03 Feb '12, 5pm

Indian clean-energy growth was fastest in the world in 2011, report says #solar #energy #india

03 Feb 2012: Indian Clean-Energy Growth Was Fastest in World in 2011, Report Says Renewable energy investments in India increased by more than 52 percent in 2011, the fastest growth among major global economies , according to a new report. More than $10.3 billion was invested in renewable energy projects in India last year, with about $4.6 billion targeting wind energy projects and another $4.2 billion going toward solar projects, the Bloomberg New Energy Finance (BNEF) report said. For solar, that represented a seven-fold increase from 2010, when investments totaled about $600 million. According to a separate report, the declining price of solar panels has now made solar powera cheaper energy option than diesel generators in India. “India’s record performance in 2011, and the momentum it is carrying into 2012, is one of the bright spots in the clean energy firmament,” sai...

Full article: http://e360.yale.edu/digest/indian_clean-energy_growth_wa...

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