Azure Power completes 600-MW solar project in Rajasthan

Indian solar power producer Azure Power Global Ltd (NYSE:AZRE) on Monday said it has fully commissioned its largest project, a 600-MW solar park in the northwestern Indian state of Rajasthan.

The commissioning means the developer now owns and operates India’s largest solar power project at a single location, according to the news release.

The final 100 MW of the project were brought online this month, completing its phased commissioning and bringing Azure Power’s operating solar capacity across India to 2,510 MW.

The solar park is located in Bikaner and is connected to the Interstate Transmission System (ISTS). It will supply its power to Solar Energy Corporation of India (SECI) at a tariff of INR 2.53 (USD 0.034/EUR 0.030) per kWh over 25 years.

In December, Azure Power signed power purchase agreements (PPAs) with SECI for 2,333 MW of solar farm schemes at INR 2.42 per kWh under a tender for 4 GW of projects linked with manufacturing capacity. This followed the signing of PPAs with SECI in November for 600 MW at INR 2.54 per kWh.

(INR 1 = USD 0.013/EUR 0.012)

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