Solar, wind projects may attract $20 bn investment - Feedback

Solar and wind projects in the country would attract $20 billion investment each year from next fiscal until 2018-19, state-owned Indian Renewable Energy Development Agency (IREDA) said today.

“$20 billion of investment is anticipated from fiscal 2016-17 for harnessing the potential of solar and wind energy in India from leading financial agencies world over…for next three years to enable it add solar and wind capacities to an estimated level of between 10,000 MW to 12,000 MW each year by 2019,” PHD Chamber of Commerce and Industry said in a statement quoting IREDA CMD K S Popli. Inaugurating a national conference on renewable energy here today, Popli said that until now, solar and wind sectors have already attracted close to $10 billion of investments from global and domestic financial institutions.

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