ACWA Power’s CEO says Indian PV companies expanding to the Middle East ‘fear the unknown’
PV Insider’s recently published guide on ‘Exporting Indian solar expertise abroad’ includes interviews from key Middle Eastern solar players such as ACWA power, Masdar and Sun & Life on whether Indian companies would make good partners on PV projects in the Middle East.
In a recent contribution to PV Insider’s guide on ‘Exporting Indian solar expertise abroad’, Paddy Padmanathan, ACWA Power’s CEO, said that they ‘are interested in any partner, local or international, who brings specific value in helping us lower the cost of producing electricity that we are selling’.
Whilst Padmanathan recognises that Indian companies do tend to be cost competitive and should, in theory, be good partners for PV projects in the Middle East, he says that the biggest issue for Indian companies who are looking to enter the Middle East’s solar market is their ‘fear of the unknown’. Nonetheless, he remains optimistic when saying that: "We are happy to welcome reliable and committed players who will approach the market fully confident that they can be the most competitive compared to any other come what may’.
Along with the interview with Padmanathan, PV Insider’s in-depth guide on the potential for Indian PV developers, EPCS and suppliers to expand their business in the Middle East, also includes interviews with the Saudi Arabian EPC Sun & Life, the UAE developer Masdar and the Indian developer Tata Power Solar
The guide addresses the challenges and opportunities that Indian companies will face when entering the region. It also includes Middle East market overviews withdetails on who the key government, utilities and developers in the key markets of the UAE, Saudi Arabia and Qatar are.
You can download the complimentary guide by following the link below:
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