I’ve always thought it was strange that the India green energy market isn’t much bigger. You just don’t hear about big renewable energy projects going down in India and that remains the case, but I still think this is a big potential market and one the big guys will be looking to get into in the coming years. India has ambitious plans for solar power and hopes to achieve 20GW of solar power within about 10 years.
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Since local companies don’t have the scale and expertise to support that kind of rapid expansion, you can bet the big China and US solar companies will be jockeying for position.
A local newspaper reports that Trina Solar (TSL) has signed an agreement with Chennai based GEMAC Energy for entry into the Indian market.