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GE Energy Financial Services Invests in Moser Baer Clean Energy

According to reports, India’s Moser Baer Clean Energy Ltd. Thursday said GE Energy Financial Services is investing 3 billion rupees ($60.6 million) in its 20 megawatt solar project in Italy.

The project is located at a greenhouse at Sardinia in Italy and its first 5 MW are already operational, with another 15 MW expected soon, Moser Baer Clean Energy said in a statement.

Moser Baer Clean Energy expects to have 1,500 MW of solar energy in India by 2015.

GE Energy Financial Services is the energy investment unit of General Electric Co.

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