Finnish utility Fortum Oyj is planning to build a 200 MW solar photovoltaic project after it has been awarded in a 500 MW solar auction by Gujarat Urja Vikas Nigam Limited (GUVNL).
Fortum will enter into a 25-year power purchase agreement (PPA) with GUVNL under a fixed tariff of INR2.29 (US$0.038) per kWh. The project is expected to be operational by 2024.
Country updates
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March 17, 2022
Operation starts for 300 MW Interstate Transmission System (ISTS) connected solar power project in Rajasthan
Azure Power has announced the full commissioning of its 300 MW Interstate Transmission System (ISTS) connected solar power project, Rajasthan 8, allocated by Solar Energy Corporation of India (SECI)....
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March 15, 2022
Ayana Renewable commissions 192 MWp Solar Project in India
Ayana Renewable Power and Maxeon Solar Technologies, Ltd. have announced the completion and commercial operation of the 192 MW Bikaner 1 Solar farm in Rajasthan, India.
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March 14, 2022
Sterlite Power reaches financial in its Nangalbibra-Bongaigaon Transmission Project
Mumbai-headquartered Sterlite Power Transmission has achieved financial close on its inter-state transmission system project in Northeastern India with an INR4.4 billion (US$57.32 billion) debt financ...
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March 03, 2022
IFC to support two solar PPPs in India
International Finance Corporation (IFC) will extend its support in the development of two solar parks located in the Indian states of Uttar Pradesh and Madhya Pradesh. IFC will help attract private in...
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March 01, 2022
Azure Power completes refinancing of 600 MW solar project in Rajasthan
Indian independent power producer (IPP), Azure Power Global Ltd, has completed the refinancing of its 600 MW solar photovoltaic project in Rajasthan for a total of INR23.5 billion (US$311 million).&nb...
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