Web Exclusive | June 2013
Fortum enters India with 5 mw solar PV plant acquisition
In India's Rajasthan state, Fortum has acquired a solar power plant. Fortum’s immediate ambition is to build a small photo-voltaic (PV) solar portfolio to gain experiences in different solar technologies and operating in the Indian power market, said Fortum India's Managing Director Matti Kaarnakari. Solar power fits well with Fortum’s other CO2-free production and the company believes it will play an important role in tomorrow’s low carbon energy system, he added.
He said that solar power is a strong growth segment that will account for an increasing part of power generation in the future. Fast technological development is boosting competitiveness and on best markets, wholesale parity can be expected already within a few years’ time. The power plant’s nominal peak capacity is 5.4 megawatts and its annual production is approximately 9 gigawatt-hours.
The power plant was constructed as part of the Jawaharlal Nehru National Solar Mission (JNNSM), the Indian government’s initiative for 22 gigawatts of installed solar power generation capacity by 2022, and it has been fully operational for one year.