SAMHI and STATKRAFT-BLP SOLAR SOLUTIONS Enter Partnership to Distribute Solar Solutions

Hotel development and investment firm, SAMHI Hotels has partnered with Statkraft BLP Solar Solutions (SBSS), a 50:50 JV between Bharat Light & Power Group and Statkraft as a step towards sustainable energy generation at three of their properties in India. The 120-year-old, USD 11 billion strong Norwegian utility Statkraft has joined forces with leading Indian renewable company BLP, to contribute towards India’s ambitious plan of 100GW of solar installation. Statkraft has the technical and commercial expertise by not only owning more than 18GW of renewable power but also operating an 8 GW virtual power plant which optimizes the very small to large renewable power generators.

BLP has already completed two rooftop Photovoltaic solar installations at Hyatt Place Gurgaon and Formule1 Pimpri Pune that will save 1150 tons and 625 tons of carbon emissions over their lifetime respectively. In addition, SAMHI has signed a 1.5MW Power Purchase Agreement (PPA) for 25 years with SBSS which will be supplied from SBSS’ upcoming 4MW project in Karnataka, for its newly launched Courtyard and Fairfield by Marriott Bangalore, and is expected to save an additional 42,750 tons of CO_2.

Acknowledging the growing importance of energy efficiency in the hospitality industry, which has been considered an energy guzzler, this pioneering effort focuses in widening the scope of sustainability efforts.

“SAMHI has always advocated a progressive, avant-garde approach to hospitality industry and as a responsible corporation our initiative with Statkraft BLP Solar Solutions is a deliberate effort to use renewable energy. With the installation of cutting-edge solar technology and PPA with SBSS, we use alternative energy sources to both optimize operating costs and run more environmentally sustainable operations,” said Vinay Gupta, Vice President, SAMHI.

“A mix of in-campus rooftop projects and off-campus ground mounted projects developed by us along with trading solutions from Statkraft Markets enables companies transform their energy buying as it provides more than 70 per cent of their requirement from clean energy and also saves money as all this comes cheaper than the Discom price. A credible counterparty like SBSS helps our clients focus on their core business while we take care of their energy needs,” said Pratyush Thakur, Chief Operating Officer, SBSS.

The Company, which has 16 operating hotels across India and another 9 to open in next 12-15 months, is looking to replace a significant part of its energy needs, from renewable sources making its contribution towards India’s National Solar Mission for 2022 of reaching 100GW. However, current central and state legislations for open access renewable energy leave limited opportunities for most of SAMHI hotels due to minimum connection capacity of 1MW for open access approval. SAMHI and several companies like it, look forward to state and Central government bodies to bring this threshold down to 500 KW or lower for more active participation.

The PPA for its Bangalore hotels is facilitated by policies of Karnataka government which has been at the forefront of this initiative by improving predictability by removing Cross Subsidy Surcharge, Open Access charge and transmission and wheeling charges and losses for next 10 years. The Company hopes to see more in this direction from other states in which it operates.

Photo: The Hyatt Place Gurgaon where BLP has already completed installation of rooftop Photovoltaic solar cells resulting in substantial energy savings.