December 21, 2025 11:24 pm (IST)
Follow us:
Bharat Light & Power and Norway's Statkraft partner to create platform for distributed solar energy
Oslo/New Delhi, Nov 5 (IBNS): Bharat Light & Power, a leading renewable energy company in India and Statkraft, the state-owned Norwegian power company and a renewable energy producer in Europe, on Thursday announced the formation of a new 50-50 joint venture to provide distributed solar energy solutions in India.
The joint venture called Statkraft BLP Solar Solutions Private Limited (“SBSS”) will provide industrial and commercial consumers with both rooftop and ground mounted solutions with world class technology and execution.
In addition, SBSS shall provide a variety of financing structures, whereby consumers can convert their solar CAPEX into an attractive per unit cost of solar energy, enabling consumers to reduce their carbon footprint and lower energy costs.
“This partnership brings together two entities committed to support the government’s renewable energy objectives,” said BLP CEO Tejpreet S. Chopra. “By providing distributed solar energy solutions on a per kWh basis, storage and micro grid solutions, we intend to transform the way power is generated and consumed in India. This will go a long way in supporting the government’s mission of 24/7 power for all by 2019."
Statkraft’s CEO, Christian Rynning-Tønnesen said: “Exploring new business opportunities within distributed solar energy are of great importance to Statkraft. The combination of our core competence in energy management and Bharat Light & Power’s local knowledge and expertise, constitutes a solid platform for value creating services to industrial and commercial customers in India."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Reject Macaulayan education, reclaim Indian values: H M Bangur’s big World Hindu Economic Forum pitch
Sat, Dec 20 2025
Big Global Push! Bank of Baroda Backs $500 Million Foreign Currency Loan for OVL’s Overseas Arm
Sat, Dec 20 2025
Big move in luxury retail! Helios Luxe introduces legendary Auguste Reymond to India
Sat, Dec 20 2025
Tata AIA launches multicap opportunities fund
Fri, Dec 19 2025
IPO fireworks! ICICI Prudential AMC pops 20% on market debut
Fri, Dec 19 2025
Bharti Airtel announces top leadership changes; Gopal Vittal to become Executive Vice Chairman
Thu, Dec 18 2025
TCS bets big on AI, shares spike as company reveals ambitious plan
Thu, Dec 18 2025
Meesho’s wild ride: Hits record market cap, then suddenly slides
Thu, Dec 18 2025