UK’s Lightsource Signs 3 GW Solar Power Deal With India

UK-based project developer Lightsource has announced its expansion into the rapidly growing solar power market of India.

Lightsource recently signed an agreement to invest $3 billion to develop 3 GW solar power capacity in India. The agreement was signed during Indian Prime Minister Modi’s visit to the United Kingdom.

While the company did not share any details about its plans to set up the solar power projects, it joins a long list of international project developers eyeing the Indian solar power market. Some of the leading foreign companies that have entered the Indian market recently include, SkyPower Global, SBJ Cleantech (a joint venture between SoftBank, Foxconn, and India’s Bharti Enterprises), First Solar, Gamesa, Trina Solar, and Hanwha Solar.

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