Through meeco India Private Limited, the company will cover the entire life cycle of the PV projects, from their development, financial structuring, engineering, procurement, construction management, and long-term operations.
Tarun Munjal, managing director of meeco India says that by the end of this year, the goal is to build a portfolio in excess of 10 MWp. He adds: "In the next three years, meeco Indias objective is to achieve a portfolio of 50 MWp across different states in India."
Dieter Trutschler, member of the Board of Directors of meeco AG, goes on to say: "India is densely populated and has high solar radiation, an ideal combination for the usage of solar power. Thus, India is poised to expand its role in photovoltaic solar adoption and to become a leading destination for such technology. This is a great chance for us and our partners to widen our activities in the Asian and especially in the Indian market."