This Chinese solar company is on a hunt for bargain deals in India
Mumbai: Trina Solar, a leading Chinese manufacturer of solar modules and photovoltaic cells, is keen to invest in solar power projects in India, as part of a wider play to drum up market interest for its own modules. The company intends to invest in under-construction solar power projects and is eyeing distress opportunities in the domestic renewable energy sector.
In India, Trina Solar has tied up with a local partner Engenrin Energy Private Ltd for its development and engineering-procurement-construction (EPC) businesses. Engenrin Energy is a renewable energy startup, run by Raj Kumar Roy.
Speaking to Mint, Roy said: “Trina Solar is keen to expand their project development businesses in India by either partnering with large developers to offer EPC-plus-financing or by buying out projects struggling for finance.
