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Fortum’s 10MW solar plant will offset the equivalent of more than 18,000 tonnes of CO2 emissions annually.
Fortum’s 10MW solar plant will offset the equivalent of more than 18,000 tonnes of CO2 emissions annually.

Fortum’s Award-Winning Solar Plant Paves the Way for New Opportunities in India

Industrial PRIME | September 25, 2015

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Fortum’s Award-Winning Solar Plant Paves the Way for New Opportunities in India

Industrial PRIME | September 25, 2015

In early September, Asian Power Awards honoured Fortum’s Indian-based subsidiary Fortum FinnSurya Energy Pvt Ltd. with the prestigious Solar Project of the Year award. The prize was given in recognition of its 10MW solar PV plant located in the Indian state of Madhya Pradesh.

 

The plant was the first to be commissioned under the Jawaharlal Nehru National Solar Mission (NSM) Phase II initiative and developed under the VGF scheme of Solar Energy Corporation of India.

“The award is a great accomplishment for our solar business development and project team in India,” says Ola Hökstrand, Head of Solar, Fortum. “In addition, the award serves as proof that Fortum has the capability to execute large-scale solar power projects with first-class performance.”

For its award-winning plant, Fortum adopted a thin-film CdTe technology with PV modules mounted on fixed tilt structures, as well as 15 central invertors, allowing for the better control of carbon footprint, water use, and energy payback time.

The solar plant, commissioned four months ahead of deadline on 31 December last year, is Fortum’s second investment in the Indian solar sector. In 2013, the company acquired a 5MW solar power plant in the state of Rajasthan.

 

 

 

“India is undoubtedly one of today’s most interesting markets for solar power development.”

 

 

 

The Land of Solar Opportunity

The new 10MW plant is Fortum’s largest solar project to date. It is also the first solar plant in India that the company was involved in from start to finish.

Are there perhaps more such projects on the horizon?

“We are continuously looking for opportunities to participate in further solar projects in India,” says Hökstrand. “Hopefully, this recognition will help pave the way for future opportunities.”

“In addition to the public sector, there are plenty of opportunities on the private sector. A great number of companies are actively seeking to build more solar capacity.”

The target of NSM, India’s ambitious federal government programme, is to achieve 100 gigawatts of installed solar PV capacity in the country by 2022.

Apart from the national level projects, there are numerous things happening on individual state level as well. And when the private sector is added into the mix, India is undoubtedly one of today’s most interesting markets for solar power development.

“India’s economy is growing fast, and there is a huge demand for new power capacity,” Hökstrand points out. “In addition, India is ideal for solar power thanks to its favourable geographical location. All these things considered, it hardly comes as a surprise that the country is receiving a great deal of attention from the solar industry. Needless to say, Fortum also continues to value any new opportunities that India can offer.”

 

Text by Industrial PRIME – Image courtesy of Fortum

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Tampere FINLAND

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e-mail: contact(at)industrialprime.com

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