If big brands undercut solar market, we’ll stay with only wind: Hero Future Energies
“Big announcements have helped the sector. SunEdison has expanded its plans; SoftBank has committed large investment. We finally have resources in the sector with major names claiming to invest upwards billion dollars. In the next two years, we (wind and solar industry) are going to pull off 10,000 Mw on the ground,” said Rahul Munjal, managing director, HFE.
HFE witnessed a fast growth by scaling up to a portfolio of 250 Mw in two years. It has a pipeline of around 1,000 Mw of wind power projects across seven states for the coming year.
“In grid connected solar projects, we would like to see how the excitement of these big boys pans out. If they under bid or undercut the market with low prices, then we will stay mostly with wind,” said Munjal.