Greenbacks power cos green dreams

Sushmi Dey NEW DELHI

WITH oil prices ruling high despite recent correction, domestic companies such as Reliance Industries (RIL), Tata BP Solar, Essar Power, Suzlon and Moser Baer are investing more in renewable energy.

While Suzlon, Moser Baer, Indowind and Webel raised $1.4 billion overseas in 2007 through convertible bonds for investment in green energy, RIL, Tata BP Solar and Essar Power raised $628 million on domestic stock exchanges in 2007.