Norwegian Climate Investment Fund will take up a 49 per cent stake in a 420 MW solar power plant in Rajasthan, as part of the Norway-India global energy transition partnership.
The new Norwegian Climate Investment Fund, managed by Norfund and KLP, Norway’s largest pension company, will take stake in the Thar Surya 1 solar energy project for around Rs 2.80 billion. The 420-MWDC (300-MWAC) solar power plant is being built in Rajasthan by Italian firm Enel Green Power. The project will deliver over 750 GWh per year upon commissioning.