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India says clean energy a $160bn opportunity over 5 yrs

2015-02-27 03:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: India's renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, a finance ministry report said on Friday, the day before a federal budget that is set to boost clean energy funding. Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) by 2022. "It offers a very...

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