Modi's solar embrace in India is leaving wind power in the shade
His challenge is finding US$200b needed to achieve a clean-energy transformation
New Delhi
INDIA is set to add more solar capacity than wind power for the first time as Prime Minister Narendra Modi looks to harness the sun's rays to curb energy shortages.
Solar installations are on course to exceed 2,500 MW in the year till March 31, 2016, topping the 2,400 MW target for wind, according to interviews with officials from India's Ministry of New and Renewable Energy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months