India’s solar power rise is not only generating interest from the domestic developers and companies but also attracting interest from foreign-based companies also. The country’s solar programs have been entrusted with generating solar power around 10,000 MW of capacity by 2017.
And now a Business Line report suggests that the trend of overseas companies willing to co-invest in Indian solar power projects, seems to be growing. International biggies like Saint Gobain, which is a French glass major has decided to engage its Saint Gobain Solar division to play large part in the solar business world wide majorly relying on the brand name to promote itself in the solar sector. Apart from solar division, the company has a manufacturing subsidiary, Avancys, which manufactures thin-film (CIGS) modules.
Talking with reference to the Indian solar market, both Avancys and Saint Gobain Solar are interested in foraying and participating at broader level, as per Fabrice Didier, CEO, Saint Gobain Solar. He also added that the company has also made arrangements for ‘financing schemes’.
Yet another firm Enerparc, based out of Germany, is getting active in India. The company is open to project-wise ventures in India, said Stefan Muller, CEO, Enerparc. The company is looking to facilitate maintenance, set-up and operation of projects.
