The firm’s rooftop systems arm, Azure Roof Power, won the contract in an auction by the Solar Energy Corporation of India (SECI), which is owned by the Ministry of New and Renewable Energy (MNRE).
The award represented 14 per cent of SECI’s total capacity allocation of 360 MW and Azure Roof Power said it was the largest rooftop allocation by SECI to a solar developer.
Under the contract, rooftop PV systems will be installed on government buildings across 10 states and territories.
The contract term is 25 years at a tariff of between $0.05 and $0.06/kWh based on the location of the installation. à‚
Azure Roof Power currently operates over 150 MW in solar systems across 19 states. It lists its customer base as including “large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways, Delhi water utility company and various Government of India Ministries”.