Azure Power, an NYSE-listed company, announced the successful commissioning of its largest project. This 600 MW solar project is connected to the Interstate Transmission System (ISTS) and funded by the Solar Energy Corporation of India (SECI). The project will be located in Bikaner, Rajasthan, and the power generated will be sold to SECI at a rate of INR 2.53 (US 3.5$) per kWh for 25 years. This is India’s largest solar power facility, owned and controlled by a single developer at a single location. The project was awarded to Azure Power in July 2018, indicating the length of time it took to commission it. It was part of SECI’s 2000 MW auction.
Azure Power has completed the project in stages, with the final 100 MWs being completed this month. Azure Power has 2510 MWs of high-performing operational solar assets dispersed around the country as a result of this.
“What a fantastic way to begin the new year. Since the start of Covid–19 in India, we’ve had to deal with several issues, including lockdowns and safety concerns. Despite the hurdles, we have managed to deliver high-performing assets and are tremendously proud of completing yet another milestone in our drive towards a more robust and sustainable future,” says Ranjit Gupta, MD, and CEO of Azure Power.
Resource: Economic Times
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