The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
The tariffs are slightly above Rs2.48/kWh seen in March procurement but still fairly below the levels hit in Maharashtra and Gujarat auctions recently—reaffirming the state’s attractiveness to PV developers.
Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp project capacity to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of FY 2019-20.
The independent power producer now has 1.6 GW of operational solar assets. Other recently commissioned Azure projects include the final phase of a 260 MW solar project in Gujarat and a 100 MW facility in Karnataka.
GE Renewable Energy will implement, in the state of Rajasthan, an advanced grid management project that will provide real-time data monitoring to better understand current and future energy usage and enable transmission of renewable energy based on demand.
The organization responsible for coordinating India’s push for 100 GW of new solar capacity by 2022 has had a busy week. But, as last year illustrated, tenders alone are not always a guarantee of new generation assets.
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