I was on a hunt on an assignment that required researching on the renewable energy investment trends in India. While doing that, I came across a number of interesting pieces of information and insights. I am sharing some of these with you:
Renewable Energy Investment Could Hit $200 Billion in 2010 – A new report by Bloomberg finds that renewable energy investment may increase by 23% worldwide this year and could hit $200 billion. Renewable energy investment was $162 billion last year, but Bloomberg predicts that it will be somewhere between $175 and $200 billion this year. $200 billion. That’s some number.
Astonfield to Invest $2 Billion in India’s Renewable Energy Sector – Renewable energy player Astonfield ( http://www.astonfield.com ) is planning to invest around $2 billion in India over the next five years to generate about 1,000 MW of power. Astonfield Renewable is the Indian unit of the US-based infrastructure major Astonfield Management. Much of the proposed $2 billion investment will be for building solar-powered projects with a capacity of 500 MW. Astonfield has also announced an agreement with French energy major Areva for building biomass power generated plants of 100 MW at an estimated cost of Rs.550-630 crore. See also: http://bit.ly/cMcov6
Renewable Energy Investment Increase in Emerging Countries – Financial investments in renewable energy in emerging nations increased from $1.76 billion in 2001 to $65.86 billion in 2009 at a CAGR of 57.63% for the period 2001-09. China led the investments in Asia, with a total investment of $11.48 billion, mainly in wind and solar PV projects. Total investment in India grew over 100% to $7.17 billion in 2009, of which equity offerings accounted for $3.6 billion. In 2008, India’s renewable energy investment had grown by 12%, with an investment of $3.7 billion – http://bit.ly/9CVPl6
Indian Solar Investment Signals Greater World Bank Support for Renewable Energy – The first commercial utility solar project in India by Azure Power received a $10 million investment from IFC, a World Bank affiliate as the international lending agency steps up its support of renewable energy in emerging economies. It also marked IFC’s first investment in solar power and its first clean tech investment in South Asia. The World Bank Group has pledged to increase its investments in alternative energies by more than 20% a year. In fiscal 2009, the group boosted support by 24% to $3.3 billion. – http://bit.ly/b9cC48
India Renewable Energy Investment Break-up – In 2008, the total investments in renewable energy was about $ 3.7 billion. It is instructive to see where the money went. * Wind energy sector grew at 17% from $2.2 billion to $2.6 billion. Well, in fact wind dwarfs everything else. * Investments in solar grew an impressive 1800% to $ 347 million over 2007, but this awesome number was possible only because the investment in 2007 was pathetically low – $18 million. The major part of investment in solar energy has been spent for setting up module and cell manufacturing facilities. * The investment in small hydro projects grew about four-fold to $543 million in 2008. * Biofuels – The growth in biofuels fell by 80% from $251 million in 2007 to $49 million in 2008.
Energy Efficiency Could Save India 183.5 Billion kWh – With an investment of US $10 billion dollars in energy efficiency improvements, India’s economy would benefit from its potentially vast annual energy savings of 183.5 billion kilowatt hours, according to a new report from the World Resources Institute (WRI). http://bit.ly/c0JJH1 . One can expect significant investments to pour into the energy efficiency segment in India, as this is a low hanging investment fruit that can produce almost immediate returns with attractive payback periods for the companies investing in such projects.
India’s Power Sector will Require Hundreds of Billions Over Next Decade – India could require about $250 billion investments over the next eight-nine years if it wants to grow at a moderate 7.5-8 percent compound annual rate, according to a CII report (http://bit.ly/9TWNOK). Oh OK, another report says that would be $600 billion, not $250 billion, thank you! – “India will need to spend $600 billion on adding capacity to meet electricity demand, which may triple to 3,35,000 megawatts by 2017 if the current growth rate is maintained, according to consultant McKinsey & Co.” – http://bit.ly/dN5oM
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