Singapore-based infrastructure investor, Equis Pte Ltd plans to invest USD1 billion into Renewable sector in India in the next two years

India: Equis Pte Ltd, which has a combined renewable energy capacity of 3.6GW in India, plans to invest USD1 billion in the next two years into the renewable sector in India thereby, doubling the installations of renewable energy to nearly 2GW of wind, solar and hydro energy. In June 2016, the company had commissioned a 108MW wind project worth USD131 million in Madhya Pradesh. As of June 2016, the company has financed for 737MW renewable projects in India, out of which 300MW are under development. 

Techsci Research depicts that the increasing investments into the renewable sector is anticipated to drive the demand for solar power equipment in India in the near future. India has taken huge strides over the past three years in developing its solar potential by implementing green growth agenda along with commissioning of solar power plants in the country. Generating energy by tapping sun’s radiation is expected to help India inch towards ensuring energy security and reduce the country’s greenhouse gas emissions in the coming years.

According to a recent released report of TechSci Research, “India Solar Power Equipment Market Forecast & Opportunities, 2021”, the solar power equipment market in India is projected to surpass USD4 billion by 2020, wherein solar energy would be generated by employing photovoltaic (PV) and concentrated solar power (CSP) technologies across the country. Constantly improving solar equipment technologies, advanced manufacturing processes for production of hi-tech equipment and anticipated decline in equipment prices is projected to further drive the solar equipment market over the next five years.