Azure Power announced that it has won 46MWs of solar rooftop projects across eleven states pan India for Indian Railways.
The power purchase agreement (PPA) will be signed with Indian Railways for their respective zones and coach factory for 25 years. The average tariff for the project is INR 4.63 (~USD 7 cents) per kWh with an additional capital incentive of INR 933.5 million (~US$ 14 million) upon commissioning
Out of the 46MWs total allocation, 20MWs has been allocated by Northern Railways division, 10MWs by the Western Railways division, 10MWs by the North-Central Railways division, 3MWs by the North Western Railways division, and 3MWs by the Rail Coach Factory division.
Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, "Azure has superior rooftop solar power solutions for infrastructure, commercial and industrial customers in cities across India to lower their energy costs and meet their greenhouse gas (GHG) emission reduction targets. We are pleased to partner with Indian Railways in reducing their GHG emissions through deployment of solar energy at their facilities across locations pan- India."