Azure Power’s Portfolio Surpasses 3 GW

This milestone was achieved with the company’s recent win of a 300 MW solar power project in the largest solar auction conducted by Solar Energy Corporation of India (SECI).

Azure Power announced that its portfolio has surpassed 3 GWs, reinforcing the company’s position as a leading independent solar power producer in India. This milestone was achieved with the company’s recent win of a 300 MW solar power project in the largest solar auction conducted by Solar Energy Corporation of India (SECI). The 300 MWs are an Inter-State Transmission System (ISTS) grid-connected solar PV project. Azure Power will sign a 25-year power purchase agreement with SECI to supply power at a tariff of Rs 2.64 (~US 3.9 cents) per kWh which was 8 per cent above the lowest bid in the auction. The project can be developed outside a solar park anywhere in India and is expected to be commissioned by 2020. Commenting on the occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We started with the vision of providing affordable solar power for generations and the mission to be the lowest cost power producer in the world. Through our collective efforts and support from our stakeholders, we have achieved this important milestone of crossing a 3 GW portfolio with large-scale, mini or microgrid and rooftop projects across the country. This achievement is a testament to our strong project development, engineering, and execution capabilities.”

 

 

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