India for the first time in the list of Clean Energy Investment
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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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Reader's comments(2)
1: India gets good sunshine and hence a good candidate for installing Solar PV & Solar Thermal. Solar Mission ( JNNSM) therefore will play a major role in increasing this footprint.
Worldwide the prices of Solar PV is falling, It is about to be able to complete with other energy like oil & coal soon.
Solar can create good jobs, can be installed near its use like every village can have their own production thus reducing the expensive transmitting them.
Solar is clean. It appears rather than giving direct subsidy, which can lead to possible scams and corruption, The IREDA way of funding these schemes with near to nil interest rates can make these projects viable.
Eventually when India becomes the developed country, we can not have high interest rates anyway.
All nationalized banks should get refinance and should lend the same to needy projects in Solar and other renewable. The proper asset pledging route so that fly by night operators who with intention not to pay principle amount can be eliminated
Posted by:K.N.Kamath - 04 Apr, 2011
2: We still have a long way to go.We have not scratched the surface in the THERMO SOLAR technology, which is the only solar tech., that can be scaled up to 250-500MW, as solar panles can go up to 4MW only.
Watch this space for a conference we are arranging on this subject in Chennai.
R.PRASANNA VENKATESAN,
Chairman-PRASAN & CO.,
Management, Mentoring & oney services,
Tel: 044-2235 1785, mobile: 9383777665,
e'mail:rpv.sankari@gmail.com
Posted by:R.PRASANNA VENKATESAN - 01 Apr, 2011
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