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Foreign Investors are Upbeat About Solar Power Sector

News

 Russia’s OAO Rosneft, the world’s largest publicly traded oil company, is exploring a huge investment in solar energy in India, in a move that is as much a sign of the company’s interest in the Indian market as it is the potential of solar energy in the country.

Source: live mint

SNP Insight

The growing interest of energy sector large firms in Indian solar power is a positive sign for the sector. This will increase the foreign investment inflows to the solar power industry and may help the country to achieve its target of 100GW solar power generation. Also with the economic slowdown in other big economies and healthy economic growth of India attract more investors to invest in the renewable sector.

Source: SNP Insight