India Ranks Fourth In Clean Energy Investment

The country received $ 6bn in clean energy investment in 2013, out of a total of $ 62bn from 2006 to 2013.

Wind is the largest renewable energy sector, with 60 per cent of capacity and 53 per cent of all investment from 2006 to 2013.

The report said Coal is still the backbone of the country's power system, providing 71 per cent of its 1,088 TWh of total generation in 2013.

However, renewable power is an important and growing part of the country's energy matrix at 33GW.

It comprised 14 per cent of installed capacity but only 5.5 per cent of generation in 2013.

South Africa, Kenya and Uganda were among the top scorers, it said. All have significant clean energy projects and programs; South Africa has surged ahead with nearly $10bn of clean energy investment undertaken in the last two years, said the report.

A country's ranking depends upon various factors like clean energy investment policy, its market conditions, the structure of its power sector, the number and makeup of local companies operating in clean energy, and efforts toward reduction of greenhouse gas emissions, the report said.

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