WORLD MONEY FLOWS TO INDIA WIND AND SOLAR

China, UK cos to invest billions in solar, wind energy

Anupama Airy and Arnab Mitra, February 17, 2015 (Hindustan Times)

“Companies from China and Britain will invest billions of dollars in India’s solar and wind power industries under Prime Minister Narendra Modi’s ‘Make in India’ initiative…China, which has already committed to invest $20 billion in India over the next five years, wants to set up new solar manufacturing facilities…Britain also wants to partner…in the renewable energy sector…India has presently set a target of adding 175,000 megawatt (mw) of renewable energy that includes 100,000 mw of solar power and 75,000 mw from other sources including wind, mini-hydro and biomass…UK and Chinese companies would invest in the manufacturing of components, including solar cells…to [supply] domestic user industries as well as export…” click here for more

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