Blueleaf Energy gets in the Indian market with the procurement of Vibrant Energy
- Singapore-based renewable energy business Blueleaf Energy Asia Pte Limited obtained a bulk risk in an Indian clean energy options service provider, Vibrant Energy Holdings Pte Ltd from ATN International, Inc.
The firm, possessed by Macquarie's Green Investment Group (GIG), specified that the procurement would offer commercial as well as commercial consumers a possibility to handle their energy requirements and also achieve decarbonization targets. Presently, Vibrant Energy Holdings has 66 MW of operational solar jobs, as well as one more 400 MW of solar jobs are under pipe throughout India.
Blueleaf has established, developed as well as run virtually 2 GW of solar capability around the world, including over 500 MW in the Asia Pacific area. The activities are focused on Taiwan, South Korea, the Philippines, Vietnam and also Malaysia, and also across other markets in South East Asia. The procurement marks Blueleaf Energy's entry into the Indian market, which is currently the 3rd largest solar market worldwide. From its existing base of circa 35 GW, India is targeting the setup of 100 GW of solar capability by 2022, and 300 GW by 2030.
"With the purchase of Vibrant Energy, we've secured a team as well as an advancement pipeline in one of one of the most considerable markets for the solar energy industry," claimed Sol Proops, Interim CEO of Blueleaf Energy.
