Home » Finance » Bharat Light and Power picks up stake in SunEdison Solar Rooftop Project

Bharat Light and Power picks up stake in SunEdison Solar Rooftop Project

According to reports, Bharat Light and Power has picked up stake in the 2.5-MW Gandhinagar rooftop project of SunEdison, it is reliably learnt. With neither company willing to talk about this, other details are not known as yet.

Though small, the deal is of significance because of the uniqueness of the project. The Gandhinagar grid-connected rooftop solar project is the first of its kind in the country – the owners of the roof and of the project are different. Under this rent-a-roof model, the roof owner gets a share of the income from the solar plant.

Recently, SunEdison and Azure Power won mandate from the Gujarat Energy Research Management Institute (GERMI). If successful, these two projects will seen as a model to emulate and will pave the way for a ‘blazing rooftop revolution’ in the country.

The entry of into this project by Bharat Light and Power, a company promoted by Mr Tejpreet Chopra, a former GE India head, is seen as a measure of confidence in the rent-a-roof model.

One comment

  1. Nice to see Sun-Edison sticking to their rooftop policy in India too.

    I am sure India is to gain a lot from this model, mainly because we will abate the transmission and grid losses which take away a quarter of our generation every year due to the distance between generation and consumption centres.
    Also, with rent flowing to every roof top, there is going to be active participation from the very enterprising public of India! Ever wondered why there are so many cellphone towers and bill boards mushrooming on top of every building!

    All other solar feasibility conditions are applicable here too and I also feel that a very major intangible benefit would be that solar energy will get widespread attention when the project is right amidst the Janta!

Scroll To Top