Azure Power, a solar power producer in India, has secured a 200MW solar project in the state of Gujarat.
Following this win, the company currently has a total portfolio of around 470MWs with Gujarat Urja Vikas Nigam Limited (GUVNL).
Azure Power will now sign a 25 year power purchase agreement (PPA) with GUVNL, at a tariff of Rs3.06 ($ 0.05) per kWh.
The project will be developed outside a solar park. It is expected to be commissioned in 2019.
Azure Power has been developing and operating solar power plants under the Gujarat Solar Policy 2009.
The state has high level of solar radiation besides stable electric grid network. Azure Power developed and is operating India’s first MW-scale distributed solar rooftop project in Gandhinagar, the capital city of the state.
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By GlobalDataAzure Power founder, chairman and CEO Inderpreet Wadhwa said: “Winning this project is a historic milestone for us. We embarked on our mission to be a leading solar company with a 10 MW project with GUVNL and as we celebrate our 10-year anniversary, this 200 MW solar project win with GUVNL takes our portfolio capacity to over 470 MWs, making us the largest solar power supplier to the state.”
The firm has developed, constructed and operated solar projects of various sizes, from utility scale, rooftop to mini & micro grids. It constructed private utility scale solar PV power plant in 2009 besides implementing a megawatt scale rooftop project under the smart city initiative four years later.