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Renewable power in India: Fossil fuel companies are stepping in
Jul 12: In India, renewable energy is being seen as a business opportunity now by large Indian corporates and more of them are throwing in their hat into the business.
8This is not to say that smaller players are being squeezed out, as the government targets both utility-scale projects, which are more suited to large industrial corporations, and distributed projects, which should make up 40 GW of the 100 GW capacity target.
8The point to note is that the transition to a renewable power system is being seen as a business opportunity by major corporations, with traditional interests in the fossil fuel sector.
8For reference purposes, the website carries here a reduction in investment cost of solar and wind energy in India over the last 8 years.
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