With this addition of 20MW, Azure Power now stands as the largest supplier of PV power to Indian Railways. Image: Azure Power
IPP Azure Power announced that it has won an additional 20MW of rooftop PV projects for Indian Railway, the largest rail network in Asia.
With this addition of 20MW, Azure Power now stands as the largest supplier of PV power to Indian Railways, with a total awarded capacity of 66MW, including 46MW of capacity won back in March 2017.
The company's rooftop arm Azure Roof Power will provide power for 25 years to a number of Indian Railway facilities across 17 states and union territories. The power will be sold at a tariff range of US$0.06-0.07/kWh based on location.
Inderpreet Wadhwa, founder, chairman and CEO of Azure Power, said: “Azure Roof Power offers tremendous value to our customers across various segments. We are pleased to expand our Azure Roof Power platform with Indian Railways. With this win, we have once again demonstrated our strong project development capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.