With ambitions to boost green power to 20 gigawatts by 2020, India is well on their way. According to The Economic Times, the country is set to produce 700 megawatts of solar power at a cost of $2.2 billion by December of this year.

The news source reports that India’s Solar Mission has investors bidding to build solar power plants. The government has been getting a lot of interest from investors, and the first batch of projects will roll out in December.

The 20 gigawatt solar power plan could attract approximately $70 billion in investments, the Indian government estimates. The Economic Times writes that India wants to be up to 10 gigawatts by 2017.

One such investor is the International Finance Corporation. The Business Standard reported that the IFC will invest $4 million in Moser Baer Clean Energy Limited subsidiary Sapphire Industrial Infrastructures Private Limited. The investment will be aimed at building India’s first large scale grid-connected solar plant in Tamil Nadu.

“India is keen to diversify its energy mix by pursuing climate friendly renewable technologies,” IFC Director for Infrastructure in Asia Anita George said in a statement.