Azure Power

CDPQ Increases Stake, now Majority Stakeholder in Azure Power

Azure Power has announced that CDPQ has acquired additional shares of AZRE, to become a majority stakeholder in the India solar power developer. Azure Power Global Limited (AZRE), a leading independent solar power developer in India, has announced that Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, has acquired additional shares […]

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The Total-Adani Deal- Impact on Indian Solar Sector

The announcement yesterday of a proposed JV between Total Total SA, the french energy major, and Adani Green Energy, the renewable energy arm of the Adani Group, for $510 million (approx Rs 3600 crores) is, to put it mildly, a surprise. After all, while not dire, the sector today faces multiple pressure points, the latest […]

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Safeguard Duty Knots. Azure Power Wins Reprieve from CERC

Azure Power, which had gone to the central Electricity Regulatory Commission (CERC) to get compensation from SECI for two of its bids, due to the imposition of Safeguard Duty (SGD) on 30.07.2018, has found a willing ear at CERC. The two cases here were petition numbers 356/MP/20198, and 51/MP/2019. In an order that mirrors the […]

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As Cancellations Surge, India’s Solar ‘Pipeline’ Drying Up

News from the much celebrated 2 GW auction of NTPC in 2018, where top developers had bid for prices as low as Rs 2.59 is not good. 70 percent of the capacity won by developers, namely, Acme Solar, Shapoorji Pallonji, and Azure Power, have opted out of the deal, citing regulatory delays. The option of […]

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The Azure Power Investor Presentation for 2020-2025- Highlights

As one of the few firms that are publicly listed, the Inderjeet Wadhwa founded Azure Power, listed at the NYSE (New York Stock Exchange in October 2016), Azure Power commands a special cachet in the Indian solar sector. Unlike many of its peers, not only has it stuck to solar, but also narrowed its focus […]

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Clean Energy Flunks The Easy Financing Test

For a Sector that requires one of the largest sustained funding requirements in decades, financing for clean energy investments in India has had a rocky ride. The three year lock-in for developers is the most recent obstacle. Bankability. That’s a word that is highlighted proudly across the solar chain, and whose value can never be […]

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Will ADITYA Succeed Where UDAY failed?

Based on the stories that have come out so far, the following aspects of the proposed new scheme to clear India’s discom mess have emerged. Called ADITYA (Atal Distribution System Improvement Yojana), the new scheme could be announced as early as February 1, with the union budget presentation. First, the scheme will reward performing discoms […]

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Azure Power’s $75 mn Private Placement Successfully Completed

Azure Power has informed that its previously announced USD 75 million private placement has been completed, issued 6,493,506 equity shares to CDPQ Azure Power Global, a leading independent solar power developer in India, has informed that its previously announced USD 75 million private placement has been completed and that it has issued 6,493,506 equity shares […]

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