Independent solar power producer Azure Power has surpassed 100 MW of operating solar rooftop capacity. This milestone was achieved with the company’s recent rooftop solar project commissioning of various capacities under Delhi Jal Board, Indian Railways and Solar Energy Corporation of India (SECI).
With this, the company’s operational rooftop capacity now has a levelized weighted average tariff of Rs 5.82 (US 8.4 cents) per kWh, 139% higher than the lowest solar power bid in India.
Azure Roof Power has over 200 MW of operating and committed solar assets across 24 states. The company has developed unique business models in the solar rooftop space that cover public private partnership, bilateral power sale and intermediary power sale.
Speaking on this occasion, Inderpreet Wadhwa, founder and chairman, Azure Power said, “With 100 MW operational and an overall rooftop portfolio of over 200 MW, Azure Roof Power is among the leading and largest operating platforms of rooftop solar in India. With the only company to announce the largest financing warehousing facility and industry leading operating and rapid execution platform across 24 states, Azure is poised to deliver high value to its customers and shareholder through Azure Roof Power.”
Azure Power has a pan-India portfolio of over 3 GW. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini and micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility-scale solar PV power plant in 2009 and the implementation of the first MW-scale rooftop project under the smart city initiative in 2013.