India Tag

Ernst & Young, an international professional services company, showed striking gains made by developing countries in its most recent “Renewable energy country attractiveness indices.” According to the report, “Western Europe and the US markets have been hit by a perfect storm of reduced government incentives, restricted access to capital in increased competition from abroad.” Specifically singled out as “[sharing] an acute need for more renewable power” were Argentina, Hungary, Israel, Tunisia and Ukraine.

In India, government incentives have brought forth over 800 megawatts of installed biomass power generation capacity operated by dozens of viable local green energy companies. With the Indian Ministry of New and Renewable Energy estimating a national capaicty for the generation of 16,000 megawatts of electricity from agricultural residues, most companies have remained predominantly focused on the domestic market. Except one: Abellon CleanEnergy.