Azure Power announced that it has secured a letter of award (LOA) for its first wind project, a 120 MW ISTS project with Solar Energy Corporation of India (SECI) for 25 years at a rate of INR 2.70 (US 3.6 cents) per kWh.
The project is a component of SECI’s 1,200 MW ISTS Tranche – XI tender and will be built in Karnataka within 18 months of the Power Purchase Agreement’s signature (PPA).
SECI requested Request for Selection (RfS) Documents from wind energy developers for the establishment of 1200 MW ISTS-connected wind energy projects in India through tariff-based competitive bidding in May 2021. (Tranche-XI).
The tender had a strong response, with the following businesses emerging as winners: Adani Green (450 MW), ReNew Power (300 MW), Sembcorp through its subsidiary Green Wind Infra Energy (180 MW), Evergreen Power via Anupavan Renewables (150 MW), and Azure Power (120 MW).
Azure Power is India’s largest independent renewable energy generator. The company had established India’s first private utility-scale solar project in 2009 and has been a pioneer in the area as a developer, builder, and operator of utility-scale renewable energy projects since its founding in 2008.
Azure Power controls the whole development and operation process, delivering low-cost renewable energy solutions to consumers throughout India.
This is a PR Newswire Feed; edited by Clean-Future Team