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November 12, 2021

Azure ISTS Solar PV Park, India

By Carmen

Azure ISTS Solar PV Park is a 2,000MW solar PV power project. It is planned in India. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 2,000 2,000 Permitting India Azure Power

Description

The project is being developed and currently owned by Azure Power.

Azure ISTS Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $1,396m.

Development Status

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Post completion of the construction, the project is expected to get commissioned in 2022.

Power Purchase Agreement

The power generated from the project will be sold to Solar Energy Corporation of India under a power purchase agreement. The power will be sold at the rate of $0.041kWh for a period of 25 years. The capacity to be procured is 2,000MW.

About Azure Power

Azure Power India Private Limited is a provider of solar energy solutions for commercial, government and utility customers. The company offers site and energy requirements analysis; solar system design, financing, and purchase services; solar plant design, construction, and installation services; system monitoring, maintenance, and services; and solar energy initiatives promotions. It owns and operates solar power systems and solar power plants.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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