May 10, 2026 11:18 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
AI takes over? Cloudflare cuts 1,100 jobs as AI surges
Fri, May 08 2026
Profit jumps 30%! Aditya Birla Capital posts strong Q4 FY26 results
Fri, May 08 2026
Claim Settlement Ratio Explained: How It Affects Your Policy
Thu, May 07 2026
Amidst rising input costs, manufacturing growth remains positive: FICCI Manufacturing Survey
Wed, May 06 2026
Nissan Motor India launches nationwide AC Check-up Camp to help customers stay summer-ready
Wed, May 06 2026
India’s chip dream accelerates! Cabinet approves new Rs.3,936 cr semiconductor push
Wed, May 06 2026