Azure Power announced the commissioning of a 600 MW solar project in Bikaner that is connected to the Interstate Transmission System (ISTS). According to a release, power generated by the project in Rajasthan would be delivered to SECI for 25 years at a rate of Rs 2.53 per kWh. AccordingContinue Reading
Azure Power announced that it has secured a letter of award (LOA) for its first wind project, a 120 MW ISTS project with Solar Energy Corporation of India (SECI) for 25 years at a rate of INR 2.70 (US 3.6 cents) per kWh. The project is a component of SECI’sContinue Reading
Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 million). A 100% subsidiary of the Green Growth Equity Fund (GGEF), India’s leading Climate fund managed by EverSource Capital, Radiance offers competitive renewable energyContinue Reading
Azure Power Forty Private Limited has bought 276 bighas of land from the erstwhile zamindar’s family who was originally granted the Mikir Bamuni Land Grant cluster of villages in Nagaon district of Assam. However, since the so-called “acquisition” of this land, a series of false claims by state officials haveContinue Reading
Azure Power had won a 4 giga-watt (GW) renewable plus manufacturing plant auction in October 2019 which got converted into a letter of award in June 2020 but still awaits a power purchase agreement as state power distribution companies (discoms) remain financially stressed. Analysts at HSBC downgraded the rating ofContinue Reading
The New York Stock Exchange-listed firm, Azure Power has said that its revenues are not affected by COVID-19 pandemic. They are comfortable with their revenue and operating megawatt guidance for financial year 2019-20 (FY20) and FY21. For FY20, the revenues are expected to be between Rs 12,900 million to RsContinue Reading
Azure Power has commissioned a 150 Megawatt (Mw) solar power project at Bhadla solar park in Rajasthan. This is the first phase of the 200 Mw allocated to Azure Power by Solar Energy Corporation (SECI). Azure Power will supply power to SECI at a tariff of Rs 2.48 per unitContinue Reading
Azure Power has won a 160 Megawatt (Mw) solar power project in Uttar Pradesh in the latest auction conducted by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). Azure Power will sign a 25-year power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL) at a tariff of RsContinue Reading
