India’s Azure Power wins re-tendered 40MW in Uttar Pradesh auction

Facebook
Twitter
LinkedIn
Reddit
Email
The 40MW had to be retendered by Solar Energy Corporation of India (SECI) following a lack of developer interest in a much larger Uttar Pradesh tender earlier this year. Flickr: Huneycuttaddison

India-based renewables firm Azure Power has won 40MW of solar PV capacity in the state of Uttar Pradesh.

The 40MW had to be retendered by Solar Energy Corporation of India (SECI) following a lack of developer interest in a much larger Uttar Pradesh tender earlier this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Azure’s bid in involved a fixed tariff INR4.43/kWh (US$0.066) with viability Gap Funding (VGF) of INR9.995 million/MW.

Adani, the only rival competitor, lost out with a VGF of INR10 million.

Jasmeet Khurana, associate director, consulting, Bridge to India, told PV Tech: “The cost of project development in Uttar Pradesh is expected to be relatively higher and so is the risk perception.

“The VGF threshold of INR10 million/MW is barely sufficient to make projects viable. Therefore, there had been little to no interest and the bids had to be re-invited. Even then, the room for developers to offer cuts in VGF requirement was very limited.”

Khurana also said that the selection of park land was a “key concern”.

Despite overall lower irradiation in Uttar Pradesh compared to many Indian states, there are regions in the state that do have access to strong irradiation should a developer choose to set up their projects there.

Adani and Azure both won 50MW capacity in the state in a January auction, followed by RattanIndia Power and SolaireDirect winning capacity in March.

Read Next

October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.
October 2, 2025
The Indian solar industry has 86GW and 182GW of solar cell and module manufacturing capacity, respectively, expected to be commissioned by 2027.
October 2, 2025
The Indian Department of Commerce has launched an antidumping investigation on solar encapsulants originating or exported from South Korea, Vietnam and Thailand.
September 29, 2025
Indian solar manufacturer Waaree has said it does not expect to pay additional duties on its solar cell imports to the US, following the start of an antidumping and countervailing duty (AD/CVD) investigation by the US Customs and Border Patrol (CBP).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland