India is currently the world’s third largest greenhouse gas
producer. As India’s population continues to grow larger and larger, India will
continue to need more and more energy. This is a scary thought considering the
fact that we need to drastically cut fossil fuel consumption as soon as
possible to avoid catastrophic effects. General Electric is helping combat India’s
potential fossil fuel reliance by investing 50 million dollars into a company
called Greenko. Greenko is an Indian green energy which currently owns and operates
seven hydroelectric plants, six biomass plants, and one gas/liquid fuel plant.
Together these clean energy plants provide 183 megawatts of clean energy to
India every year. The 50 million dollar investment will be enough to build 500
megawatts of wind projects across the country of India. Greenko's President Mahesh
Kolli stated that this investment combined with the revue made from the
investment will be enough to propel the company to its goal of providing 1
gigawatt of clean electricity by 2016. Currently 14 gigawatts of energy are
provided to India each year by wind turbines. It has been estimated that India
has the capacity to support 45 gigawatts of energy from wind turbines. It is
exciting to see India take such a large step in the direction of sustainable
energy. Also, this is a great investment for General Electric who is currently
the world’s third largest producer of wind turbines. It is estimated that at
least 30 states in the United States have the potential to be self-sustaining
clean energy providers, so hopefully we will see similar investments in the United
States in the coming years.
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