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January 4, 2022

Azure Power PEDA III Solar PV Park -1, India

By Carmen

Azure Power PEDA III Solar PV Park -1 is a 50MW solar PV power project. It is located in Punjab, India. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2016.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Punjab, India Azure Power Global

Description

The project is developed and owned by Azure Power Global.

Azure Power PEDA III Solar PV Park -1 is a ground-mounted solar project.

The project cost is $55.931m.

Development Status

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The project got commissioned in December 2016.

Power Purchase Agreement

The power generated from the project is sold to Punjab State Power under a power purchase agreement. The power is sold at the rate of $0.085kWh for a period of 25 years.

About Azure Power Global

Azure Power Global Ltd (Azure) is a renewable energy company that offers solar products. The company designs, installs, produces, finances, owns and operates solar power plants. Its services include engineering, operational performance monitoring, and others. Azure provides off grid solar installations for villages, hamlets and remote areas; solar installations for commercial and residential complexes on roof tops; and operation and maintenance of solar installations. The company produces solar power and offers clean solar energy to its customers in utilities, commercial and rural areas. It operates projects in Punjab, Gujarat and Rajasthan. Azure is headquartered in New Delhi, India.

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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