Photo: ReutersNew Delhi: Ayana Renewable Power, a renewable energy firm operating in India and neighbouring countries, is scouting for acquisitions. Mint reported on 23 February last year about CDC Group’s plans to set up its own renewable energy platform for India and South Asian countries. In April last year, CDC Group announced an investment of up to $100 million to support the development of renewable energy projects in India. There is a growing overseas interest in India’s clean energy programme, with the government setting an ambitious target of putting in place 175 gigawatt (GW) of clean energy capacity by 2022. The survey said that India’s quest for low clean energy tariffs “possibly contributed” to demands for renegotiation of the already signed power purchase agreements.

Source: Mint February 28, 2018 19:18 UTC