$55 bn to flow into renewable energy in 5 yrs
27 Oct, 2010, 04.10AM IST,ET Bureau NEW DELHI: India expects investments of up to $55 billion in the next five years in the renewable energy sector, which would generate 35,000 MW of power, a top official said. India, one of the leading producers of wind power, is encouraging investment in renewable energy to curb emissions and reduce dependence on oil as the country imports nearly three quarters of the oil it consumes. “There would be investments to the tune of $55 billion by 2015 in the renewable energy sector which…
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