India’s $160 billion renewable energy plans

India’s Renewable energy sector to generate $160 billion business in five years: Economic Survey By ET Bureau | 27 Feb, 2015 NEW DELHI: Positioning India as a responsible nation committed to sustainable development, the Economic Survey 2014-15 has said the Indian clean energy sector is likely to generate business opportunities to the order of $160 billion for the next five years. …….
The document forecasts 2015 to be a momentous period with the world set to witness new agreements on climate change and sustainable development; it predicts this year will determine the course for international development and environmental policy agenda for the global community for the next 15 years.
It elaborates that in India renewable energy offers very good opportunity for businesses to set and scale up industry, leapfrog technologies, and create volumes. Some of India’s major immediate plans on renewable energy include scaling up cumulative installed capacity to 170 GW that includes 100 GW of solar power by 2022 and establishing a National University for Renewable Energy.
To provide a big push to solar energy, two new schemes — ‘Scheme for Development of Solar Parks………..
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