Scatec ASA aims hydropower assets in India

30 Apr 2022 CW Team

Scatec ASA, a Norwegian renewable energy company, is aiming to set up greenfield projects in the hydropower sector of India with opportunities for acquiring distressed assets.

The company based in Oslo entered the hydropower sector in 2021 last year by the acquisition of another Norwegian company- SN Power.

The company will look at opportunities in the verticals of renewable energy, which includes solar and wind, said Roar Haugland, Executive VP for sustainable business and HSSE at Scatec.

Scatec entered the Indian market in the last year via an equal partnership in Acme Solar Holdings Limited’s solar project of 900 MW in Rajasthan.

Haughland said that they have PV cells for solar, they have wind, they have hybrid solutions, they have battery energy storage systems and now they will have hydro as well. They are looking at hydro opportunities in the country.

On plans for the Indian hydroelectric sector, he said that they are looking for greenfield opportunities. They are further interested to look at other types of assets that they could jump to decrease the development phase. Distressed assets or other types of assets can also be of interest.

In January last year, Scatec announced the completion of the 100% purchase of shares in SN Power from Norfund for $1.16 billion. The deal helped Scatec bring hydropower plants to various countries including Zambia, Uganda, the Philippines, Panama, and Laos under its portfolio.

Image Source

Also read: Kwar hydropower project receives grant of Rs 4,526 crore

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..