India 5th doing biz in clean energy

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Considering India’s notable in thesector, has ranked the country at fifth place on a list of 30 countries on in the renewable energy space. The ranking done by Bloomberg New Energy Finance’s annual report indicates that clean energy’s centre of gravity is shifting from developed to developing countries. The report ranked China in the first place, followed by Chile, Brazil, South Africa and India.

The report said: “The new policy ambitions from the (Narendra) Modi government signal clean energy opportunities in the country.” The strongest parameter in favour of India was value chain, while lower-than-expected investment continues to be the weak link.


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