USA-based ArcVera Renewables has announced its entry into India’s fast-growing wind, solar and hybrid energy storage market. The consulting and technical service provider has set up an office in Bengaluru, Karnataka, to deliver industry-leading expertise to project developers, lenders, and investors in India and other Southeast Asia and Pacific Rim countries.
“Several factors have converged to make this a timely and strategically sound long-term business expansion decision for ArcVera. On the one hand, 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 seek best-in-class technical expertise to lower project risk, find advantages no other company has uncovered, and raise project value. On the other hand, the recent exit of a competitor from the Indian wind market has left a vacuum that ArcVera is ideally positioned to fill in,” commented Gregory S. Poulos, CEO of ArcVera Renewables.
ArcVera’s services cover the full project lifecycle, including finance-grade resource assessments, project design, technology assessments, financing, merger and acquisition, due diligence, construction, operations and repowering. A team comprising atmospheric scientists, engineers, and data analysts claims to provide accuracy-driven renewable energy project services. ArcVera Renewables’ technical expertise is at the intersection of energy resource and storage and well-suited to support the hybrid project trend in India.
“ArcVera has an impressive track record in providing advantageous insights for wind energy, solar energy, and battery storage projects globally. We are looking forward to bringing our 40 years of experience to India’s renewable energy developers, original equipment manufacturers and investors,” commented C.R. Anbalagan, country manager & director of Business Development of ArcVera Renewables India.
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