Major US renewables company Astonfield is set to invest a massive $2 billion in India over the next five years, the largest single cash-injection in renewable energy ever seen in the sub-continent.

The deal will generate about 1,000 MW of power, most of it from solar sources.

Much of the proposed $2 billion investment will go towards building solar-photovoltaic powered projects with a capacity of 500 MW.

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Compared to most other industrialized countries, the rail infrastructure system in the United States is only in its most stunted infancy.

President Obama’s stimulus package, however, is now going to help bring our nation’s transit system into the 21st century. Nine billion dollars has been allocated over the next five years to begin building a faster and cleaner high speed rail network that will not only provide many needed jobs, but will also give us more sustainable transit options and help to make us more competitive internationally.

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More people than ever are now using mass transit in the United States. Ridership on trains, buses, ferries and subways is at record levels, according to a survey just released by the American Public Transportation Association.  Their study reports that, “despite falling gas prices and an economic recession, increasing numbers of Americans took 10.7 billion trips on public transportation in 2008, the highest level of ridership in 52 years and a modern ridership record“, and a 4% increase from 2007.

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Speaking at the Paris Motor Show, President Nicolas Sarkozy said the investment is destined “exclusively for the research and development of non-polluting vehicles.” His comments follow earlier announcements from French carmakers Renault SA and PSA Peugeot Citroen of separate agreements with energy company Electricite de France (EdF) to develop and market green vehicles.

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