Fortum said the plant now more than doubles its solar production capacity in India from 85 MW to 185 MW, being Fortum’s fourth ” and so far biggest ” solar energy project.
In April 2016, Fortum won a bid in a reverse auction for 100 MW of the total of 500 MW capacity auctioned. The bid included a fixed tariff for 25 years. Fortum’s 100 MW is the first part of the Pavagada solar park that has reached its full capacity and is connected to the grid.
Kari Kautinen of Fortum solar and wind development said: “We are excited to be able to connect our fourth solar plant to grid. We look forward to continue to develop our business and look opportunities to leverage our knowledge and experience obtained in our projects.”
Sanjay Aggarwal, managing director of Fortum India, said the company is targeting a gigawatt-scale solar and wind portfolio as part of securing its longer-term competitiveness. Based on this strategy, Fortum is seeking to allocate its planned growth capital in the range of $235m”$471m in solar projects in India.à‚