IBC Solar eyeing large-scale project development in India

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Germany-headquartered solar EPC IBC Solar is branching out into India’s expanding solar industry, and is seeking to expand its development portfolio initially with projects in the 20 MW to 50 MW range.

IBC Solar has also confirmed that it will be "supplementing its portfolio of equity investment partners" to enable it to leverage on its experience in the German trade and project market and build upon its reputation to cement a similar standing in India, the company said.

IBC Solar will seek to partner with developers of Indian projects at an early stage, thus seeking to improve the bankability of those projects it is involved with, while also bringing experience to the financing side, both in equity and debt.

The developer states that this combination of "deep technological expertise" and its experience as a contractor and equity investor will set IBC Solar in good stead in the growing Indian market.

"We’re convinced about the huge potential of the Indian PV market," said IBS Solar MD for projects private, Reinhard Ling. "We know that solar power can help to solve the increasing demand for electricity in India. Until now, we have made a name for ourselves as an EPC service provider in India. As a recognized and financially strong project developer, we now cover the entire process and value chain, including project development and finance."