Azure Power

Azure Power to Expand Electrification of Indian Railways

Azure Roof Power will be used to provide power for 25 years to various Indian Railway facilities across 17 states and union territories. The power will be sold at a tariff range of INR 3.64 – 4.49 (US$ 0.06- 0.07) based on location. Azure Power has announced that it has won an additional 20 MWs […]

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Azure Power Bags 260 MW Solar Power Project in Gujarat

The 260 MW allocation is the largest allocation by GUVNL to a solar power developer, 52% of the total allocated capacity of 500 MW announced. Azure Power will provide power for 25 years to GUVNL which has been rated AA- by ICRA, a Moody’s company, at a tariff of INR 2.67 (~US$ 0.04) per kWh. […]

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Azure Power Commissions a 50 MW NTPC Solar Power Project in Uttar Pradesh

Azure Power will provide power for 25 years at a tariff of INR 4.78 per kWh to NTPC. The 50 MW project is spread across 300+ acres of land. Azure Power, a leading independent solar power producer in India, has announced that it has commissioned the final phase of its 50 megawatt (MW) solar power […]

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Azure Roof Power to Electrify Government of India Buildings across 10 States

50 MW allocation to Azure Power is the largest solar rooftop allocation done by SECI to supply power to Government buildings, approximately 14% of the total allocated capacity of 360 MW announced. Azure Power, a leading solar power producer in India, announced that it has won a 50 MW solar project in an auction conducted […]

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Azure Power Assigned Highest Accreditation Rating by ICRA

While assigning the rating ICRA considered Azure Power’s strong track record of project execution, its well qualified and experienced management, technical competence, quality of suppliers and ties-up, and strong financial profile. Azure Power, a leading independent solar power producer in India, has been assigned SP 1A rating by ICRA, one of India’s leading rating agencies. […]

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Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform

The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […]

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Azure Power Commissions 100 MW NTPC Solar Project in Andhra Pradesh

The 100 MW solar power project was auctioned by NTPC and has been set up at Kurnool Ultra Mega Solar Park. Azure Power, a leading independent solar power producer in India, has announced that it has commissioned a 100-megawatt (MW) solar power plant in Andhra Pradesh. The project was auctioned by NTPC, which has a […]

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