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Azure Power to invest $3.7 billion to set up 4 GW capacity by 2024-25

By : Sustainability ..., Jan 21, 2020

Solar power producer, Azure Power, is planning to invest about $3.7 billion by the end of financial year 2024-25, the company said in an investor briefing. According to its capex forecast, it will make investment in a range between $2.6 billion and $3.7 billion from 2020-21...

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Azure Power secures 2,000 MW solar power project

By : Sustainability ..., Dec 16, 2019

Solar power producer Azure Power has announced that it has received a letter of award (LOA) for a 2 Gigawatt (GW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of Rs 2.92 per kWh. The...

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After months of gloom, govt’s mega solar offering soars

By : Sustainability ..., Nov 14, 2019

The government’s latest offering of solar power projects based on indigenous kits attracted bids for twice the 1,000 MW capacity offered by state-run SECI (formerly Solar Energy Corporation of India) Ltd on Thursday, marking a revival in investor sentiment as a result of...

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Latest 1.2 GW solar capacity awarded at Rs 2.54/kWh

By : Sustainability ..., Jun 14, 2019

The latest 1.2 GW solar auction conducted by Solar Energy Corporation of India (SECI) saw lowest winning tariffs (Rs 2.54/kWh) approaching the same level as in February auction (Rs 2.55/kWh)....

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Azure bid for manufacturing-linked solar tender rejected

By : Sustainability ..., Jan 23, 2019

The government has decided to reject the sole bid it had received from Azure Power for its first...

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Azure Power commissions 95MW solar project in Gujarat

By : Sustainability ..., Nov 6, 2018

Indian solar developer Azure Power has commissioned a 95MW solar power plant in Gujarat as the first phase of a 260MW capacity award from the distribution company Gujarat Urja Vikas Nigam Ltd (...

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Azure Power signs Letter of Award with NTPC for 300 MW solar power project

By : Sustainability ..., Nov 1, 2018

Solar power producer Azure Power today announced it has signed a Letter of Award (LoA) with NTPC Ltd for a 300 Megawatt solar power project. Azure had won the project in an auction conducted by...

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NYSE-listed Azure Power raises $185 million

By : Sustainability ..., Oct 24, 2018

NYSE-listed Azure Power, one of the country’s largest independent solar power producers with a solar portfolio of over 3GW spread across 23 states, has raised around $185 million primary capital...

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Azure wins 12 MW of rooftop projects in Delhi and Madhya Pradesh

By : Sustainability ..., Sep 17, 2018

Indian developer Azure Power has been awarded 11.2MW and 600KW rooftop solar projects by the utilities Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and Delhi-based Indraprastha Power...

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Azure Power secures USD-135m financing for rooftop solar in India

By : sustainabilityo..., Jun 1, 2018

Indian solar power producer Azure Power (NYSE:AZRE) has signed an agreement for a USD-135-million (EUR 115.5m) solar rooftop debt financing, it announced today.

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