Belmont, California based SunEdison Solar is set to expand its base in India by installing a 159 kilowatt solar micro-grids project to provide electricity to 4,875 people in six villages of India’s Madhya Pradesh state. SunEdison will begin construction in September and work with Rural Electrification Corporation, a Government of India organization, and the Madhya Pradesh Urja Vikas Nigam state agency.
The company’s current move bodes well since in the recent 2014 budget of Finance Minister Arun Jaitley, power generation though renewable sources was given high priority with the Indian Government allocating INR 1,000 crore for the development of solar power plants and solar parks. Lower taxes will be levied on solar power gear makers which in turn will reduce the cost of solar power panels. India plans to commission 20,000 megawatts of solar power projects by 2022.