Friday, January 02, 2015: Finland’s largest power utility, Fortum Oyj has connected a 10MW solar-photovoltaic plant to the electricity grid in India. The plant is situated in Ujjain district of Madhya Pradesh and it’s spread over 70 acres plot. This plant will begin its operations early this year, as per a company statement.
Back in June 2013, Fortum acquired a 5MW solar power plant in the state of Rajasthan. The company will invest in building a solar portfolio in India, as the company told at that time. The company, Fortum Finnsurya Energy, has already finished their 10MW solar power project in MP and this solar power plant was the last one in the year of 2014 to get connected to the Indian electricity grid.
This project was awarded under the Jawaharlal Nehru National Solar Mission’s Phase II Batch I round of bidding. The company asked for a viability gap funding of Rs 81.99 million for the plant as it wanted to sell electricity to the public sector Solar Energy Corporation of India (SECI). The plant has been installed on a 70 acre piece of land at Kapeli in Ujjain district. This project has been made of 125,000 thin-film modules based on cadmium-telluride technology.
This is the second time Fortum is investing in the Indian solar sector. Last time the company was looking after a 5MW solar project in Rajasthan from Amrit Energy. After Fortum took over the Rajasthan plant, the company officials said that Fortum is open to investing 200 to 250 million Euros in the Indian solar sector.