Lightsource secures 50 MW solar project out of 450MW tendered in Maharashtra

British firm Lightsource Renewable Energy has announced that it has secured a 50 MW solar project out of 450MW tender floated by SECI in Maharashtra.

The company in a statement said that this is the maiden solar project secured by Lightsource in India.

It will receive benchmark tariff support of Rs.4.43/kWh, combined with viability gap funding (VGF) of Rs.1.96 million/MW.

Nick Boyle, CEO, Lightsource said: “We are delighted to be taking the first steps towards our ambitions for investment in India’s solar PV market. The Indian government has a huge appetite for solar energy and we believe that Lightsource will contribute significantly towards their target.”

Lightsource is one of the Europe’s most prolific developers of utility-scale solar photovoltaic (PV) projects.

With PTI inputs