Canadian PV company SkyPower is searching for partners for its projects in India and will begin constructing them in Autumn 2016, according to Reuters.
SkyPower chief executive Kerry Adler said that the company was planning on expanding its base and activities in seven states, while also denying a report that stated that SkyPower could be leaving India.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“We do plan to announce in the days ahead the award of the engineering, procurement, construction (EPC) contracts for seven projects in India and are excited to commence construction of these projects we successfully won in the fall of this year,” Adler told Reuters.
SkyPower was recently reported to be looking to offload equity in its 150MW Madhya Pradesh PV project, which it won in July with one 50MW plant at a record low price of INR5.05/kWh (US$0.076).
Adler’s claim that SkyPower is staying put in India will be welcome news to the Indian solar sector, which may be having trouble closing finance for projects with low tariffs and has anxiously followed SunEdison’s recent financial woes, which threatened a large solar plant in Southern India.
While power purchase agreement (PPA) signings in Indian states such as Telangana were facing severe delays at the end of 2015, SkyPower announced in February 2016 that it had signed off on PPAs for four PV projects totaling 200MW combined in Telangana.
