Forbes/ by Kenneth Rapoza
Wind and solar power firms in India are counting on the new government of Narendra Modi to be friendly to alternative energy when it takes up shop later next month. While most of India’s wind turbine manufacturers are private, one large volume company has become the go-to choice to play mean and green in Modi’s India. Suzlon Energy has been trading like a triple levered exchange traded fund, and making every investor happy.
Modi is the main reason for the mega–bullish sentiment on alternative energy.
On Thursday, the Press Trust of India called Modi the country’s “first energy literate Prime Minister” and said industry groups are hoping the BJP party, which won a landslide victory against the incumbent Indian National Congress……..[Read more]
