Fortum India to add 250MW solar power capacity every year
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Fortum India to add 250MW solar power capacity every year

Apart from solar power, Fortum India will also enter the waste-to-energy sector and launch charging stations for electric vehicles, said MD Sanjay Aggarwal

Fortum India to add 250MW solar power capacity every year
Mumbai: Finnish state-run utility Fortum Oyj’s India unit, which last year drove down solar power tariff to a new low, will set up at least 250 megawatts (MW) of solar capacity in the country every year, managing director Sanjay Aggarwal said.

The local unit of Fortum will also enter the waste-to-energy sector and launch charging stations for electric vehicles to gain a larger hold in India’s renewable energy sector, Aggarwal said.

Exactly a year ago, Fortum said it would invest €200-400 million (Rs1,500-3,000 crore) in India’s solar energy sector to set up some large-scale greenfield projects. The company will have about 200MW of solar energy capacity operational by August. It has a target of achieving 1GW of solar capacity in the next few years.

The company plans to set up its solar projects across utility plants, business-to-business, and rooftop projects, Aggarwal said.

The data is compiled from : http://www.livemint.com/



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