India for the first time in the list of Clean Energy Investment

By SiliconIndia   |   Wednesday, 30 March 2011, 05:56 Hrs   |    2 Comments
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India for the first time in the list of Clean Energy Investment
New Delhi: With Giants like China, Germany, U.S., who are dominating the investment market, India has craved its niche into the investment market by growing to a peak of $4 billion in private investment. India is ranked 10th among the G-20 countries.In 2010 global clean energy finance and investment expanded to $243 billion which is 30 percent increase from the previous year. In this year's edition; they examine the financial, investment and technological trends concerning the clean energy economy of the world's leading economies.

According to Pew Charitable Trust, India is also ranked the 10th position for its five year growth rates in renewable energy capacity and seventh position worldwide in the amount of installed capacity. However China outpaced other G-20 members with a record of $ 54.4 billion in investment in 2010. Germany ranked the second position with $ 41.2 billion. U.S. is in third place with $ 34 billion, whereas U.K declined among the G-20 countries. It fell to 13th position from fifth position.

Phyllis Cuttino, director of Pew's Clean Energy Program said ,"Rapid growth and fierce competition have marked the global clean energy sector, in which worldwide clean energy investment and finance has grown 630 percent since 2004. Nations like India, China and Germany, which saw an increase in investments, were attractive to financers because they have national policies that create long-term certainty for investors."

In the year 2011, India's economic growth is 8.6.With theses investment we can hope India will soon be among the top five.

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