The new 50-50 venture – Statkraft BLP Solar Solutions Private Limited (SBSS) – will focus on rooftop and ground-mounted systems for industrial and commercial power users, a statement said.

SBBS will also “provide a variety of financing structures, whereby consumers can convert their solar CAPEX into an attractive per unit cost of solar energy”.

BLP CEO Tejpreet Chopra said: "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."

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