Lightsource has held a long-standing interest in India. In June PV Tech’s UK-focused sister site Solar Power Portal reported that India was in Lightsource’s crosshairs with the developer looking to export its development expertise into new and emerging markets.

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India represents a huge boon for the international solar industry given targets set by Modi's government to install up to 100GW of solar in just seven years. Development contracts are being secured in the country, perhaps the most notable of which a is 500MW tender secured by SunEdison in Andhra Pradesh at a record low price of INR4.63/kWh (0.046 pence).solar power system for small homes

Lightsource will however not be the first British developer to enter the Indian market. British Solar Renewables has established offices in India and Pakistan, and Giles Frampton, business development director at British Solar Renewables, said Modi’s election had given developers and investors greater confidence in the country.

“Prime minister Modi’s visionary work on renewables as a state governor and now as PM is to be applauded. We are now able to export British goods and knowhow that have been developed in the turbulent UK market,” Frampton said, adding that it was a “great shame” the UK government had turned its back on solar given the “huge contribution” it could make to the country’s energy market.

Many other UK-based developers are strongly expected to diversify into new markets as the domestic market contracts owing to regulatory changes and investment uncertainty. Hive Energy has opened offices in Dubai and Turkey in recent weeks, while Lightsource has already outlinesolar power system for small homes d a £500 million investment in the Irish market.

Major semiconductor equipment manufacturer Applied Materials is continuing to disengage from the solar equipment market after previously announcing its exit from Precissolar power system for small homes ion Wafering Systems (PWS) wire saw business, headquartered in Switzerland and stop development on its ‘Solion’ ion implant product, based in the US.

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