In the field of domestic solar power industry in India, New and Renewable Energy (MNRE) Minister RK Singh said Singapore, UK and Mauritius have emerged as major investors, with a total investment of $3.86 billion in three years. It was announced in parliament that it would go up. . According to Prime Minister Singh’s statement to the Lok Sabha, Singapore led the pack with investments of US$780,781,000, closely followed by the UK with US$778,271,000 and Mauritius with US$632,523,000. .
The remainder of the foreign direct investment (FDI) came from various countries, particularly the UAE (US$543,235,000), the Netherlands (US$256,197,000), Japan (US$207,590,000), and Norway. (US$196,656,000) was notable. Among other things. Conversely, some countries made more modest investments, including Seychelles (US$0.075 million), Bermuda (US$202,000), Germany (US$777,000) and Sweden (US$478,000).
The data disclosed shows a robust inflow of FDI amounting to USD 386 billion into the solar energy sector within the last three financial years, which continues till September 30 of this fiscal year. In a parallel disclosure, the minister said that India’s installed solar power capacity has increased significantly, increasing from 2.82GW as of March 31, 2014 to 73.32GW by December 31, 2023. He emphasized that.
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