Independent power producer Azure Power has commissioned a 150 MW solar power plant at the Bhadla Solar Park in Rajasthan. The capacity will be the first phase of 200 MW allocated to Azure by the Solar Energy Corporation of India (SECI) which will act as offtaker for the power generated at a tariff of Rs2.48/kWh for 25 years.
With the new project included, Azure has 1.6 GW of operational solar assets. The company claims to have the most diversified solar portfolio in India in the nation’s best regions in terms of solar irradiation. The developer says it has projects in 24 states, including a leading solar rooftop portfolio of more than 200 MW of generation capacity, of which 81% were developed with sovereign counterparties.
Other recently commissioned Azure projects include the final phase of a 260 MW solar project in Gujarat and a 100 MW facility in Karnataka.
The 260 MW scheme was secured in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). Azure Power will provide power to GUVNL for 25 years for Rs2.67/kWh, a rate 8.6% higher than India’s record lowest bid in the market.
The 100 MW Karnataka project was secured in an auction conducted by Karnataka Renewable Energy Development Ltd and was developed at the Pavagada Solar Park – one of the largest in the world. The huge park is being developed by the Karnataka Solar Power Development Corporation Limited (KSPCL). Azure Power will supply power to the electricity supply companies of Karnataka for 25 years for Rs2.93/kWh – a 20.1% premium on the current market floor.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.