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India or become a new "golden country" for solar energy, want to invest 100 billion US dollars in five years
Time:2017-08-18   Clicks: 1011
    

Foreign media said that India is committed to solar energy development, and the government plans to make huge investments in the industry. This has attracted a large number of foreign investors.

According to the Swiss Business Daily website reported on May 1st, in the process of looking for long-term environmental protection projects, investors are increasingly turning their attention to India: Prime Minister Modi hopes to promote this Asia by building a huge solar park. The three major economies have shifted from fossil energy to renewable energy. His goal is to invest $100 billion in the solar industry over the next five years. Behind him is the World Bank's loan support. The support of solar economy investors in India is not comparable to that of a country.




The natural conditions in the area are very good, and the days of sunshine every year are often more than 300 days. In less than three years, solar power installed capacity has tripled. This growth has been driven by lower solar panel prices and lower loan costs.

Despite this, the installed capacity of 12 billion watts of solar power is only a small fraction of the total installed capacity of approximately 315 billion watts. Modi plans to increase the installed capacity of solar power to 100 billion watts by 2022.

This has attracted investors from all over the world. Japanese telecom giants and big investor Softbank have joined forces with partners to commit $20 billion to the Indian solar industry.

European companies such as the French Power Company and the Italian National Power Company are currently active in the Indian renewable energy market. The same applies to investment funds involving Goldman Sachs, JPMorgan Chase and Morgan Stanley. In addition, the world's largest pension funds have also made tentative attempts, such as the Canadian market leader Canada Pension Plan Investment Committee.

But some investors are worried that indebted Indian energy supply companies may not be able to repay their loans. Investors are also worried that there is a risk of profitability due to falling electricity prices.



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