India-based Azure Power has commissioned a 150MW solar plant in Bhadla park in Rajasthan.
The commissioned solar plant forms the first phase of 200MW allocated to Azure Power. It was allocated by a Government of India enterprise Solar Energy Corporation of India (SECI).
Azure Power founder, chairman and CEO Inderpreet Wadhwa said: “Azure Power has a strong portfolio in Rajasthan with entities like National Thermal Power Corporation Limited (NTPC) and SECI with debt ratings of AAA and AA+ by ICRA respectively.
“In 2015, Azure Power developed the first-ever SECI solarpower plant in the state of Rajasthan, which was also the largest solarpower project under India’s National Solar Mission at the time of its commissioning. 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 Honourable Prime Minister’s commitment towards clean and green energy through solarpower generation.”
Azure Power will supply power to SECI at a tariff of Rs2.48 ($0.035) per kWh for a period of 25 years.
With the commissioning of the plant at Bhadla solar park in Rajasthan, Azure Power has roughly 1,600MW of operational solar assets, and making it one of the companies in India with a highest rated large-scale solar operating portfolio.
Azure Power also holds a diversified solar portfolio in the country in highest radiation zones, spread across 24 states, as well as a leading solar rooftop portfolio of more than 200MW.
In 2017, Azure Power commissioned a 150MW solar project in the Indian state of Punjab.