India-based renewable energy developer Azure Power has commissioned a 40MW solar PV project in the state of Uttar Pradesh.
The plant is spread across an area of approximately 91 hectares and was built under the government’s National Solar Mission Phase II Batch III Tranche III, having been awarded in an auction by Solar Energy Corporation of India (SECI).
Azure Power will supply power to SECI for the next 25 years at a levelized tariff of INR4.92/kWh (~US$7.7 cents), which is inclusive of Viability Gap Funding (VGF).
Inderpreet Wadhwa, founder, chairman and chief executive, Azure Power said: “With the commissioning of this plant, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to SECI and the state of Uttar Pradesh for all the cooperation and support extended.”