Connect with us

Hi, what are you looking for?


Clean Power

India’s Azure Power Wins 150 MW In State Solar Power Auction

One of the leading solar power project developers in India, Azure Power, has secured rights to develop large-scale projects in one of the state-level auctions.

Azure Power secured a third of the 500 MW capacity offered by the Punjab Energy Development Agency (PEDA) in the third auction under the state solar power policy. The company announced that it secured rights to develop 150 MW solar PV power capacity under a bid of Rs 5.63/kWh (US¢8.66/kWh).

A total of 18 companies placed bids with cumulative capacity of 1,650 MW. The lowest bid was placed at Rs 5.09/kWh (US7.83/kWh). The state agency has not announced the complete list of winner of the auction.

Bids in the latest auction were in-line with the last auction that took place in September this year. The state agency had offered 500 MW in that auction as well with prospective developers submitting bids between Rs 5.09/kWh (US¢7.83/kWh) and Rs 5.98/kWh (US¢9.20/kWh). The lowest bid in the phase 3 auction is at a premium to the lowest-ever tariff of Rs 4.63/kWh (US¢7.12/kWh). SunEdison had secured 500 MW capacity at this tariff recently.

One of the possible reasons for the slow decline in the tariff bids in Punjab could be that it is largest an agricultural state where land prices are sharply higher than states with large areas of wasteland.

With this latest win Azure Power has now secured a total of 225 MW capacity under the Punjab solar power policy. The company claims to be the largest developer in Punjab with a share of 14% in the allocated capacity.

Azure Power is among the leading solar power project developers in India and has been participating in auctions since the launch of the National Solar Mission. The company recently commissioned a 100 MW solar PV project that it had secured under the central government auction.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

An avid follower of latest developments in the Indian renewable energy sector.


You May Also Like


After a very slow start, the Indian battery-electric car market is starting to get exciting. BYD is expanding its presence in the country, shifting...


India’s electric 2-wheeler market has been booming over the last few years. However, the electric car sector has been pretty slow. India’s electric car...

Clean Power

Indian hydropower company SJVN has announced start of construction of a large solar power park in the northern state of Rajasthan.  On January 3rd,...

Clean Power

One of India’s largest private renewable power project developers — ReNew Power — may be looking to sell over 1 gigawatt of solar and...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.