Azure Power Hits another Milestone; Surpasses 1 GW of Operating Solar Capacity

This milestone was achieved with the company’s recent commissioning of a 50 MW project in Andhra Pradesh.

Azure Power Hits another Milestone

Adding another feather in the cap, Indian solar power producer Azure Power has enhanced its portfolio by surpassing 1 GW of operating solar capacity.

The achievement has made it one of the largest solar power companies in India.

Further, this milestone was achieved with the company’s recent commissioning of a 50 MW project in Andhra Pradesh.

Commenting on the achievement, Azure Power, Founder, Chairman and Chief Executive Officer, Inderpreet Wadhwa said, “We started with the vision of providing affordable solar power for generations and the mission to be the lowest cost power producer in the world. Through our collective efforts and support from our stakeholders, we have achieved this important milestone of 1,000 MWs operating through large-scale, mini/micro grid and rooftop solutions across the entire country. We are delighted to make this contribution towards the realization of our Hon’ble Prime Minister’s commitment of clean and green energy, through solar power generation.”

“IFC has been an investor in Azure Power since 2010, supporting the company’s growth at different stages. Our continued and sustained investments in Azure Power has helped provide access to clean and affordable energy to millions of people,” said Hyun-Chan Cho, Head, Asia, Infrastructure and Natural Resources, IFC.

Speaking on the occasion, CDPQ, President and Chief Executive Officer, Michael Sabia said, “Our investment in Azure Power, a leader in its field, has allowed us to build our presence in the solar power sector in India, a priority market for us. We are excited to be a part of their growth story and are pleased to contribute, as an investor, to a global low-carbon economy.”

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Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.