07 Feb '12, 11am

India saw US$10.3bn of clean energy investment in 2011

The clean energy investment growth was driven by a seven-fold increase in funding for grid-connected solar projects: from US$0.6bn in 2010 to US$4.2bn in 2011. Solar almost reached the same level of investments as wind, which totalled US$4.6bn. Ashish Sethia, Head of India research at Bloomberg New Energy Finance , says: “There was concern at the beginning of last year that increasing lending rates might hit investment. Policy measures like the Jawaharlal Nehru National Solar Mission, and renewable energy’s increasing cost competitiveness, have made this a record year.” Asset financing for utility-scale projects remains the main type of clean energy investment in India, with US$9.5bn in 2011. This is significant as the higher lending rates observed over the past year could have negatively impacted asset finance. Venture capital and private equity investment also made a str...

Full article: http://www.renewableenergyfocus.com/view/23700/india-saw-...

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