Lightsource to invest Rs 6,500 crore in India – Feedback

UK-based Lightsource Renewable Energy will invest Rs 6,500 crore over the next 2-3 years to set up 1000 MW solar energy projects in India. “The company is looking at developing 1000 MW of solar power projects entailing an investment of Rs 6,500 crore over the next 2-3 years,” Lightsource Renewable Energy Ltd Managing Director and Head India Operations Rupesh Agarwal told.

Lightsource recently won a 50 MW solar project in Maharashtra under the Centre’s ambitious solar programme. This is the maiden solar project secured by the company in India. “We are eyeing 1000 MW of solar power projects in the country which is bare minimum in the backdrop of government’s ambitious target of adding one lakh MW by 2022. We would like to do even more than targeted 1000 MW in coming years depending on the auctions of these projects,” Agarwal said.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *