Azure Power plans to commission its new parks by the third quarter of 2024.
Azure Power to install new wind farms in Rajasthan.
The photovoltaic parks will supply energy for 25 years.
Their fixed price is guaranteed at 2.54 rupees – or $0.034/kWh.
The facilities will be built in Rajasthan, a particularly sunny Indian state.
Commissioning of the projects is scheduled for the third quarter of 2024.
Ranjit Gupta, Managing Director of Azure Power, is delighted with the agreements signed with Solar Energy Corporation of India (SECI).
The company is moving ahead with its strategy to develop a 4 GW portfolio in India.
The company is thus establishing itself as one of the pioneers of Indian photovoltaics.
In addition, Ranjit Gupta announces that further projects of this type are in the pipeline.