The Dubai-based Abraaj Group, a leading investor operating in global growth markets, and Indian conglom Aditya Birla Group, have joined forces to build a gigawatt-scale renewable energy platform focused on developing solar power plants in India. Abraaj will invest in the platform through one of its funds while Aditya Birla will invest through its Aditya Birla Nuvo Limited division. Abraaj and Aditya Birla have launched their joint endeavor "at an opportune time in the growth of the Indian renewable energy sector," the companies said in a statement. They point out that demand for Power in the country is growing as a result of the country's expanding population, increasing urbanization and related economic activities. "At the same time, the Indian government has created favorable regulatory policies to increase the use of renewable energy, including setting an explicit target to achieve 100 GW of solar power capacity by 2022, compared to the current installed capacity of 4 GW. Together, these factors create a compelling investment opportunity ...Den vollständigen Artikel lesen ...