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The British government pledged to support the development of solar photovoltaic industry in India

sourceOFweek

time2011/11/21

The British National Climate Change and energy minister Greg Barker said on Wednesday, despite the global financial crisis, but the British have been committed to investment in green energy, and promised to support India's financial development of solar energy photovoltaic power generation.

PV portal news site content from global photovoltaic network

In Suzlon India Energy Limited company headquarters, Greg Barker said India on solar photovoltaic power generation enthusiasm inspired him. " The capital market through initiatives, we are looking for ways to ensure the development of green energy decisions are smarter financial choice. We have started to work in India. Over the past few months, I take the initiative to contact the city of London banks, institutions and investors, and they explore the field of renewable energy investment barriers and solutions." He mentioned the tradable renewable energy certificates are used, said that this and other green energy incentives as worthy of attention.

PV portal news site content from global photovoltaic network

Buck said Britain provided 6000000 pounds to help reduce the cost of solar photovoltaic power generation and" unlock the private sector in India 's kickstart project financing", and the Asian Development Bank ( ADB ) joint development projects. " This project is why we established international climate fund to help developing countries cope with climate change and low carbon economy. 6000000 pounds will reduce solar power technology investor risk."

He says the need for renewable energy investment and a greater impetus to the economic slowdown, the age is more important. " The most developed economies, especially in Europe and the UK, clear sense of the market malfunction will undoubtedly lead to low carbon economy remains in the doldrums. As the new era of fiscal deficits and stretched under the pressure of the taxpayer, we must bring renewable energy to do more powerful." Buck said, climate change threat only through between a close partnership to solve. " In the UK, we are determined to reduce the deficit and the establishment of a global competitiveness of the low carbon economy. But it is also a challenge, need our collective response. The energy and climate threat, we need mutual efforts, common goals, and between government and private sector to establish genuine partnership." This article from the solar portal news site global photovoltaic network, website: globepv