Suzlon, ADAGE, Wal-Mart Announce Green Commitments

September 26, 2008

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At the 2008 Clinton Global Initiative, several companies announced plans to invest in the green economy.

Suzlon Green Power announced a $5 billion commitment in green energy assets over five years, which aims to bring 3,500 megawatts of electricity to nearly 10 million people primarily in India and China.

AREVA and Duke Energy unveiled ADAGE, a joint venture between the two companies. ADAGE is dedicated to the development of biopower plants which will use wood waste to produce electricity. AREVA will design and build biomass power plants and Duke Energy will manage operations.

Wal-Mart also announced goals to reduce its global plastic shopping bag waste by an average of 33 percent per store in five years. The move is expected to eliminate more than 135 million pounds of plastic waste globally. It could also reduce the company’s energy consumption by about 678,000 barrels of oil annually and reduce CO2 emissions by 290,000 metric tons per year; equivalent to removing over 53,000 cars of the road annually.

Here’s a look at last year’s commitments.

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