France-based energy company Areva (CEI.PA) is planning to invest $3 billion in India's rapidly growing solar power sector. The company plans to set up 1000 MW solar thermal power capacity in the next five to seven years.
Areva already has a presence in the biomass sector with 60 MW installed capacity and launched a joint venture with Astonfield to increase the capacity to 100 MW. Apart from renewables, the company is also expected to gain significant share in India's nuclear energy market through the Indo-French nuclear deal signed last year. Read More
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