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 system planets for kids
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.
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