. The aim is to make the city staff smarter about evaluating problems and responding to them quickly. While it makes money for IBM, it could also improve the quality of life for residents and help make the city more environmentally sustainable.

Smart meter leader Itron buys Asais – The smart meter giant will buy French energy information management software company Asais for an undisclosed sum. The two firms have partnered together in the past, and Itron says Asais’s data collection capabilities will complement its own meter data management and analytics systems. The acquisition marks an example of data and data crunching becoming an increasingly hot sector in the smart grid, as we’ve previously reported.

Wells Fargo to invest $100 million in solar — Wells Fargo will invest $100 million in tax equity by the end of 2011 in solar projects by GCL Solar. The company will build solar power projects for utilities, municipalities, schools and corporations, and says it will sell the power generated through long-term power purchase agreements at rates equal to or lower than traditional electricity rates.

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