UK-based renewable energy consultancy OST Energy has opened a new office in New Delhi to support its growing business in India.
OST incorporated its Indian business division in December 2015, led by Bihag Mehta, and has already carried out a number of solar surveys with developer CLP to assess new solar capacity.
Solar has been identified as the leading technology to help bring power to 300 million people in the country under Prime Minister Modi’s reforms of the energy market in 2014.
“There is huge potential behind the push for Indian solar development,” said Simon Turner, Director, OST Energy.
“Given pressure to lower the levelised cost of energy for solar development in India, due to the high cost of domestic capital, we have to ensure that the projects that are developed are built according to industry best practice. Only investment grade assets will help the country meet its ambitious long term targets.”
Image: Solar plant in India (CNPV)
