Azure Power Wins 300 MW in 1.2 GW ISTS SECI Solar Auction


Azure Power Wins 300 MW in 1.2 GW ISTS SECI Solar Auction

With this win, Azure has 1.2 GW of Inter State Transmission System sovereign credit off-take projects in pipeline Azure has confirmed Letter of Awards and interconnection approvals in place for over 1.2 GW projects.

Tariff is 5.7% higher than the lowest bid in the market, offtake with AA+ domestic debt rated sovereign entity Azure Power, a leading solar power producer in India, announced it has received a letter of award (LOA) for a 300 MW solar power project through an auction conducted by Solar Energy Corporation of India (SECI), a Government of India enterprise and a company with an AA+ domestic debt rating by ICRA, a Moody’s Company. Read More

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