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Renewable energy market growing in India – India seeking support from USA

India to push renewable energy drive during Obama visit BY VALERIE VOLCOVICI AND ADITYA KALRA (REUTERS) 23 Jan 15 -India will look to the United States for more private sector partnerships and technology to support a drive to expand its use of clean energy, as Washington looks to secure political support for a global climate change deal in 2015…….

The U.S.-India talks will focus on supporting Indian efforts to electrify the country by boosting emissions-free energy and building manufacturing capabilities for solar and wind energy, said two officials familiar with the matter and several climate experts.

India needs $200 billion of investment in renewables by 2022 – half of it from abroad – to raise its solar power capacity by 33 times to 100 gigawatts and its wind power capacity to 60 GW.

U.S.-based First Solar and SunEdison Inc are among the renewable energy companies already active in India, but the market is growing rapidly…….http://in.reuters.com/article/2015/01/22/india-usa-climatechange-idINKBN0KV0SA20150122

January 24, 2015 - Posted by | general

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