SECI, Azure Power signed PPA under 4 GW manufacturing linked projects

This Power Purchase agreement (PPAs) with MNRE, CPSU includes the capacity of 2,333 MW of ISTSconneted solar power projects under 4 GW manufacturing linked projects.

SECI, Azure Power signed PPA under 4 GW manufacturing linked projects
Representational Image/Solar power project/Image by Azure Power

New Delhi: An independent power producer Azure Power Global Limited on Saturday, December 18 announced the agreement with Government Enterprises, Solar Energy Corporation of India Limited (SECI) for the solar power project.

This Power Purchase agreement (PPAs) with MNRE, CPSU includes the capacity of 2,333 MW of ISTSconneted solar power projects under 4 GW manufacturing linked projects.

However, the operator of utility and commercial-scale solar PV power plants, Azure also mentioned that during last month under the same tender they signed the 600 MW PPA. 

Commenting on this Ranjit Gupta, MD, and CEO, Azure Power said, "We are pleased with our progress on the 4 GW projects with SECI. This is the largest capacity PPA ever for Azure Power in its decade-long journey in the renewable energy sector and provides us with an incredible opportunity to support India's resolve on climate change and being a destination of choice for global investments," according to PRNewswire.

 "We are confident that these PPAs and the hybrid projects are a significant step forward in creating a long runway for growth and value accretion for our stakeholders, which we will continue to strengthen with our prudent choice of projects and capital deployment," added Gupta.