India wins Obama backing for $160 billion solar push
10 years, 2 months ago

India wins Obama backing for $160 billion solar push

Live Mint  

New Delhi/Tokyo: Prime Minister Narendra Modi, who pioneered India’s first solar incentives as chief minister of Gujarat, won backing from US President Barack Obama for an expansion of the technology nationwide. “India’s ambition would require $160 billion,” according to Arunabha Ghosh, chief executive officer at the New Delhi-based Council on Energy, Environment and Water. Climate talks Modi’s remarks and support for his programme from Obama “will also give an impetus to the global process on mitigating global warming at the upcoming COP-21 in Paris,” Tulsi Tanti, chairman of India’s biggest wind turbine maker Suzlon Energy Ltd, said in a statement. “Though India may struggle to reach its solar goal, the government’s backing increases the prospect of success and, in any event, the target makes the country an attractive market,” said Xie Jian, president of Chinese solar panel supplier JA Solar Holdings Co.

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