Azure Power one of India’s leading independent solar power producers, announced it has won a 5 MW rooftop solar power project in a bid conducted by New & Renewable Energy Development Corporation of Andhra Pradesh Ltd.
This is the largest allocation for this auction, 33% of the total. Azure Power will provide power for 25 years to various Government buildings in Andhra Pradesh. Azure Power qualifies for a capital incentive which results in a weighted average levelized tariff of INR 4.57 (~US cents 6.7) per kWh.
Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas emission reduction targets.
With nearly 200 MWs of high quality, operating and committed solar assets across 23 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power has a well-diversified customer base with a majority of the portfolio contracted with Government of India backed entities. Read More
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