30 Nov '15, 9am

India plans US$1 billion private equity fund for renewable energy - PV-Tech

India plans US$1 billion private equity fund for renewable energy - PV-Tech

India's energy minister Piyush Goyal took to twitter to announce the fund ahead of COP21. Credit: MNRE India’s central government aims to introduce a US$1 billion private equity fund dedicated to the renewable energy sector, according to India’s energy minister Piyush Goyal. Goyal took to Twitter last week to announce the private equity fund, which he said would be “initially seeded by government companies”. He also said the government plans to collect US$4 billion each year over three or four years for a clean energy fund. In other comments, he said the country is confident of meeting its 175GW of renewable capacity by 2022 targets due to falling prices and technological innovations. Goyal also said: “India is one of the lowest consumers of coal per capita in the world. In 2015, India consumes what the US was consuming in 1920.” This comment came after the International E...

Full article: http://www.pv-tech.org/news/india-plans-us1-billion-priva...

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