India is set to host a meeting of international investors willing to pour billions into realising the country’s great clean energy potential, after India’s energy minister promised to turn the nation into a ‘renewable superpower’.
Blue & Green Tomorrow is currently running a crowdfunder to ensure its survival. Please pledge.
In February, the Renewable Energy Global Investors Meet and Expo – ‘RE-INVEST’ will take place in New Delhi, with the aim of raising finance for India’s renewable energy projects.
The initiative was launched by the Ministry of New and Renewable Energy, which was created after the election of prime minister Narendra Modi.
Modi pledged to boost India’s solar sector, in order to capitalise the country’s 300 sunny days each year, and bring electricity to the 400 million Indians currently without reliable power. He also unveiled plans to build the world’s largest floating solar array.
The summit hopes to attract large-scale investment – quantified as around $35 billion (£21bn) per year – and it will be held each year for the next five years, or until 900 MW of clean energy capacity has been developed.
So far, the World Bank has announced a $775 million (£452m) investment in Indian renewable energy sector.
Renewable energy currently contributes about 6% of India’s energy mix, though the government wants to double this figure by 2020. However, India’s coal sector is also expected to receive a boost, despite calls from the international community to phase it out.
In a recent interview, energy minister Piyush Goyal said he wanted India to become a ‘renewable superpower’, but refused western countries’ “homilies and pontificating on responsibilities to the environment”.
Photo: walmart via Flickr
Like our Facebook Page
Eco-Friendly Decisions That Will Enhance Your Quality of Life
List of Fantastic Places for Green Consumers to Settle in South Carolina
6 Amazing Eco-Friendly Bedroom Design Ideas for Sustainable Homeowners
5 Great Ways to be a More Environmentally-Friendly Cannabis User
Amazing Approaches to Cycling for Promoting a Greener Lifestyle
Understanding The True Environmental Impact of Dentistry
Incredibly Important Benefits of Effective Ethically Made Anti-Virus Face Masks
Best Natural and Eco-Friendly Ways to Treat Dog Ailments
Green Entrepreneurs Find Creative Ways to Balance Ethical Goals with their Retirement Objectives
The Surprising Environmental Benefits of Using an Organic Mattress
From Store to Door with Minimal Impact: How Companies Are Eco-Friendly Innovators
A Guide to Investing In Renewable Energy Stocks in 2021
Creative Ideas to Practice Eco-friendlier Consumerism
Hawkers Launch a Truly Innovative Eco-Friendly Sunglass Line
Everything You Need to Know Before You Start Using Renewable Energy in 2021
The Curtis Institute of Music Makes Facilities More Energy Efficient
What Can Ecotourists Learn from Visiting Chernobyl?
5 Essentials for Promising Eco-Friendly Businesses to Thrive in a New Economy
Charity Organizations Who Are Taking Steps to Become More Environmentally Friendly
Mastering the Art of Trading Bitcoins Profitably and Sustainably
- Editors Choice12 months ago
10 Green Companies With Amazing Environmental Initiatives
- Features12 months ago
5 Sustainable Home Improvement Ideas To Improve Your Home’s Value
- Energy12 months ago
10 Amazing Energy Saving Hacks for Spring
- Invest11 months ago
4 Super Simple Solutions To Create The Perfect Eco-Friendly Home