For those eager to overlook words, note the important word “growth” at the finish of the title above—India didn’t crush the globe in cleantech investment in 2011 (as you know if you’re a normal reader right here on CleanTechnica) but a current report by Bloomberg New Energy Finance (BNEF) shows that India had a great cleantech investment development rate of 52%. (As I noted in my 2012 solar expectations post, I think India’s going to have an even considerably greater 12 months in 2012.)
India Solar Investments, Projections & Targets
In total, India had $ ten.three billion invested in cleantech in 2011. Grid-linked solar investments improved 7 times over, going from $ 600 million in 2010 to $ 4.2 billion in 2011. These solar investments moved the country from 18 MW of set up solar energy in 2010 to a complete of 277 MW set up at the end of 2011. 500-700 MW might be set up in 2012, the report noted.
Far more excellent news on the solar front is that the nation seems set to exceed its 2007-2012 5-year plan. “India’s 11th 5-year strategy, running from April 2007 to March 2012, targeted the addition of 12.4GW of grid-connected renewable energy. According to Bloomberg New Power Finance, this target will be exceeded, with 14.2GW capacity put in throughout the period,” BNEF commented.
India Wind Investments & Projections
$ four.6 billion was invested in wind energy, creating it the country with the 3rd-most installations in 2011 (behind China and the U.S.). The country added a record 2,827 MW (compared to two,140 MW of new installations in 2010). BNEF estimates 2,500-three,200 MW of new wind power installations in 2012.
Wherever the Investments Came From
Here’s far more from BNEF on the sorts of investments driving the sector:
Asset financing for utility-scale tasks stays the main sort of clean power investment in India, with $ 9.5bn in 2011. This is important as the higher lending rates observed more than the past year could have negatively impacted asset finance. Venture capital and personal equity investment also made a powerful comeback with $ 425m invested in 2011, more than 4 occasions the 2010 figure. Wind and solar project developers this kind of as Mytrah Energy India and Kiran Power Solar Energy succeeded in performing offers. The only significant form of investment that fell in 2011 was equity-raising by way of the public markets. Only $ 201m was raised compared to a record $ 735m in 2010 when the Indian stock market was at its all-time substantial.
India’s total cleantech investments in 2011 accounted for four% of the globe’s cleantech investments. Plainly, offered its size, it’s nevertheless got a lot of space to grow.
Supply: BNEF | India, solar panels, & wind turbine by way of shutterstock
Relevant posts:
- Investment in Solar Continued Strong in April (Dominated Cleantech Investments)
- Cleantech Investment Sees Massive Improve, Lotions Record in 2010
- Cleantech’s Revolutionary Development & Expectations for Coming 10 Years
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