GE to invest $90 mn in solar projects

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Attracted by India’s growing clean energy play, GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and plans to invest $90 million to develop a solar project portfolio of 500 megawatt (MW) with RattanIndia Group. GE’s investment in the Indian project comes at a time when financing at the lowest cost has become the key to success, with bids falling almost by the day (projects are awarded to the company that agrees to charge the lowest tariff). GEEFS has made investment commitments of around $15 billion globally.

 

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