Statkraft opens largest Indian project to date, plots future development in key market

• Norwegian energy titan Statkraft has actually opened its initial large-scale solar plant in India as it targets long-term growth in the South Asia nation.

The 76MW/120GWh Nellai solar project lies in the southerly state of Tamil Nadu and will produce adequate electricity to power greater than 500,000 Indian homes, Statkraft claimed in a media declaration.

It has actually been established under the 'Indian Group Captive-model' where Statkraft's customers have a minimum share of 26% of the plant and also get the electricity created via long-lasting power purchase agreements (PPA).

Belectric's Indian division was in charge of the building of the site and also will likewise deliver the operation & maintenance (O&M) services for the very first 3 years.

Oslo-headquartered Statkraft said it had ambitions to ramp up its renewables operations in India via "focusing on the development of greenfield solar projects at utility scale".

"Nellai is the first project in understanding this business purpose as well as sustains our method to reinforce our commercial existence in the solar section as well as expand our customer-oriented business," claimed Statkraft exec vice president of international power, Jürgen Tzschoppe.

Statkraft's portfolio in India currently stands at 215MW as well as it is proactively seeking green hydrogen chances in the nation via a collaboration with Aker Horizons.

In October last year, Statkraft released a report that advised for better action on decarbonisation to fulfill environment targets, placed renewables at the centre of any type of technique as well as positioned huge value on the duty of green hydrogen in the power shift.