Azure Power bags additional 2GW for solar project in India

The entire 4GW project will be fully operational by 2025.

Azure Power has received the letter of award (LOA) for a 2GW interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) pursuant to the exercise of a greenshoe option as part of an earlier 2GW win with SECI. Azure Power will supply power for 25 years at a tariff of $3.9c/kWh (INR2.92/kWh).

The combined capacity for the project is 4GW, which can be developed anywhere in India. The 4GW project will be developed in annual phases of 1 GW, with the first one expected by 2022 and the entire project fully operational by 2025.

In December 2019, the Solar Energy Corporation of India (SECI) selected Azure Power to develop 2 GW of solar power projects across India between 2022 and 2025. The PV projects will be deployed in 500 MW batches every year in locations yet to be defined and will be connected to the interstate transmission system (ISTS).

This article was originally published by Enerdata.

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