India’s renewable energy growth highest globally

New investments in renewable energy and fuels reached $257 billion worldwide last year, with India logging the sharpest surge and China attracting the largest amount at $52.2 billion, says a report.

In 2010, the total global investment in the renewable power and fuel was $220 billion, according to the latest report of Worldwatch Institute.

“Investment in India grew 62 per cent – the highest growth rate for any single country over 2010 totals,” the report said.

The total renewable energy investments in industrial countries in 2011 accounted for 65 per cent of global investment, increasing 21 per cent to $168 billion.

In contrast, the 35 per cent of global new investment that went to developing countries increased 10 per cent, to $89 billion, the report said. Of this sum, China, India, and Brazil accounted for $71 billion in total investment.

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Mechanical engineer with experience in Power Plant maintenance , operation and auditing for ISI marked products. MBA in Power Management from National Power Training Institute, Faridabad. Working as Consultant for Bridge to India Pvt. Ltd. Expertise in: 1) Power sector regulations 2) Financial Modelling 3) Project Development solar PV plants 4) Strategic consulting 5) Report writing

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