SUBSCRIBE
PROFILE

Azure Power signs a 2.3 GW PPA in India

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Azure Power signs with SECI (Solar Energy Corporation of India) the largest ever PPA for 2333 MW ofsolar power capacity connected to the ISTS (InterState Transmission System).

Azure Power ramps up large-scale projects in India

This PPA follows the award of another 600 MW project in the same tender, aimed at creating 4 GW of photovoltaic capacity connected to the ISTS.
In addition, the Indian independent power producer announces the award of a letter of award for its second 200 MW wind-solar hybrid project.

Multi-phase development

The projects developed will supply electricity for 25 years at a fixed tariff of INR 2.42/kWh.
They will be built in India’s sunniest state, Rajasthan.
Land acquisition is underway.
Connectivity approval has already been obtained.
The projects will be commissioned in phases: 1 GW by November 2024, 1 GW by November 2025 and 333 MW by November 2026.

A 200 MW wind-solar project

The letter of award obtained by Azure Power also secures the signature of a PPA with the Maharashtra State Electricity Distribution Co.
Limited (MSEDCL).
It concerns a 200 MW hybrid wind/photovoltaic project that will supply electricity for 25 years at a fixed tariff of INR 2.62/kWh.
The project comprises a 133 MW solar component to be located in the state of Rajasthan, and a 67 MW wind component to be installed in Maharashtra.
These capacities will be installed within 18 months of the signature of the PPA.

  • Popular on energynews.pro
Australia awards 4.13 GW of capacity in third CIS tender
Southeast Asia plans $208bn investment to develop nuclear power by 2050
Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China
$5.6bn battery plant to be built in Morocco still reliant on coal power
TotalEnergies confirms imminent investment decision for new LNG train in Texas
QatarEnergy awards Samsung contract for 2,000 MW solar plant in Dukhan
QatarEnergy has signed a contract with Samsung C&T to build a solar power plant in Dukhan, set to reach 2,000 MW capacity by 2029, doubling the country’s solar output.
Billion Watts launches 2026 solar-storage project in Australia with six more planned
Billion Watts begins construction on its first solar-plus-storage project in Australia, scheduled for 2026, relying on an international consortium and a strategy focused on the volatility of the national electricity market.
Longroad Energy secures financing for its 400 MW solar project in Texas
Longroad Energy has closed financing and started construction of the 1000 Mile Solar project in Texas, with a capacity of 400 MWdc, supported by Meta and an international banking consortium.
Sunrun raises $510mn through new securitization, surpassing $1.5bn in quarterly debt
Sunrun completed its fifth securitization deal of 2025, bringing non-recourse debt raised in the third quarter to over $1.5bn.
Odyssey receives $7.5 million from BII to fund solar mini-grids in Nigeria
Odyssey Energy Solutions secures $7.5 million from British International Investment to support access to solar equipment under Nigeria’s DARES programme.
Cameroon boosts solar capacity with additional 28.6 MWp in Maroua and Guider
The Cameroonian government launches the extension of two solar plants in the Far North, increasing their combined capacity to 64.4 MWp, with support from international investors.
Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables
Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.
UNITe wins two photovoltaic projects in Puy-de-Dôme
Independent power producer UNITe has been selected to develop two solar power plants on municipal land in Avèze and Malauzat, following a call for tenders by the French Energy Regulatory Commission.
First half of 2025 dominated by solar despite Washington policy pushback
Solar and storage accounted for 82% of new U.S. power capacity in early 2025, despite federal measures slowing their expansion.
Statkraft France secures new 15.5 MWc solar contract in Marne
Statkraft France won a 15.5 MWc solar project in Mourmelon-le-Grand during the latest national tender round, bringing its total awarded capacity to nearly 70 MWc in less than a year.
Hungary and Poland accelerate solar and battery growth in Central Europe
Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
Cordelio Power commissions 150 MW solar plant in Missouri
Canadian energy producer Cordelio Power has completed commissioning of its Winfield solar project, a 150 MW facility backed by a 15-year contract with Microsoft and a $313mn structured financing deal.
Anza secures over 2 GW of solar modules in 2025 amid new tax constraints
Platform Anza surpassed its 2024 volume in just eight months, responding to developers’ urgency to secure projects ahead of regulatory and fiscal changes expected in 2026.
AGCO signs 10-year deal with BRUC for solar supply in Europe
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Innergex secures 85 MW in France with six agrivoltaic solar projects
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canadian Solar launches low-carbon modules reaching 285 kg COâ‚‚eq/kW
Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
Elmya and Atlantica partner to develop 4 GW of energy projects in the United States
Elmya Energy and Atlantica Sustainable Infrastructure have created a joint venture targeting 4 GW of renewable energy projects in the United States, focused on the ERCOT and WECC markets.
Louth Callan completes deployment of 28 MW solar park in Maine
Louth Callan has completed the Mousam River solar project in Sanford, marking a key milestone in the deployment of utility-scale energy infrastructure across the United States.
Georgia Power receives approval for 1,068 MW of new solar projects in Georgia
The state regulator has approved five new solar power purchase agreements to support growing demand under the CARES programme, targeting industrial and commercial clients.
Ecoener commissions Guatemala’s largest solar plant with 74.7 MWp
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.

Log in to read this article

You'll also have access to a selection of our best content.