Foreign media said India is working on solar energy, and the government plans to invest a huge amount of investment in the industry. This attracts a large number of foreign investors.
According to the "Swiss daily" website reported on May 1st, in the process of looking for long-term environmental protection projects, investors are increasingly turning to India: Prime Minister Modi hopes to build a huge solar park to promote renewable energy from fossil energy to the third largest economy in asia. His goal is to invest 100 billion dollars in the solar industry over the next five years. Behind him, there is a world bank loan support. No country can compare the support of the solar economy in India.
The local natural conditions are very ideal, and the days of the sun are often over 300 days. In less than three years, solar power installed capacity has increased by two times. This growth has been driven by a reduction in the price of solar panels and a reduction in the cost of loans.
In spite of this, 12 billion watts of solar power installed capacity is only a small part of the total installed capacity of about 315 billion watts. Modi plans to increase the capacity of solar power to 1000 billion watts by 2022.
This attracts investors from all over the world. Japanese telecom giant and large investors and partners of Softbank Corp has pledged to invest $20 billion to the India solar industry.
European companies such as the French electric power company and the Italy national electric power company are now active in the renewable energy market in India. The same is true of the investment funds of Goldman Sachs, JP Morgan and Morgan Stanley. In addition, some of the world's largest pension funds have also made tentative attempts, such as the Canadian market leader, the Canadian pension plan investment committee.
But investors are worried that the debt - laden India energy supply companies may be unable to repay the loan. And investors are worried that there is a risk of profitability as the electricity price falls.