Our solutions in India

Fortum's operations in India, launched in 2012, are focused on solar power. We continue to utilise our key competencies to develop, construct and operate solar power plants in India. In addition, in 2017, we agreed with NBCC on developing electric vehicle charging infrastructure across India. We also have some ongoing R&D projects in India.

Bhadla solar park

Solar power in India

Jointly owned solar power plants

In June 2018, Fortum signed an agreement to sell a 54% share of its solar power company operating four solar power plants in India to UK Climate Investments (40%) and Elite Alfred Berg (14%). Elite Alfred Berg has the option to buy up to an additional 16% from Fortum. The total capacity of this portfolio is 185 MW.

Amrit is Fortum's first power plant in India. It was acquired in 2013. With a nominal peak capacity of 5 megawatts (MWac) and annual production at the level of approx. 9 gigawatt-hours, this plant was constructed as part of the Jawaharlal Nehru National Solar Mission.

Kapeli is one of Fortum's first greenfield solar projects, done in 2014-2015. It has an annual yield of 20 GWh/a. The 10 MW solar plant offsets more than 18,000 tonnes of CO2 emissions annually.

Bhadla solar power plant was commissioned in 2017. Its capacity is 70 MWac, and its annual yield is 158 GWh/a.

Pavagada 1 is Fortum’s fourth solar plant with a capacity of 100 MW. It is located in Tumkur district in Karnataka, India and was connected to the grid in December 2017.

In this partnership, Fortum will retain significant minority ownership in the solar power company and continue to provide operation and maintenance services based on a long-term agreement.

Investor news 8 June 2018: Fortum to sell share of 185 MW Indian solar portfolio - aiming at further solar investments

 

Divestment of Pavagada II and Rajasthan solar power plants

In June 2021, Fortum signed an agreement to divest the 250-MW Pavagada II and the 250-MW Rajasthan solar power plants in India to Actis, a global infrastructure investment firm. The divestment will be completed and the capital gain recorded in three tranches; during the second half of 2021 and the first half of 2022. The parties have also signed a comprehensive agreement targeting further investments in solar power plants in India.

Investor news 22 June 2021: Fortum to divest 500 MW of solar power plants in India – agreement with Actis for solar investments

 

Right to build 600 MW new solar capacity in India

In February 2022, Fortum won the right to build two solar power parks with a total capacity of 600 MW in Karnataka, India. The projects are expected to be commissioned by 2024. For the development of solar-based power generation, Fortum utilises partnerships and other forms of cooperation to maintain an asset-light structure. The solar power parks in Karnataka, India are planned to be developed together with a partner.

Online news 4 February 2022: Fortum has won the right to build 600 MW solar capacity in India

Charge & Drive in India

Fortum has also embarked upon a journey to transform mobility in India by providing Energy as a Service (EaaS) to electrical vehicles. Starting with a pilot of 4 charging points in October 2017, presently Fortum is operating 116 DC fast public charging points in 10 cities. While these DC charging points serve to 4-wheelers passenger cars, Fortum has also launched a pilot project of battery swapping for 3-wheelers.

Fortum-solar-india

Responsible solar energy in India

Corporate responsibility was an important factor in selecting the supplier of Fortum’s Kapeli solar power plant. We require our partners to apply the same ethical business practices that we comply with within our own operations.

Read the case story here

Meeting with women at Noore Ki Burj

NGO cooperation in India

Thousands of migrant workers from diverse backgrounds around India were involved in the construction phase of our Pavagada solar plant. Parivartan, a grassroots-level NGO was brought in to help Fortum to draw synergy from the diversity of the workers and to ensure functionality between them.

Read more about the cooperation

Fact sheet: Fortum in India