India: Finnish clean energy company, Fortum has commissioned a 70-MW solar plant at Bhadla solar park in Rajasthan, India. According to a press release available in the company’s website, the solar plant is its third and, so far, the biggest commissioned solar energy project.
The press release said that the company had won a reverse auction for the project in January 2016 and the building of the solar plant was conducted on schedule. The power plant, the press release revealed, will operate based on a Power Purchase Agreement (PPA), with a fixed tariff for 25 years, which has been made with India’s power utility, the National Thermal Power Corporation Limited (NTPC).
The company said that it currently has an 85-MW solar capacity in India, with three solar power plants in the states of Rajasthan and Madhya Pradhesh. It also mentioned that it is currently building a 100-MW solar power plant in Karnataka, which will also get a fixed tariff for 25 years and is expected to be commissioned during the first half of 2017.
Fortum said that it seeks to allocate its planned growth capital in the range of EUR 200–400 million in solar projects in India as part of its long-term plans.