According to a Pricewaterhouse Coopers (PwC), Indian Renewable Market is set to recieve about Rs 1,400 crore ($320 Million) in existing and upcoming wind and solar energy projects in Madhya Pradesh, Tamil Nadu, Maharashtra and Gujarat.
They are investing in projects which will be about 225MW in capacity.
The concept that is attracting a slew of investors to the Indian market is renewable energy certificates (RECs) which can be sold or traded through India Energy Exchange, the electricity trading platform is a big incentive to attract investments in this area.
Recently Tarun Kapoor - Joint Secretary, MNRE said India will install 30GW of power by 2017, which will be only possible if the industry has strong backup from Private partnerships.
