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Fortum to invest up to 400 million euros in India's solar projects

Fortum India Pvt. Ltd.

7164   Planning 3000 Crore

Project Information

Organization Name
Fortum India Pvt. Ltd.
Project Title
Fortum to invest up to 400 million euros in India's solar projects
Project Detail
Finnish utility firm Fortum on Tuesday said it will invest 200-400 million euros (around Rs 1,500-3,000 crore) in solar power projects in India. "India offers one of the best solar resources and a sound government support for the development of solar sector. The country provides a good platform for Fortum to further develop its business in solar also elsewhere," the company said in a statement. The government plans to jack up solar power generation capacity to 100 gigawatts (Gw) by 2022, up from 5.25 Gw currently. India gets more than 300 days of sunshine a year across the seventh-largest land area in the world. Fortum has 15 megawatts (Mw) of solar capacity in India. In January this year, it won a reverse auction for a 70 Mw project with a fixed tariff for 25 years.
Project Value
3000 Crore
Project Status
Planning
Location
Multi Location
Project State
Multi State
Country
India
Sector
Energy

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