Azure Power Wins its First 120 MW ISTS Wind Project with SECI
2 November 2021
Azure Power announced that it has received the letter of award (LOA) for its first wind project, 120 MW ISTS project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of INR 2.70 (~US 3.6 cents) per kWh. The project is part of the 1,200 MW ISTS Tranche – XI tender from SECI and shall be constructed in Karnataka, within a period of 18 months from the signing of Power Purchase Agreement (PPA).
Speaking on this occasion, Ranjit Gupta, MD and CEO, Azure Power, said, "This is a significant milestone in Azure's journey as the leading renewable energy player in India. We have secured our first step in diversifying our presence in the renewable spectrum in India and it positions us well to add to our addressable market while we build scale in this segment on the back of strong management experience and Azure's long history of execution."
Related
-
ACWA Power signed MoUs to export renewable energy and green hydrogen to Europe
22 July 2025
-
PIF subsidiary prepares Eastern Province project tender
21 July 2025
-
Envision Energy, FERA to develop 1 GW of wind, 1.5 GWh of storage in Australia
20 July 2025
-
Spain launches call for access to 3.68 GW of grid capacity
19 July 2025
-
Eiffage awarded design-build contract for new Frontex headquarters in Warsaw, Poland
19 July 2025
-
STRABAG awarded contract to renovate metro station in Prague
18 July 2025