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Michael Russell

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India records world-beating green energy growth

India records world-beating green energy growth
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 Increase of 52% to $10.3bn in 2011 was based on strong solar performance

India's transformation into a cleantech powerhouse moved up a gear in 2011 when it racked up investments of $10.3bn in the sector, a growth rate of 52 per cent year on year that dwarfed the rest of the world's significant economies.

Solar investments led the growth with a seven-fold increase in funding, from $0.6bn in 2010 to $4.2bn in 2011, just below the $4.6bn invested in wind during the year, according to figures released yesterday by analysts Bloomberg New Energy Finance (BNEF). ... Read more about India records world-beating green energy growth

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