500 MW solar power complex to be set up in Chitradurga
Billionaire investor Warren Buffett’s Berkshire Hathaway is interested in solar power, and his interest in alternative energy has provided a major boost to Indian solar operators in the private sector.
American Energy Holdings, a company controlled by Berkshire Hathaway, has acquired two solar photovoltaic power plant projects in California from SunPower Corporation. American Energy is to shell out over $2 billion for the sale, construction and operation of the projects by SunPower.
As a private solar player said, “India’s solar power sector was very popular with private equity players in 2012. More operators are looking for funds to carry out their expansion plans.”
India has over 40 private solar players such as Tata BP Solar India, Sun Technics Energy Systems, Bharat Heavy Electricals, Moser Baer, Premier Solar Systems and Maharishi Solar Technology, amongst others.
Officials said several States are rushing to install solar power to meet growing energy demand.