UK-based firm backs India’s renewable energy mission
India’s goal of multiplying its renewable energy output is an achievable target, an Indian-origin chief of a UK-based energy firm has said, highlighting the need to work through the country’s internal and external trade policies.
“The Indian government has set an ambitious goal of adding 100GW of solar capacity and 75GW from other renewable sources by 2022 at over $100 billion investment. This could make India one of the largest solar power markets in the world,” said Samir Brikho, CEO of Amec Foster Wheeler.
“As with anywhere in the world, India will need to work through its internal policies and external trade policies, including its approach to support financing the projects. Improvement in power capacity will take time and the oversupply of domestic power plant equipment is expected to drive fierce competition,” he added.
Since entering the solar market in 2008, it has delivered nearly 700MW of solar EPC projects in the US. The firm also boasts the world’s largest 100% fired biomass plant in the world.