Warm and sunny India took its time to embrace solar power. Three times sunnier than Germany, it lagged behind while the colder European nation took the lead in solar power. But now, the tiger has emerged into the sunlight.
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This airport is also the first in India to be built in a public–private partnership (PPP) model. It is owned by a public limited company called Cochin International Airport Limited (CIAL), floated by the government of Kerala in 1994. The state government holds a 33.36% stake in it, while non-resident Indians and individual investors own 38.03% stake. The rest is held by various companies.
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Image courtesy Tech in Asia
Solar power has a bright future in India. PM Narendra Modi has set ambitious targets of 100GW solar and 60GW wind power targets for India by 2022. Japanese telco SoftBank, Indian telco Bharti and Taiwanese electronics manufacturer Foxconn have formed a fund named SBG Cleantech that will back cleantech start-ups as well as bid for solar plant tenders under the National Solar Mission programme and state-specific solar programs.
This has been sourced from Tech in Asia. You can access the article here.