Clean energy companies are increasingly looking abroad to expand business and diversify risks even as some state utilities in the country are now backing out of contracts, threatening the viability of a number of renewable power plants.
Leading companies like Hero Future Energies are pursuing opportunities overseas after establishing themselves in India. Major rooftop solar developer SunSource Energy already gets one-third of its business from overseas projects and its competitor CleanMax Solar forayed into the UAE recently. Gensol, an energy engineering, operations and maintenance (O&M) player, is active in nine countries, excluding India. Read More…
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