Hindustan Power is set to increase its footprint in international markets to 2GW by 2022. The company has recently acquired fifteen solar power generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25MWs solar projects at Trishal in Bangladesh.
Ratul Puri, Chairman, Hindustan Power said, "We are one of the early Indian player to focus on developing solar projects in the overseas markets. We have invested close to Rs 3000 crores and the target of 2GW would entail an investment of Rs. 10,000 crores. We believe that our successful foray will encourage more players from India to expand its operations in the international markets thereby allowing India to emerge as a solar power house."
Lalit Jain, CEO, International Solar, Hindustan Power said, "Hindustan Power has the distinction of developing solar plants in difficult markets and terrains within a short period of time. The 25MW solar farm developed in Lauta, Germany was on a World War II impacted site that required special treatment and concreting before the commencement of the project. The greenhouse PV project in Sardinia covers more than 38 ha of land and produces finest quality of roses which are being exported to Europe and allowing the organization to become the member of prestigious Roya Flora Holland. This project has increased the potential of land by constructing the greenhouse solar plant as the temperature inside GH can be controlled leading to a higher productivity while the solar panels generate clean & green energy."
He added, "The proposal to develop 4X25MW solar project has been submitted to Government of Bangladesh and required land agreement has already been signed. We will take these projects in to construction in the next couple of quarters. While many of the players were formalizing its plans, we recorded the distinction of being the largest renewable energy player in UK way back 2012 & 2013."