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The majority of the power producer’s portfolio is contracted with government of India backed entities
State-run Indian Railways has placed an order with Azure Power for an additional 20 MWs of solar rooftop projects.
Azure Roof Power will be used to provide power for 25 years to various Indian Railway facilities across 17 states and union territories.
The new allocation of 20 MWs makes the Indian solar independent power producer the largest supplier of solar power to Indian Railways with a cumulative awarded capacity of over 66 MWs which includes the 46 MWs of capacity won earlier this year.
“We are pleased to expand our Azure Roof Power platform with Indian Railways,” said Inderpreet Wadhwa, founder, chairman and chief executive officer, Azure Power.
“With this win, we have once again demonstrated our strong project development capabilities and are delighted to make this contribution towards realisation of our honourable prime minister’s commitment towards clean and green energy, through solar power generation.”
The power will be sold at a tariff range of Indian Rupee (INR) 3.64-4.49 based on location. In addition, Azure Power qualifies for a capital incentive from Indian Railways which is expected to result in a weighted average levelised tariff of INR 4.88 per kWh.
Azure Roof Power offers rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India. With more than 150MWs of operating and committed solar assets across 20 states, Azure Roof Power claims to have one of the largest rooftop portfolios in the country.
The majority of the power producer’s portfolio is contracted with government of India backed entities.
Azure Power solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008.
Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
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