Statkraft, Europe’s largest generator of renewable energy and Bharat Light and Power (BLP), have agreed to end the partnership. BLP has agreed to sell its stake in the joint venture Statkraft BLP Solar Solutions Private Limited (SBSS) to Statkraft.

SBSS provides distributed solar solutions to the commercial & industrial segment in India.

 Tejpreet S. Chopra, Managing Director, BLP said, “The transaction is in line with BLP’s strategy of optimizing value across its business lines.  BLP and Statkraft have created a leading venture which has successfully commissioned projects across India, and developed a strong brand in the distributed solar space. We wish to thank Statkraft for a fantastic partnership, and wish Statkraft the very best in their future endeavours.”

 ”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. We would like to use the opportunity to thank TP Chopra and BLP for the cooperation.” says Statkraft’s CEO Christian Rynning-Tønnesen.

Marthe Hoff, Senior Vice President International Markets, is enthusiastic about the future:

“The talented and motivated employees of SBSS are committed to realize Statkraft’s ambition to be the preferred supplier of renewable, innovative and cost efficient energy solutions for Commercial and Industrial companies across India. Statkraft will scale up its effort and combine local expertise with the international experience the company has accumulated from more than 120 years of operation.”


Dentons acted as legal counsel to DTEK Renewables B.V. on the implementation of a project for the construction of a solar power plant with an established capacity of 200 MW in Nikopol district.

After its construction, the Nikopol SES will be the most powerful solar power station in Ukraine and will become one of the largest in Europe. The project cost is estimated at EUR230 million.

Read more: Dentons advises DTEK Renewables B.V. on the...

After signing the Power Purchase Agreement between Irbid District Electricity Company and Philadelphia Solar for the 11 MWp expansion of Al Badiya Power Generation, we would like to announce the financial close for this project with the project financier the Capital Bank, this project is considered the largest power storage plant in the Middle East and the region, the expected commercial date for the expansion is expected to be in Q4 2018.

Read more: Philadelphia Solar Financial Close for 11 MWp Al...

Storage of renewable energy for on-demand distribution of cost competitive and clean electricity is key for fossil-free power generation. Swedish solar technology company, Cleanergy and Masen have an ongoing collaboration to address this challenge. The Masen-Cleanergy collaboration is now intensifying through new joint development agreement.

Read more: Masen and Cleanergy step up their joint quest...


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