Foreign investors keen on funding Indian renewable projects: Scatec

Despite a host of regulatory and legal issues challenging the Indian renewable energy industry, international investors remain keen on investing in Indian projects, a top executive at Norwegian renewable energy developer Scatec said.

Scatec recently bought into 50% of a 900 MW project by Acme Solar in Rajasthan, scheduled for completion in 2022. Although financial details of the investment were not released, ET has understood that Scatec invested $50 million for the deal.