Solairedirect Says India Solar Cheaper Than French Firm Expected
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Solairedirect SA, a French developer that won an Indian solar project with a record-low bid, said India offers greater cost savings than expected for investors in sun-based power.
The Paris-based company, which completed its first 5-megawatt plant in India in February, found that local suppliers of structural and engineering services were more competitive than expected, prompting it to consider ways to drive down costs in Europe as well, said Gaurav Sood, managing director of Solairedirect’s India unit.