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International Update Volume 41, Issue 25

CENTRAL GOVERNMENT INCREASES INDIA'S CLEAN ENERGY SUBSIDY

India

Central government subsidies for clean energy projects rose to 2.36 billion rupees in the fiscal year that ended March 31, an increase of 63 percent over the previous year. So far this financial year, the government has provided 1 billion rupees of subsidies. Assistance included higher rates for clean power and lower interest rates.

GERMAN RENEWABLE ENERGY SHARE HITS 20 PERCENT

Germany

Germany generated more than 20 percent of its electricity from renewable sources for the first time in the first half of 2011, according to a report by the German Association of Energy and Water Industries. Solar power increased a total of 76 percent, while the share of wind power increased to 7.5 percent of usage, biomass 5.6 percent, and hydroelectric 3.3 percent. Energy use remained stable, but the share of renewable sources rose from 18.3 to 20.8 percent, continuing toward the nation's goal of 35 percent renewable electricity by 2020.

FRANCE MAY CANCEL SHALE PERMITS UNDER HYDRAULIC FRACTURING BAN

France

France may cancel permits for oil and natural gas exploration in October due to the nation's new hydraulic fracturing ban. Companies that have been granted a permit to explore shale hydrocarbons will have until September 13 to inform the government if they're planning to use hydraulic fracturing in the course of their operations. The ban, the world's first, could lead to fines or imprisonment for those found using the technique, though some industry representatives have said that the method is the only one available to extract certain hydrocarbons.