New Delhi-headquartered solar energy firm, Azure Power Global Ltd has announced the commissioning of a 40 MW solar power plant in the state of Uttar Pradesh (UP).
The produced electricity will be sold to Solar Energy Corporation of India (SECI) – who had auctioned this project, for the next 25 years at a levelized tariff of INR 4.92 ($0.077)/kWh, which is inclusive of Viability Gap Funding (VGF).
The plant is spread across an area of approximately 225 acres. It has been set up under the government’s National Solar Mission Phase-II Batch-III Tranche III.
Th company claims that it is one the largest solar developers in UP and had built the first utility-scale solar project in the state in 2015.
In the first week of April, Azure power had won a 200 MW solar PV project to be developed outside a solar park in Gujarat, in an auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).