Azure Power Commissions 150 MW Solar Plant in Rajasthan

Azure Power, one of India’s leading solar power producers has commissioned a 150 MW solar power plant in Bhadla solar park in Rajasthan.

The plant is a part or the first phase of 200 MW capacity that was allocated to the company by the Solar Energy Corporation of India (SECI). As per the  Power Purchase agreement that was signed between the two firms during the ward of the contract, Azure Power will supply power to SECI at a tariff of INR 2.48 per kWh over 25 years.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “With this commissioning, we have one of the highest rated and diverse solar portfolios in India. This is a direct result of our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realisation of our Hon’ble Prime Minister’s commitment towards clean and green energy through solar power generation.”

With this project commissioned, Azure Power now has around 1600 MW of high-quality operational solar assets. This makes Azure Power’s portfolio the highest rated large-scale solar operating portfolio in India with its projects spread across 24 states. The firm also has a leading solar rooftop portfolio of over 200 MW, out of which nearly 81% of the projects are with sovereign counterparts.

Earlier this month we reported that the Maharashtra Electricity Regulatory Commission (MERC) recently heard two petitions made by Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change in Law and had asked it for approval and determination of compensation for the increase in project cost following the imposition.

In March, the company announced that it had surpassed 100 MW of operating solar rooftop capacity, making the operating portfolio of Azure Roof Power, one of the largest in the country. The milestone was achieved with the company’s recent rooftop project commissioning of various capacities under Delhi Jal Board, Indian Railways and Solar Energy Corporation of India (SECI).

With this, the company’s operational rooftop capacity now has a levelised weighted average tariff of Rs 5.82 per kWh, 139% higher than the lowest solar power bid in India.