Azure Power, the developer and owner of India’s first privately operated, utility scale, solar power plant today announced its partnership with SunEdison, North America’s largest solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR). Azure will jointly develop and construct a 15 Megawatt (MW) photovoltaic solar power plant in Gujarat, with SunEdison. As part of the arrangement, SunEdison will supply monitoring technologies at cost to Azure for projects up to 25 MW.
Speaking about the agreement Mr. Inderpreet Wadhwa, CEO, Azure Power said, “We are excited to work with SunEdison for our Indian projects. With this collaboration the Azure solar power plant in Gujarat would become a live case study for world class design, engineering, project management, operations and maintenance. From SunEdison we will derive the benefit of technology expertise and international execution experience of large scale solar PV projects.”
SunEdison is an internationally reputed PV Project developer with proven experience in developing large scale solar power projects in many countries. SunEdison was the first company to introduce the Solar Power Purchasing Agreement and currently manages more than 350 utility scale and commercial solar photovoltaic power plants globally. They are currently executing a 70+ MW project in Italy, which is the largest PV project in the world.
“India is an ideal market for solar power production and we are committed to aiding the country’s economic development by providing consumers clean, renewable energy solutions,” said Pashupathy Gopalan, CEO of SunEdison India. “The Gujarat project is the latest example of SunEdison’s focus on enabling the growth of global solar markets through strong capabilities in project financing, engineering, low-cost procurement and operations, and maintenance services. We are very happy to be partnering with Azure Power, a pioneer in this segment in India and we look forward to associating with other developers in the future for additional India-based solar power projects.”
Power generation will begin in the Gujarat plant by Jan 2011 with final completion expected by Nov 2011. In the first full year of operation, the system will generate energy of up to 24 million units, while eliminating 16,800 tonnes of CO2 annually. Once operational, this is expected to be the largest Solar photovoltaic power plant in India.
SunEdison is North America’s largest solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR). The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. In 2008, SunEdison delivered more kilowatt hours (kWh) of energy than any other solar services provider in North America.
For further information and inquiries contact vbansal[.]memc.com.
About Azure Power
Azure Power (azurepower.com) is an independent solar power producer and the first private sector company to implement a megawatt scale grid connected solar photo-voltaic power plant in India. Azure Power's team has decades of experience building industry-leading companies, executing complex infrastructure projects, and financing high-growth enterprises. Azure Power creates innovative solutions to deliver solar energy to its utility, government, and commercial customers. By providing solar energy as a service, Azure Power manages entire project process for their customers, by reducing the upfront and ongoing operational costs and management.
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