ArcVera Renewables announced it has entered into the fast-growing market for renewable energy in India. It has set up new offices in Bengaluru and has assembled a team of international experts to deliver technical expertise to project developers, lenders, and investors in India as well as other Southeast Asia and Pacific Rim countries.
“India is a large and rapidly growing renewables market. Now with energy tenders and hybrid project requirements, it is an even more complex and competitive market. Local developers and investors are seeking best-in-class technical expertise to lower project risk, find advantages no other company has uncovered, and raise project value,” CEO, ArcVera, Gregory S Poulos said.
He added the recent exit of a competitor from the Indian wind market has left a vacuum that ArcVera is “ideally positioned” to fill in. ArcVera is present in resource assessments, project design, technology assessments, financing, M&A, due diligence, construction, operations, and repowering. The company says it technical expertise is at the intersection of energy resource and storage and well-suited to support the hybrid project trend in India.
