For three years, Norway’s Statkraft and India’s Bharat Light and Power (BLP) have run a joint venture for distributed solar power solutions. Statkraft, Europe’s largest generator of renewable energy, entered the partnership with BLP in 2015, to learn more about the solar sector from the Indian solar power giant. After a successful cooperation, Statkraft has decided to acquire BLP’s 50 % share in the partnership.
The cooperation between the two companies has been successful, resulting in several projects across India since 2015. Statkraft BLP Solar Solutions (SBSS) has provided solar solutions to many industrial and commercial companies in India. Its first solar power plant was set up in Karnataka, which supplies solar power to three private clients since 2017. Other projects has been commissioned in Gurgaon, Pune, Karnataka and Rajasthan.
With the experience gained from the last three years, Statkraft will continue to work within the solar power sector in India. ”The cooperation between Statkraft and Bharat Light and Power has been a success. In 2015 we agreed to jointly explore various business models for solar development in India. Now, as these ambitions have successfully been accomplished, we have agreed to independently pursue our respective business ideas within the solar sector in India,” said Statkraft’s CEO Christian Rynning-Tønnesen in the company’s announcement.