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The Next Frontiers: Argentina and India are getting serious about renewable energy investment
While China has been grabbing the attention of the Asia Pacific market, and Mexico and Peru have been making headlines in Latin America with record low auction prices, developers looking to further expand in those markets should look to two countries: India and Argentina.
The Indian government released big news for renewable energy developers in July as the Ministry of New and Renewable Energy (MNRE) announced its plan to double the large-scale solar target from 20 gigawatts to 40 gigawatts by 2020. Argentina is also prepared for increased growth in renewable energy capacity as the country plans its first renewable energy auction program. Savvy project developers and investors who can navigate the political landscape of these countries will find new and unprecedented opportunities for growth and return on investment.
India: With a population of more than 1.2 billion and several of the most polluted cities in the world, India stands to be the foca