To be headquartered in New Delhi, the company will develop renewable energy power sources and promote a corporate Power Purchase Agreement (PPA) business supplying power derived from renewable sources such as solar and wind to client companies in India.
As per a company statement, with a total project cost of approximately 100 billion yen, this marks Sumitomo Corporation's first entry into India's corporate PPA market, with plans for further expansion.
India's corporate PPA market is growing rapidly due to regulatory relaxation, such as open access to transmission and distribution networks for operators, and improvements in the business environment.
Demand for solar power is particularly high among client companies seeking renewable energy due to India's vast land area, abundant sunlight, and low equipment installation costs, which help keep generation prices down.
هذه القصة مأخوذة من طبعة September 16, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 16, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Punjab And Haryana High Court Warns Of Rs50K Cost On Officer If Direction To Initiate Punjab Municipal Polls Is Not Compiled In 10 Days
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