Azure Power to develop Indian utility-scale solar projects under new partnership with Suntech

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The solar power plants will be owned, developed, and financed by Azure Power and will feature thousands of 280W polycrystalline solar panels. The first project is already under construction and additional solar power plants will be developed in early 2011.

The facilities will supply thousands of local residents with reliable electricity for decades, says Suntech, especially during peak demand hours, providing a sustainable alternative to carbon-based energy production. According to the World Health Organization, air pollution is responsible for more than 500,000 premature deaths in India each year, with emissions from fossil fuels – such as sulfur dioxide – cited as the primary cause.

"With remarkable solar resources and robust economic growth, India has enormous potential for the development of a strong solar industry," said James Hu, Suntech’s president for Asia Pacific, Middle East and Africa. "We are excited about our partnership with Azure Power and working together to power sustainable economic growth in India for decades to come."

Announcing the partnership, Mr. Inderpreet Wadhwa, CEO of Azure Power commented: "Azure Power is excited to be working with Suntech, a world leader in solar photovoltaics modules. We believe that Suntech has superior crystalline silicon solar modules available in the market today and the know-how required for setting up large, utility-scale solar projects. Azure Power will continue to work with global leaders to deliver on our ambitious plans to reach grid parity with solar energy generation."

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