Bharat Light picks up stake in SunEdison project
Bharat Light and Power has picked up stake in the 2.5-MW Gandhinagar rooftop project of SunEdison, it is reliably learnt. With neither company willing to talk about this, other details are not known as yet.
Though small, the deal is of significance because of the uniqueness of the project. The Gandhinagar grid-connected rooftop solar project is the first of its kind in the country – the owners of the roof and of the project are different. Under this rent-a-roof model, the roof owner gets a share of the income from the solar plant.
Recently, SunEdison and Azure Power won mandate from the Gujarat Energy Research Management Institute (GERMI). If successful, these two projects will seen as a model to emulate and will pave the way for a ‘blazing rooftop revolution’ in the country.
The entry of into this project by Bharat Light and Power, a company promoted by Mr Tejpreet Chopra, a former GE India head, is seen as a measure of confidence in the rent-a-roof model.
Source: Business Line