Thursday, October 23, 2008

Clear Skies Solar invests in India

Clear Skies Solar has announced an investment in India to setup a solar power plant. The New York (US) based company has tied up with India’s Prayag Green Solar Power. Both the companies will be jointly developing a 2MW solar power plant in Uttar Pradesh by the end of the year. The plant entails an investment of US$8m.
This is second major investment of Clear Skies Solar in India this year. Earlier in April, the company ventured with Power Cube to develop a 5MW solar power plant which is expected to become operational by early 2009.
Alternative energy market in India is witnessing a lot of action. Moser Baer has won contracts to supply silicon thin film panels worth US$500m by 2012. Singapore based Environ Energy announced an investment plan amounting to US$1.27bn for a solar wafer manufacturing facility in India.