Florida-based GreenWorld Development Inc. has announced that it is entering the Indian wind energy market. Through GreenWorld's office in Hamburg, Germany, the respective company structure with its Indian partners has already been set up.
GreenWorld will make an initial investment of approximately $20 million in this expansion, according to the company's CEO, Leo J. Heinl.
‘On one hand, the Indian government is determined to become independent from expensive energy imports and is emphasizing the importance of renewable energy sources,’ says Heinl. ‘On the other hand, there is a huge and growing energy demand in line with India's outstanding economic growth.’
SOURCE: GreenWorld Development Inc.