IBC Solar AG is taking the next step: With an excellent track record as bankable EPC contractor, the company is now moving into project business development in India.
Currently IBC Solar is assessing cooperation with different project developers in the segment of 20MW to 50MW projects. Besides this, the company is supplementing its portfolio of equity investments partners. By entering into the development process with developers in an early stage, IBC Solar aims to add expertise on the financing side, both on the equity as well as on the debt side. The combination of having deep technology expertise, being the EPC contractor and by being an equity investor will add credibility and reliability to projects.
"We're convinced about the huge potential of the Indian PV market. We know that solar power can help to solve the increasing demand for electricity in India", says Reinhard Ling, Managing Director at IBC SOLAR Projects Private Ltd. in Mumbai. "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. Our aim is to stay in India as a partner for mutually beneficial long-term cooperation."