Azure ISTS Solar PV Park is a 4,000MW solar PV power project. It is planned in Rajasthan, India. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2026. Buy the profile here.
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Description
The project is being developed and currently owned by Azure Power Global. The company has a stake of 100%.
Azure ISTS Solar PV Park is a ground-mounted solar project.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2026.
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 $0.034kWh for a period of 25 years. The capacity to be procured is 2,933MW.
For more details on Azure ISTS Solar PV Park, buy the profile here.
About Azure Power Global
Azure Power Global Ltd (Azure) is a renewable energy company that designs, constructs, installs, maintains, and operates solar energy projects. 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 rooftops; and operation and maintenance of solar installations. The company offers clean solar energy to its customers in utilities, commercial and rural areas. It sells power under long-term PPAs with fixed tariff agreements. Azure’s power plants are spread across Indian states including Punjab, Gujarat, Uttar Pradesh, Chhattisgarh, Karnataka, Andhra Pradesh, Telangana, Assam, Maharashtra, Bihar, New Delhi, and Rajasthan. Azure is headquartered in New Delhi, India.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
