India moved from10th to 6th position in terms of Clean Energy Investments…

Power India found that Clean energy investments in India increased 54 percent in 2011 to $10.2 billion, vaulting that country from 10th to 6th place in the G-20 in just one year. 

 

 

The wind sector in India led the way, attracting $4.6 billion and spurring deployment of 2.8 GW during the year, a 38 percent increase in wind generating capacity.  

India’s pursuit of its “National Solar Mission,” which aims to deploy 20 GW of solar energy by 2020, is evident in the sevenfold increase in solar energy investments, to $4.2 billion, and record installation levels. 

Late in the year, a reverse auction on 350 MW of solar energy brought bids that were 30 percent lower than 2010 levels.

 

India’s clean energy sector was the second-fastest growing in the G-20 in 2011, with investments increasing 54 percent to $10.2 billion.   Solar energy investments were up sevenfold, and installed capacity increased
10 times above 2010 levels.

 

In the utility solar category, about 300 MW of capacity was added, and 46 MW was installed in residential solar.   Wind energy capacity additions were a record 2.8 GW.  These numbers reflect balanced investments in India, where 45 percent of financing ($4.6 billion) was directed to wind resources and 41 percent ($4.2 billion) went to solar.   India’s growth propelled it from 10th to sixth place in the G-20, and the country ranks fifth in terms of five-year investment growth.

Source: The PEW Charitable Trusts

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