Sun Edison, First Solar commit to build 20,000 MW green power in India

US firms Sun Edison and First Solar have committed to set up over 20,000 MW of renewable power capacity in India in the next five years.

Sun Edison has pledged to build 15,200 MW renewable capacity and First Solar has committed 5,000 MW at RE-Invest programme, which was inaugurated by the Prime Minister Narendra Modi.

These two companies are part of the 293 firms which have committed to generate 266 GW (2,66,000 MW) of renewable energy in the next five years.

At the first Renewable Energy Global Investors Meet (RE-Invest), Modi said there should be thrust on equipment manufacturing under the 'Make in India' plan as it will go a long way in job creation.

Renewable energy companies, including Suzlon and Gamesa, have committed to manufacture equipment to help generate 11,000 MW and 7,500 MW of power respectively to be used in the non conventional energy side.

NTPC has said it would generate 10,000 MW of power through green sources in the next five years.

Country's biggest lender SBI has said it will finance 15,000 MW renewable energy over the next five years.