fortum

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Fixed Charge Waiver for Power Connections to Boost EV Charging Infra: Interview

While direct and indirect tax incentives have propelled the growth of electric vehicles in India, the government can augment electricity infrastructure to ensure the...

May 24, 2023

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Sumit Jha

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Electric Vehicles

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Market & Policy
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Ayana and Fortum Win 600 MW in SECI’s 1.2 GW Solar Auction for Gadag Substation

Project Eight Renewable Power Private Limited (Ayana Renewable Power) and SolarOne Energy Private Limited (Fortum) were declared winners in the Solar Energy Corporation...

February 4, 2022

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Ayana and Fortum Winners in SECI’s 1.2 GW Solar Auction

Project Eight Renewable Power (Ayana Renewable Power) and SolarOne Energy (Fortum) were declared winners in the Solar Energy Corporation of India’s (SECI) auction for 1,...

February 2, 2022

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Harsh Shukla

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Solar

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Tenders & Auctions
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Fortum to Sell 500 MW of Solar Projects in India to Actis

Fortum has signed an agreement to sell the 250 MW Pavagada II and the 250 MW Rajasthan solar projects in India to Actis, a global infrastructure investment firm. The...

June 22, 2021

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Rahul Nair

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Finance and M&A

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Solar
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Ecoppia to Provide Cleaning Solutions for Fortum’s Solar Projects at Pavagada and Bhadla

Ecoppia, a company providing automation and robotics for large-scale solar projects, has been chosen by Fortum to deploy its field-proven cleaning solutions across its...

November 19, 2019

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Rakesh Ranjan

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Solar

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Utility Scale
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After Two Scrapped Auctions, Gujarat’s 700 MW Solar Tender Undersubscribed by 100 MW

The tender floated by Gujarat Urja Vikas Nigam Limited (GUVNL) for 700 MW of solar photovoltaic (PV) projects under Phase III of Raghanesda Solar Park has been...

May 1, 2019

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Saumy Prateek

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Solar

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Tenders & Auctions
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Lowest Quoted Tariff Dips to ₹2.48/kWh in SECI’s 750 MW Solar Auction for Rajasthan

Four solar project developers – Fortum Solar (250 MW), ACME Solar (250 MW), Sitara Solar (100 MW), and Palimarwar Solar (40 MW), have quoted the lowest tariff of...

March 1, 2019

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Nitin Kabeer

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Solar

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Tenders & Auctions
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Fortum and Tata Power Win 500 MW of Solar Projects in Pavagada at a Tariff of ₹2.85/kWh

Karnataka Renewable Energy Development Ltd (KREDL), the nodal agency for implementing renewable policies in Karnataka, has awarded 250 MW of solar projects each to...

July 3, 2018

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Nitin Kabeer

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Solar

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Tenders & Auctions
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Fortum Wins 110 MW of Solar and 823 MW of Wind Projects in Russian CSA Auction

Fortum Corporation, a Finnish energy company, has won a Russian Capacity Supply Agreement (CSA) auction to develop 110 MW of solar capacity. The solar power project is...

June 18, 2018

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Nitin Kabeer

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Solar

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Tenders & Auctions
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Fortum to Sell 54 Percent Share of its Indian Solar Portfolio

Fortum, a Finnish energy company, has signed an agreement to sell a 54 percent stake in its solar power company in India to UK Climate Investments and Elite Alfred Berg....

June 11, 2018

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Saumy Prateek

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Finance and M&A

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Solar
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In-Depth Report: Development Status of 2 GW Pavagada Solar Park and Projects

Mercom recently visited the Pavagada Solar Park, and gained valuable insight into the nuances and challenges of park development. When complete, Pavagada will be the...

November 30, 2017

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Priya Sanjay

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Markets & Policy

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Solar
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Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is...

November 2, 2017

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Priya Sanjay

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Markets & Policy

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Solar

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Uncategorized
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NTPC Seeks Pan India License to Set Up EV Charging Stations

  The National Thermal Power Corporation (NTPC) is seeking a pan India license to construct and set up electric vehicle (EV) charging stations across India. As of...

October 31, 2017

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Saumy Prateek

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Electric Vehicles

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Energy Storage
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Fortum Confirms Part of its Indian Solar Assets are Up for Sale

Fortum, a clean energy company from Finland, confirmed that it has appointed Barclays to serve as its banking partner and facilitate the sale of a stake in its...

October 26, 2017

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Saumy Prateek

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Finance and M&A

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Solar
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Fortum and NBCC to Develop EV Charging Infrastructure Across India

Fortum, a renewable energy project developer, has signed a memorandum of understanding (MoU) with NBCC, a Government of India Navratna Enterprise, to develop electric...

October 6, 2017

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Wendy Prabhu

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Electric Vehicles

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Energy Storage

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