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PV investors look to copy European success in India


18 Sept. 2015 by Jason Deign, Solarplaza

IBC sees ‘huge potential’ in India and aims to take part in 7 GW of projects over the next seven years.



Josef Eichhammer, vice president of IBC Solar, has expressed his company’s goal of participating in at least 7 GW of solar projects in India up until 2022. “We plan to apply a similar approach in India as we have already successfully applied in Spain, Portugal, UK, Germany, Italy and other countries,” he said.

“As a recognised and financially strong project developer we cover the entire process and value chain, including project development and finance, plant sales and downstream technical management with maintenance.”

Since entering the Indian market as an engineering, procurement and construction (EPC) services provider, IBC has implemented five large-scale photovoltaic power plants with a combined output of over 30 MW. “Until now, we have made a name for ourselves as an EPC service provider in India,” said Eichhammer, who will be speaking to potential local partners during the South India Solar Investment Conference, taking place in Hyderabad on 8-9 October 2015.

“We always adapt our business model to the conditions of a particular country,” he continued. “Our strategy in India represents an ideal type. “Our first step in 2008 has been to take on the role of technology provider, offering a package of engineering, procurement and supervision. Our aim is to stay long-term in India, as a developer, investor and EPC contractor.”

IBC represents just one of the 25+ international investors, financiers, project developers, manufacturers and consultants that will travel to India this October to meet local solar companies during the 2-day South India Solar Investment Conference, and eagerly expand their solar business in the region.

The conference will also be joined by top-tier international speakers, such as Vishal Shah (Managing Director, Deutsche Bank), voted the leading global solar analyst multiple times, who will be traveling from New York to give his unique insight and analysis of global trends in the solar market, and National stakeholders such as the Honorable Governor of Andhra Pradesh & Telangana, energy secretaries, chief ministers etc. See the entire speakers line-up on the conference website.

By implementing new policies for renewable energies with a growth target of 100 GW until 2022, India is attracting a lot of international attention.

“By implementing new policies for renewable energies with a growth target of 100 GW until 2022, India is attracting a lot of international attention,” Eichhammer added. “One can see investments coming in for new production facilities of solar components and on top of this new international capital coming in for investments in solar power plants.”

A major lure for these investors, he said, is India’s pro-solar regulatory framework. “Overall the government is on a good path to achieving its ambitious goals by providing an environment which facilitates the growth in the sector of renewables.”

As part of its growth plans, IBC is looking to cooperate with local developers more closely, for example by supporting them during the development process and evaluating different configurations, layouts and components.

“We can also contribute by entering into the development process in an early stage with developers, and can add expertise on the financing side, on the investment side or by making equity investments ourselves,” said Eichhammer.

“The combination of having deep technology expertise, being the EPC-contractor and being an equity investor will add credibility to the project, enhancing the confidence of the financing community and of financial investors.”

To find out more about the opportunities for Indian solar firms to network with foreign investors and project developers from Australia, Saudi Arabia, US, UK, Germany, Switzerland, Greece etc. sign up now for the South India Solar Investment Conference.