Fortum starts 70-MW solar power project

Fortum has announced commissioning of a 70-megawatt solar plant at Bhadla solar park in Rajasthan.

The solar plant is the Finnish firm’s third and so far biggest commissioned solar energy project.

In a statement, Fortum said it won a reverse auction for the project in January 2016 and the building of the solar plant was conducted on schedule.

“The power plant will operate based on a power purchase agreement (PPA) with a fixed tariff for 25 years. The PPA has been made with NTPCBSE 1.55 %, India’s largest power utility,” it said.

Fortum currently has an 85-MW solar capacity in India, with three solar power plants in Rajasthan and Madhya Pradesh.

Image Credit : img.etimg.com

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India, Britain to earmark 240 million pound for green power

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India and the United Kingdom have come forward to set up a 240 million pound fund to finance clean energy projects in India. It is learnt that the Green Growth Equity Fund will be a sub-fund of NIIF. Union Finance Minister Arun Jaitley said, “We have established the NIIF. Our […]
India, Britain to earmark 240 million pound for green power

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