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to-the-point: India's Azure Power wins 75-MW solar project in Assam

Azure Power Solar PV Plant (Photo: Business Wire)

June 7 (Renewables Now) - Indian solar power producer Azure Power (NYSE:AZRE) said today it has been awarded a 75-MW solar project in the state of Assam.

The company has won the right to sign a 25-year power purchase agreement (PPA) with Assam Power Distribution Co Ltd (APDCL) at a weighted average tariff of INR 3.37 (USD 0.05/EUR 0.04) per kWh.

Azure Power noted that this would be the largest solar plant in the North Eastern region of India. It will be built outside a solar park, with commissioning scheduled for 2019.

(INR 10 = USD 0.149/EUR 0.126)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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