星期六, 12 7 月, 2025
Home PV News Azure Power receives LoA for 2,000 Mw solar power project

Azure Power receives LoA for 2,000 Mw solar power project

The combined capacity for the project is 4 Gigawatt (Gw) which can be developed anywhere in India and is expected to be commissioned in staggered annual phases of 1 GW

Source:ETEnergyWorld

New Delhi: Solar power producer Azure Power today announced it has received the letter of award (LOA) for a 2,000 Megawatt (Mw) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) following the exercise of a greenshoe option as part of an earlier 2,000 Mw win with SECI.
“Under this greenshoe LOA, Azure will supply power for 25 years at a tariff of Rs 2.92 (US 3.9 cents) per kWh. The project also comes with a 500 MW cell and module manufacturing capacity requirement and Azure Power intends to partner with a domestic manufacturer for this requirement,” the company said in a statement.
The combined capacity for the project is 4 Gigawatt (Gw) which can be developed anywhere in India and is expected to be commissioned in staggered annual phases of 1 GW with the first commissioning expected by 2022 and full commissioning by 2025. The power purchase agreement (PPA) allows for the waiver of ISTS transmission charges and improved protections from curtailment.
“With this award, we will have a large pipeline of over 4 GW for an extended period of time which will help us drive efficiencies in our project execution and operations,” Ranjit Gupta, Chief Executive Officer, Azure Power said.
He added that partnering with domestic manufacturers of solar PV modules in India as part of the project will help propel India’s solar cell and module manufacturing sector into becoming a global leader.
Azure Power has a pan-India portfolio of over 7 Gw solar power projects.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...