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SunEdison sees great potential for Solar in India- 26MW projects under execution

SunEdison is implementing solar projects in Gujarat (25 MW), Rajasthan (5 MW) and Uttar Pradesh (1 MW), and hopes to be active in many other States, as and when they come out with their solar policies. Apart from this SunEdison is providing various services including design and engineering services to companies like Azure Power in one of their projects apart from implementing atleast a part of  is playing an important role with Mahindara Solar One in their 5MW along with Kiran Energy according to unconfirmed  information available with Panchabuta. Further, a couple of  months ago, Baltimore, US-based SunEdison  announced its intention to invest $100 million in solar projects in India and the company’s President, Mr Carlos Domenech, had said that many private equity investors are interested in partnering SunEdison and a deal could be struck in about three months.

SunEdison has been taking a leadership role in this space and is aggressively involved in a  number of the JNNSM projects that are now looking for assistance in design, execution and finance after having secured the big and now having to adhere to rather stringent time lines.

However, early this year, Rahul Sankhe, business development director of SunEdison Energy India Private Ltd, criticised certain aspects of the Jawaharlal Nehru National Solar Mission , though it seems like SunEdison will be one of the biggest winners of the National Solar Mission. Recently  Pashupathy Gopalan, Managing Director, SunEdison Energy India Private Limited has said that the Indian budget was a pragmatic one.

According to reports,  Pashupathy Shankar Gopalan, Managing Director, South Asia, SunEdison, said in an interview, that they have been able to create a significant pipeline of projects since they started the Indian operations in 2010.

He further added in the interview, ” The Solar potential of India is huge and with the government policies becoming more liberal and open, we see great potential in the grid and off-grid markets. All of India is gearing up for adoption of greener forms of energy. From a solar energy company point of view – In India, given the power problems and low electricity connections, off-grid projects with smaller capacities are more favorable. Hence, India would be the best place to start off-grid development. (Off-grid capacities can be as low as 5-10 KW as compared to at least 20 KW in grid connected systems). Where there are caps on applications, we work as technology partners for various organizations. For the companies, SunEdison manages the technical aspects of the installations.” (Click to read the entire interview)

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