With the commissioning of 150 MW in Bhadla Solar Park, Azure Power now has 1.6 GW of operational solar power capacity in India. (Photo Credit: Azure Power)
- India’s Azure Power has commissioned 150 MW of solar power capacity in Bhadla Solar Park in Rajasthan
- It will now generate clean solar power to be procured by SECI for a tariff of INR 2.48 ($0.036) per kWh
- Project capacity is part of 200 MW Azure Power won during 750 MW solar auction conducted by SECI in December 2017
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Indian solar power producer Azure Power has commenced commercial operations of its 150 MW solar power plant in Rajasthan’s Bhadla Solar Park. Power generated by the project will be procured by the Solar Energy Corporation of India (SECI) for a tariff of INR 2.48 ($0.036) per kWh for 25 years.
This 150 MW is part of 200 MW Azure won in December 2017 under a 750 MW Bhadla Solar Park Phase III (300 MW) and Phase IV (250 MW) auction conducted by SECI. While Hero Future Energies won 300 MW, SoftBank, Azure secured 200 MW each, and ReNew Power laid hands on 50 MW. Both Azure and SoftBank quoted same winning tariff (see SECI Awards 750 MW PV Capacity At Bhadla).
In October 2018, Azure closed financing worth INR 6 billion ($88 million) for the 200 MW capacity in Bhadla (see $88 Million For Azure’s 200 MW Bhadla Plant). With the 150 MW commissioned, Azure has 1.6 GW of operational solar capacity in India spread across 24 states, which also includes a solar rooftop portfolio of more than 200 MW.
According to Mercom India Research, ReNew Power too has energized its 50 MW capacity here in Bhadla. Both ReNew and Azure won the projects under the 250 MW part of the auction, which means Azure has to commission 50 MW more.
Hero Future Energies is likely to be supported by the International Finance Corporation with $43.3 million debt financing to realize the 250 MW Bhadla solar project in Rajasthan (see IFC Planning To Support 250 MW Bhadla Solar Project).