《《BNEF_AR_India_Investment_Growth_2016_01_311》.pdfVIP

31 January 2012 INDIA –ANALYST REACTION Contents India becomes fastest growing country 1. STRONG GROWTH IN for clean energy investments 2011 BUT THIS MAY NOT LAST 2 India saw an unprecedented 52% growth in clean energy investments in 2011, 2. CAPACITY ADDITIONS CLOSE reaching a record $10.3bn. The wind sector still leads, but solar investment saw TO PROJECTIONS 4 a seven-fold increase. We present the highlights, review our forecasts and 3. GOVERNMENT detail the governments next five year plan. RAISES ITS AMBITION 5 ● Clean energy investments in India reached $10.3bn in 2011, 52% higher than the $6.8bn in 2010. This was the highest growth figure of any country albeit from a modest base; India accounted for just 4% of global investments. ● The large growth was driven by a seven-fold increase in funding for grid-connected solar projects: from $0.6bn in 2010 to $4.2bn in 2011. Solar almost reached the same level of investments as wind, which totalled $4.6bn . ● Asset financing remained the main source of funding for clean energy projects in 2011 with 92% of total investment or $9.5bn. This is significant as the higher lending rates observed over the past year could have negatively impacted asset finance. ● Venture