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FDI in renewable energy sector shows rapid growth
30 November 2010: The FDI in renewable energy sector has shown an upward trend and investment in the sector in 2009-10 has been very attractive, according to sources.
The FDI in renewable sector has been growing rapidly. During 2006-07, 2007-08, 2008-09 and 2009-10, the investment to the sector was $2.11 million, $43.15 million, $ 85.27 million and $497.91 million respectively.
Wind energy is the fastest growing renewable energy sector and the FDI inflow in the sector has been increasing over the years.
The Union Ministry of New and Renewable Energy has already announced a Generation Based Incentives (GBI) scheme for grid connected wind power projects with the objective of broadening the investors'...base by attracting FDI and independent power producers.
Source: Financial Express