A previous Azure Power project in Rajasthan. Source: Azure Power.
Indian independent solar power producer Azure Power has secured finance for a 200MW PV project it won in a January auction.
The company secured the capacity at the Bhadla Solar Park at a power price of US$0.04/kWh for 25 years in a Solar Energy Corporation of India (SECI) auction.
It has secured INR6 billion (US$82 million) in funding for the site which is expected to be commissioned in 2019.
“We are pleased to announce the closing of financing for our 200MW plant in Bhadla,” said Inderpreet Wadhwa, founder, chairman and CEO, Azure Power. “This financing is a testament to our strong financing, project development, engineering and execution capabilities. We are delighted to make this contribution towards realisation of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
Jun 15 - Jun 16, 2021
The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.
Mar 10 - Mar 12, 2021
Penang, Malaysia (also available virtually)
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.