Fortum will invest €200m-€400m ($228m-$456m) in Indian solar projects identified from the variety of central government, state-level and public sector opportunities springing up in the country.
The utility said: “Some large-scale greenfield development will be targeted to enable economies of scale. In addition, the company will consider seeking possible partnerships or other forms of co-operation, which would long-term create a more asset-light structure.”
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