15 solar power projects to be set up by Hindustan Power in Japan. It will require an investment of $100 million for development said the New Delhi-based power producer, Hindustan Power. It is with a capacity of 150 MW. The company, from the current 450 MW to 2,000 Mw, aims to increase its footprint in international markets by 2022.
Ratul Puri, Chairman, Hindustan Power said that they are one of the early Indian players to focus on developing solar projects in the overseas markets. They have invested close to Rs 3,000 crore and the target of 2 Gigawatt (GW) that would entail an investment of Rs 10,000 crore.
With four units of 25 MW capacity each at Trishal, the company is also set to enter Bangladesh’ market, the company said in a statement.
Over 800 megawatt peak (MWp) of solar power projects have been executed by Hindustan Power has executed which includes at Lauta, Germany. It is a 25 MW plant, in Gujarat a 30 MW solar plant, in Sardinia a greenhouse rooftop plant, Italy among others.
According to Lalit Jain, CEO, International Solar, Hindustan Power, they have submitted the proposal to develop the four units. It will be of 25 MW projects to Bangladesh government and the required land agreement has been signed.
He said that they will take these projects to construction in the next couple of quarters.
A 6,000 MW commissioned is part of Hindustan Power’s portfolio as well as under-construction projects. These which include 500 MW installed solar capacity and 1,200 installed thermal capacity amounting to an asset size of $2 billion.