He is eyeing the enormous possibilities for Norwegian green business in India as Vestre visits over 40 businesses with an aim to increase its footprints in India.
The Norfund's goal is to support the company's ambition to grow its portfolio to 3GW over the next five years by adding 100MW of new biomass and 400MW of new solar capacity annually in addition to its existing portfolio of 600 MW.
In partnership with ReNew Power, one of the largest renewable energy independent power producers (IPPs) in India and globally, Norfund and KLP will invest around Rs 900 million for 49 per cent ownership stake in ReNew's transmission project in Koppal, Karnataka.
New Delhi [India], August 22 (ANI): In a move to bolster participation against climate change, Norway on Monday announced a large solar power investment in India with an agreement to take a 49 per cent stake in a solar power plant in Rajasthan developed by Italian Enel.