Azure Power to set up rooftop solar power project in Gujarat

Azure Power, an independent power producer in the solar energy sector, has announced plans to develop India’s first megawatt (MW) scale rooftop project in the Gujarat capital. The company would set up a 2.5 MW plant at an investment of Rs 25 crore.

To be set up under the Gandhinagar Photovoltaic Rooftop Program (GPRP), this would be the first project of its kind in India wherein the energy from an aggregated rooftop portfolio would be sold to one off-taker. The project will also be attractive for rooftop owners through a revenue sharing arrangement for 25 years. Power companies having PPAs with the State Government will off-take solar power at Rs 11 per unit and pay Rs 3 per unit to rooftop owners who install solar equipment.