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Lightsource to invest $3.05 billion in Indian solar power
- 9 years ago (2015-11-13)
The firm has announced plans to design, install and manage more than 3 GW of solar photovoltaic (PV) infrastructure in partnership with a number of reputable Indian companies over the next five years.
World Future Energy Summit (WFES) 2025
In addition to creating over 300 solar jobs in India, this investment will also create over 300 UK jobs. Many more jobs will also be created in related industries, such as construction and steel fabrication to facilitate the installation of the new sites.
The first partner announced is SREI Infrastructure Finance Limited, which is the leading infrastructure financing entity in India specialising in financing, development and advisory functions.
Lightsource is among the largest solar PV energy generators globally. It has deployed more than $2.59 billion of solar assets and manages an operational portfolio of more than 1GW. India is of key interest to the company, after being part of a trade mission to the country earlier this year alongside Baroness Verma who at the time was an Under Secretary of State at the Department of Energy and Climate change.