The increasing energy demand in developing countries has jeopardised energy security, necessitating the employment of solar energy to augment conventional energy sources. It is important to assess the annual performance parameters of solar power plants to understand its place in energy generation. This study analyses the performance and economic viability of a large-scale solar power park located in India. A 50 MWp Solar Photovoltaic Power Park (SPPP) located at Sakunala, in the State of Andhra Pradesh, is one of the largest solar power park in India, and the site receives an average solar radiation of 5.5–6.0 kWh/m²/day. The design, performance analysis, economic feasibility, and greenhouse gas mitigation of the 50 MWp SPPP is presented. The energy yields, performance ratio (PR), capacity utilization factor (CUF), and losses are assessed based on the IEC 61724 standards for two consecutive years (2018–2019 and 2019–2020). The performance results obtained are compared with the PVsyst simulation results. The PR, CUF, and energy yields are estimated as 0.779, 0.24, and 107,326.4 MWh in 2018–2019 and 0.691, 0.22, and 96,707.336 MWh in the year 2019–2020, respectively. The PVsyst simulator evaluates the PR, CUF, and energy yields as 0.80, 0.24, and 106,022 MWh, respectively. Further, the effect of power curtailment policies on solar PV projects is also discussed and the effect of curtailment policy on the economy of the solar power park in terms of payback period and emissions are analysed. The performance of the SPPP is also compared with those of other PV plants installed all over the world.