India is an emerging international hub for investing into the Renewable Energy sector. Investors across the globe are eyeing the country to make fortunes from the deployment of Renewable Energy based power generation projects. The country is expecting an investment of $200 billion in the Renewable Energy domain; domestic and international investors have already committed $20-30 billion investment for such ventures.
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Renewable energy (RE) best known as sustainable energy is gradually replacing the conventional sources of power generation, across the globe. Past few years have witnessed an exponential growth in the number of renewable energy based power generation project installations; this in turn has led to a significant increase in number of RE project transactions (buying and selling); as of now stakeholder interaction for all renewable energy project transactions is limited to the traditional mode only.
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The Ministry of New and Renewable Energy (MNRE), Government of India, and the Ministry of Mineral Resources and Energy, Government of Mozambique, have signed a Memorandum of Understanding (MoU). The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the MoU. The MoU was signed in New Delhi during the visit of the President of Mozambique to India.
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