NewEnergyNews: INDIA TO GROW SOLAR 500%

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    Friday, October 16, 2015

    INDIA TO GROW SOLAR 500%

    India to Bring Light and Heat with Solar Energy

    October 16, 2015 (Voice of America)

    “…The Indian government wants to increase the use of solar energy by 500 percent in the next seven years. If it is to reach that goal, 100 gigawatts of power must come from solar by 2022. Now, just 4 gigawatts of power created in the country come from the sun…Officials say they want to slow [India’s third-in-the-world, climate change-causing] greenhouse gas emissions…[They hope to match Germany’s 22 year shift to renewables in 15 years, though India] is a much poorer economy…[India’s government will be] helped by the decreased cost of developing solar energy…[It] wants investors to spend $100 billion over seven years in solar power…[To get that, it] is reducing taxes for some solar-related investments…[and] permitting non-Indians to invest…” click here for more

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