Azure Power switches on 130 MW of solar in Karnataka
Solar panels in India. Author: Kiran Jonnalagadda. License: Creative Commons
Indian firm Azure Power Global Ltd (NYSE:AZRE) said on Tuesday it has commissioned a 130-MW solar park in Karnataka state, western India.
The installation in Chitradurga district consists of three units -- a 50-MW plant and two facilities with a capacity of 40 MW each. The generated power will be sold under a 25-year contract to Chamundeshwari Electricity Supply Co Ltd, Hubli Electricity Supply Co Ltd and Gulbarga Electricity Supply Co Ltd at a tariff of INR 6.51 (USD 0.10/EUR 0.09) per kWh.
Solar power producer Azure Power says it is now the largest operator of photovoltaic (PV) parks in Karnataka with a total solar portfolio of 150 MW in the state.
According to a recent report by the EnergyTrend division of Taiwanese market research firm TrendForce, India is expected to overtake Japan as the third largest regional market and install at least 10 GW of solar capacity in 2017. This represents a 14% share of the global marketplace.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.