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Needed facility: A view of the biogas plant in Tuticorin on Wednesday.

Tuticorin: Collector G. Prakash inaugurated a 250-KVa (Kilo Volt ampere) project to generate electricity from effluents released fish processing companies here on Wednesday.

He said the waste extracted from fish cleaning and exporting activities could be converted into useful gas.

India, which hopes to attract $16 billion in renewable energy investments by 2012, will soon announce new policies to cut the cost of investment in the green sector, the chief of India's renewables agency said on Thursday.

Global Energy Giant Set To Focus On US Market

IDFC Private Equity, India

INDIA

Chinese government officials signed an agreement on Tuesday with First Solar, an American solar developer, for a 2,000-megawatt photovoltaic farm to be built in the Mongolian desert.

Prospects for a new U.N. climate pact in Copenhagen have brightened but negotiations must speed up to meet a December deadline, the head of the U.N. Climate Change Secretariat said on Tuesday.

Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday.

"If you add it all up there are quite a number of projects, all from China," Lex de Jonge told the Reuters Global Climate and Alternative Energy Summit, on a ruling due this week.

First Solar Inc said on Tuesday it plans to build the world's largest solar plant in China in the first major foray by a U.S. company into the Asian nation's fast growing alternative energy sector.

Despite Washington's nearly single-minded focus on healthcare reform, the Obama administration still expects the U.S. Senate to pass climate change legislation, Interior Secretary Ken Salazar said on Tuesday.

Climate talks could draw on global recovery spending to smooth a deal in Copenhagen in December to replace the Kyoto Protocol, said Nick Robins, head of HSBC's climate change research center.

HSBC analysts estimate the green portion of a $3.1 trillion fiscal stimulus at about $512 billion.