French Energy Giant Areva to Invest $3 Billion in India’s Solar Power Sector

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. EARTHANDINDUSTRY - France-based energy company Areva 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.