Fortum Finnsurya Energy, a subsidiary of a Finland-based utility, announced it has connected the 10 MW solar PV plant in Madhya Pradesh to the grid.
It is the first project connected to the grid under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase II initiative and the first greenfield solar project undertaken by Fortum.
The solar plant Fortum’s second investment in solar energy production in India.
The 10MW solar power plant spreads over about 70 acres in Kapeli, Dist. Ujjain. It is expected to be formally inaugurated in early 2015.
Fortum has adopted a thin-film CdTe technology with more than 1,25,000 modules mounted on fixed tilt structures and 15 central invertors, which allows for better control of carbon footprint, water use and energy payback time.
“We entered the Indian market to take part in developing clean and green power solutions, which India needs to pursue its economic growth. Our solar plant in Kapeli is another step in that direction,” said Sanjay Aggarwal, managing director, Fortum India.
Aggarwal added Fortum is the first amongst all developers to connect the project to the grid, under JNNSM Phase II.
With the 10 MW solar PV plant in Madhya Pradesh, Fortum has increased its solar portfolio to15 MW and aims to further expand its operations in this area to compete with leading providers in Indian solar market, Aggarwal added.
Fortum continues to identify suitable sites to carry forward its mission in India, he added.
“Each investment decision needs to be carefully evaluated and its investment rationale has to be based on ground realities and potential return on investment,” Aggarwal said.