Unprecedented amount of renewable energy investments were experienced by most of the countries across the world, in 2010. In 2009 around 186.5 billion USD was rendered for renewable energy sector, but in 2010 more than 243 billion US dollars have been allocated as energy investments. Small scale renewable energy generation projects experienced a twofold increase,
that was around 59.6 billion US dollars and countries like China, Italy, Czech Republic, Germany, United States, United Kingdom and so on, are executing their best in the renewable energy arena. China has surpassed the clean energy investments sphere with more than 51.1 billion USD in 2010, with a 30 percent raise when compared to the energy investments furnished in 2009. Europe exhibited more interest and investments towards the development of offshore wind energy projects and rooftop solar power panels. Recently the European Renewable Energy Association released their research reports which demonstrated that, the Europe would outstrip the 2020 renewable energy targets.
The president of Turkey Abdullah Gul recently asserted that, the country is at the great zeal about the energy investments in Yemen. President, in the Turkey-Yemen Business Forum mentioned the business tycoons of Turkey would support the economic development of Yemen. The business giants are having great zeal to pursue energy investments in the country. Many business mogul and top officials of Turkey from government sector and private energy organizations were present in Yemen for negotiations.
Ali Abdullah Saleh, the president of Yemen was also present in the summit conference between these two countries and both counties would join for launching a united industrial area. Ali Abdullah Saleh said that, the economic relationship between them would pioneer great deal of energy investments opportunities for producing more than 10,000 megawatts of power to Turkey. The visit would fortify the economic relations as well as develop the cultural relations between these two countries.
Many Indian companies are showing greater interest towards the renewable energy investments and recently around Rs 15 lakh crore was furnished in Gujarat, India on the day one of the conclave demoing of the state. The chief secretary for mining and industries Gujarat M.Sahu recently mentioned that, the government of Gujarat has penned roughly 2,766 commercial understanding with the business organizations and more than Rs 15 lakh crore has been invested for these ventures. The Reliance group owned by Indian business czar Anil Ambani and the Adani Group have invested more than Rs 50,000 crore and Rs 80,000 crore, respectively. Various sectors such as the financial institutions, bank, power, oil and natural gas and mineral-based industries have attracted great deal of investments. Power sector exclusively has attracted nearly Rs 3, 05, 204 crore.