Azure Power has obtained a letter of award from Solar Energy Corporation of India (SECI) for its first 150 MW ISTS linked wind–solar hybrid power project, which will deliver power for 25 years at a fixed rate of Rs. 2.35 per kWh.
The project is part of SECI’s 1,200 MW ISTS Hybrid Tranche – IV procurement, and will involve the installation of 100 MW of solar and 50 MW of wind capacity within 18 months of the Power Purchase Agreement being signed.
“Following up on our first wind project victory, we have scored yet another key milestone with our first Solar-wind hybrid project with SECI,” stated Ranjit Gupta, MD and CEO of Azure Power. We’ve made efforts to create major wind sites, and this project, as well as the one we announced before, will be developed as part of that.”
We are sure of maximizing our development potential with the tremendous chances we have in the Indian renewable energy sector as a result of this win, he said.
According to the company’s official press release, the letter of award for a 150 MW ISTS connected wind–solar hybrid power project is currently pending the Final decision of the Hon’ble High Court of Delhi at New Delhi in the writ petition filed by Renew Ushma Energy Pvt Ltd Vs SECI & others in the matter of e-Reverse auction in the tender.
Azure Power had previously won 200 MW of capacity in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) 500 MW wind-solar hybrid auction, bidding Rs.2.62 kWh, and 180 MW in MSEDCL’s 300 MW grid-connected interstate and intrastate wind projects, quoting Rs.3.43 kWh.