Friday, July 24, 2015

India: more news of renewable energy investments

Solar and wind energy are crucial components of the electrification of India without adding carbon dioxide to the atmosphere.   There is some encouraging news of possible investments.

Japan's foreign aid arm, the Japan International Cooperation Agency plans to fund solar parks in India.  CRISIL, an analytics and ratings company, majority owned by Standard & Poor's, estimates that conditions are favorable for the Indian wind energy sector to add 4 GW of capacity each year over the next five years.