Hareon Solar and Azure Power announced this week that they are both investing in a 118MW PV project in India.
Both companies have already signed off on a 25-year power-purchase agreement with Indian power producer National Thermal Power Corporation (NTPC).
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Hareon Solar announced that it expects to invest around US$11.1 million in the new project — with the company also acquiring a 45% stake in the installation.
This is not Haeon Solar’s first foray into the Indian solar market, as the company signed sales contracts with India’s ReNew Mega Solar for up to CNY170 million and CNY500 million, respectively, last year.
