The developer secured the grid-connected solar capacity in a 700 MW auction by state utility Gujarat Urja Vikas Nigam Limited which had a tariff ceiling of INR2.92/kWh ($0.04). The Dholera Solar Park, in Gujarat, is set to eventually have a 5 GW footprint.
The project capacity was awarded by state utility Gujarat Urja Vikas Nigam Limited, which will buy the solar power generated under a 25-year power purchase agreement.
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