India to set up $350 million fund to finance solar projects

Reuters    Translate This Article
18 January 2018

On 18 January 2018 Reuters reported: India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022. The country, which receives twice as much sunshine as European nations, wants to make solar central to its renewable expansion. It expects renewable energy to make up 40 percent of installed power capacity by 2030, compared with 18.2 percent at the end of 2017. Global Good News service views this news as a sign of rising positivity in the fields of science and government, documenting the growth of life-supporting, evolutionary trends.

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