Connect with us

Hi, what are you looking for?

CleanTechnica
Finland-based Fortum Corporation recently announced that it commissioned its largest solar power project. The project, located in the Indian state of Rajasthan, is also among the cheapest solar power projects in the country.

Clean Power

Fortum Corporation Commissions Its Largest Solar Project, Which Is Also One Of The Cheapest In India

Finland-based Fortum Corporation recently announced that it commissioned its largest solar power project. The project, located in the Indian state of Rajasthan, is also among the cheapest solar power projects in the country.

Originally published on CleanTechies.

Finland-based Fortum Corporation recently announced that it commissioned its largest solar power project. The project, located in the Indian state of Rajasthan, is also among the cheapest solar power projects in the country.

In a recently issued press release, Fortum declared that it commissioned a 70-megawatt solar PV project under India’s National Solar Mission. The project is located in the western state of Rajasthan — one of the leaders in solar power development in the country. The project is part of the Badhla solar power park owned by NTPC Limited, the largest power generation company in India.

Fortum secured this project through a competitive auction held in January 2016. The tariff of Rs 4.34/kWh (6.7¢/kWh) quoted by the company was the lowest in India at the that time and only 8% higher than the global record low bid at that time.

With the operationalization of this project, Fortum now owns 85 megawatts of solar power capacity in India. The company is also working on a 100-megawatt project in the southern state of Karnataka which is expected to be commissioned in the first half of this year. Power generated from this project will be sold at Rs 4.79/kWh (7.4¢/kWh) for a period of 25 years.

Last year, the company also announced plans to invest €400 million in India’s solar power market to develop more projects.

Reprinted with permission.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Sign up for our free daily newsletter to never miss a story.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New CleanTechnica Podcasts

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

EV Press Releases

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Autonomous Vehicles

Welcome to China × Cleantech — January 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. Happy 牛 Year! I...

Clean Transport

E-commerce giant Amazon and its Walmart-backed Indian rival Flipkart have both announced partnerships with electric vehicle manufacturers for last-mile delivery of products. Amazon, in...

Clean Power

Solar power has replaced wind power to become the largest renewable energy technology in India. According to data reported by the Ministry of New...

Clean Power

One of India’s leading solar power generation companies — Acme Solar Holdings — has announced plans to enter the green hydrogen business. According to...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.