A fast developing sector in India, the solar energy industry is a popular terminus for foreign direct investments. As the name suggests, in solar energy, heat from the sun is harnessed using a range of technologies. This important source of renewable energy finds great potential in India with the country having the lowest capital cost per MW globally to install the solar power plants.
In 2019, India ranked fourth as the most attractive renewable energy market in the world. The country also has the 5th largest capacity of solar power in the world.
The company came to us with a baseline structure of an ambitious project to be set up in South India. The project revolved around the construction of a solar farm with the ability to power several large office and university set-ups including surplus storage.
The company came to us with a blueprint and a clear idea. However, they were lacking a concrete plan to direct their solar power plan project towards foreign investors. They also had little idea about foreign direct investment and its entry routes.
As is first with every project we accept, we thoroughly researched the plan to deduce the foreign direct investment availability. We mapped the entry routes and any complications the project may face in the future. The challenge for us was to guide the entire project through the lengthy process of foreign direct investment without incurring major difficulties.
We connected the company with interested foreign investors, and hereafter, the project commenced.