to-the-point: Azure completes 1st phase of rooftop solar project in India

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December 21 (SeeNews) – Indian solar power producer Azure Power Global Ltd (NYSE:AZRE) said on Tuesday it has completed the first phase of a 14-MW rooftop solar project developed for Delhi Metro Rail Corporation (DMRC).

DMRC will buy the electricity generated by the system over a period of 25 years to power its own operations. The tariff on the project is agreed at INR 5.55 per kWh (USD 0.082/EUR 0.079), with a total subsidy of INR 167.4 million.

The entire project will be finalised in phases. It involves installing solar arrays on several metro stations, workshops and parking lots.