Azure Power, one of India’s leading independent solar power producers, has been awarded a 200 MW solar PV power project through an auction conducted by SECI.
Azure Power will sign a power purchase agreement with SECI to supply power at a tariff of INR 2.48 ($0.04)/kWh for 25 years. The plant will be set up at the Bhadla Solar Park in Rajasthan and is likely to be commissioned in 2019.
The 200 MW allocation is the largest by SECI in this auction, comprising 80% of the total.
In 2015, Azure Power developed a 100 MW PV plant outside a solar park in the state of Rajasthan, which was SECI’s first allocation. At that time, it was also the largest solar power project under India’s National Solar Mission.
Today, Azure Power has a portfolio of over 400 MW with SECI, and over 1,600 MW across India.