NSL Group to Triple Chile's Wind Power Capacity
Chile’s economy has been on the rise, and part of its economic success is high investment in energy development. The country has in recent years expanded its oil production and geothermal has played a significant role in the country’s energy infrastructure development. Now, with a huge investment from India’s NSL Group, Chile may triple its installed wind power capacity.
NSL Group’s subsidiary ReGen Powertech Pvt. Is the fifth largest wind turbine manufacturer in India and the group plans to invest $650 million in installed wind power in Chile. NSL acquired the rights to develop 400 megawatts of wind farms throughout five separate adjacent sites. The company will invest the funds over the next three years.
SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK
NSL’s project will be one of the biggest wind power investments in South America to date.
Currently, Chile has roughly 172 megawatts of installed wind power. However, despite the country's investment into the energy sector, electricity rates have tripled since 2005. In fact, the ramped up energy investment is likely a result of the power shortage as industrialization demands more electricity. The country is a hotbed for renewable energy investment, and is attracting investors from all over the world due to its favorable renewable energy policies and economic stability.
According to NSL Chairman Mandava Prabhakar Rao, the wind projects “would act as a springboard to capitalize” on other regional opportunities.
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.