Status: Under Construction
Azure Power and SunEdison are to build a 15MW solar plant in Gujarat, India. The investment, for which Azure will fund US$40 million, is being led by Overseas Private Investment Corp. (OPIC), an agency of the US Government, while World Bank arm IFC, and venture capital firms Helion Advisors and Foundation Capital are among others expected to get involved. Azure Power has signed a 25-year power purchase agreement (PPA) with Gujarat for the project, which is expected to be commissioned by the middle of next year.
Site Size: undisclosed
Cost: US$400 million
Construction Timetable: - June 2011