21 Feb '12, 11pm

Social Innovation: India's Clean Energy Revolution

Social Innovation: India's Clean Energy Revolution

There's a revolution going on India: a clean social innovation one! India's solar energy is transforming the country into a clean tech powerhouse with its world-beating green energy growth increase of 52% to $10.3bn in 2011. According to figures released by analysts Bloomberg New Energy Finance (BNEF), solar investments in India led the growth with a seven-fold increase in funding, from $0.6bn in 2010 to $4.2bn in 2011, just below the $4.6bn invested in wind during the year. A record 2,827MW of wind energy capacity was added in 2011, which kept India third behind China and the U.S. in terms of new installations. The surge in installation of renewable energy shows India is becoming cost competitive and scalable. BNEF predicts a further 2,500MW to 3,200MW could be added in 2012. It expects India to exceed the target of adding 12.4GW of grid-connected social innovation renewa...

Full article: http://www.justmeans.com/Social-Innovation-India-s-Clean-...

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