Germany-headquartered solar EPC IBC Solar is branching out into Indias 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.
"Were 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."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.