Azure Power wins 200 MW solar power project in Gujarat

---

---

Azure Power announced that it has won a 200 MW solar project in Gujarat. The company, which is the largest solar power supplier to the state, now enjoys a total portfolio of 470 MWs capacity.

Azure Power will sign a 25 year Power Purchase Agreement (PPA) with GUVNL, at a tariff of INR 3.06 (US$ 0.05) per kWh, which is 25% higher than the lowest tariff of INR 2.44 (US$ 0.04) in the Indian solar market. The project is expected to be commissioned in 2019.

Azure Power has been developing and operating solar power plants under the Gujarat Solar Policy 2009. The company developed and currently is operating India’s first MW-scale distributed solar rooftop project in Gandhinagar. In 2013, World Bank recognized this project as one of the Top 10 public-private partnerships in the Asia Pacific region.  

“This achievement is a testament to our efficiency and reliability as a trusted solar power producer. We continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation,” Azure Power chairman and CEO, Inderpreet Wadhwa said in a statement.