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India to Invest $37 Bln for 17,000 MW Green Energy Capacity by 2017

India currently relies heavily on coal for its mass consumption of energy. Even though the country’s renewable energy capacity represents 11% of the global installed power capacity, for India it is not enough. The ministry for New and Renewable Energy has recently announced an investment of $37 billion in green energy generation, which should add up another 17,000 MW in the next 6 years.