Azure Power, one of India’s leading independent solar power producers, announced that it has signed a letter of award (LOA) for a 300 MW Interstate Transmission System (ISTS) grid connected solar PV project won in an auction conducted by NTPC Limited, which has a domestic AAA debt rating and is the Government of India’s largest power utility.
Azure Power will provide power to NTPC at a tariff of INR 2.59 (~US 3.6 cents) per kWh for 25 years. The solar PV project can be located anywhere in India, which will likely be outside a solar park, and is expected to be completed in early 2021.
With this win, 86% of the company’s 2 GW+ contracted pipeline is with counterparties that have A to AAA domestic debt ratings and over 1 GW of the pipeline is with sovereign counterparties.
Canada Pension Plan Investment Board (CPPIB) has expressed its interest to acquire the stakes owned by Goldman Sachs in the Indian renewable energy company, ReNew Power Ltd. Goldman S...
Read moreFotowatio Renewable Ventures (FRV) has announced the opening of two photovoltaic power plants that are part of the 138 MW (direct current) Andhra Pradesh Solar Farm in India. This...
Read moreReNew Power has won the energy tender for the development of a 3 MW floating solar photovoltaic plant located in Visakhapatnam, Andhra Pradesh in India. The project would be among the larges...
Read moreLa Caisse de dépôt et placement du Québec (CDPQ) has announced that it has increased its stake in Azure Power Global Ltd. (Azure Power) to 40% through a US$100 million contribution...
Read moreRewa Ultra Mega Solar Limited (RUMSL), a joint venture of Solar Energy Corporation of India (a premier agency of the Government of India, spearheading the development of solar power in the country) an...
Read more