India’s shift to a green economy will draw investments of $140-160 billion in the next six years, of which $100 billion will go to the solar industry
India’s aspiration for minimizing the environmental cost to economic development by meeting 40% of its energy needs from non-fossil fuels by 2030 has made its nascent solar power industry the destination for global investors, creating growth opportunities for a host of businesses in the entire electricity value chain.
The massive scale-up of solar power generation capacity from 6.7 gigawatts (GW) to 100 GW by 2022—which is twice the present output of China, the world leader in solar power generation —comes as a stimulus to manufacturing equipment, panels and supply of services and technology used in the solar industry, say industry leaders.....................Read more
Source: livemint
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