Will ADITYA Succeed Where UDAY failed? Updated On Thu, Jan 16th, 2020 by Saurenergy 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 […] Read more
Azure Power’s $75 mn Private Placement Successfully Completed Updated On Tue, Dec 17th, 2019 by Saurenergy 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 […] Read more
Azure Wins 2 GW Solar Capacity in SECI’s Manufacturing-Linked Tender Updated On Fri, Dec 13th, 2019 by Saurenergy Azure Power has received an LOA for a 2 GW ISTS solar power project with SECI to supply power for 25 years at a tariff of Rs 2.92 per kWh. A leading solar power producer in India, Azure Power has announced that it has received a letter of award (LOA) for a 2 GW interstate […] Read more
Missing. A Public Presence for Renewable Firms in India Updated On Mon, Dec 2nd, 2019 by Saurenergy Back in March 1999, when Infosys Limited, the software firm that was just beginning to get noticed listed on the Nasdaq stock market in the US, it was a seminal moment for the firm and the Indian IT sector in general. Not only did the firm become the first Indian firm to list on NASDAQ, […] Read more
Azure Power Quarterly Revenue up 28% at $40.3 Million Updated On Sat, Nov 16th, 2019 by Saurenergy Azure Power has announced its consolidated results under the United States GAAP for the fiscal Q2 2020, reporting an increase in revenue of 28 percent Azure Power, a leading independent solar power producer in India, has announced its consolidated results under the United States Generally Accepted Accounting Principles (GAAP) for the fiscal second quarter 2020, […] Read more
Azure Power Inks Subscription Pact to Raise $75 Mn Updated On Thu, Nov 7th, 2019 by Saurenergy Gupta further said “with this capital raise, our current committed projects will be fully equity funded.” Country’s one of the largest solar power developers and operators Azure Power has signed a subscription pact to raise USD 75 million via private placement of over sixty four lakh equity shares at USD 11.55 per share to Caisse de depot et placement […] Read more
Azure Power Gets LoA for 300 MW Project in SECI Auction Updated On Wed, Jul 31st, 2019 by Saurenergy The company is also expected to sign a 25-year agreement with SECI to supply power at a tariff of Rs 2.54 (U.S. 3.7 cents) per kWh. Azure Power, one of the country’s largest solar power developers and operators, has won 300 MW of an Inter State Transmission System (ISTS) solar power project in a Solar […] Read more
Azure Power Appoints new CEO and President Updated On Thu, Jul 18th, 2019 by Saurenergy Azure Power has announced the appointment of Ranjit Gupta as CEO and a member of the Board, and Murali Subramanian as president. Azure Power, one of the leading solar power producers in India has announced the appointment of Ranjit Gupta as chief executive officer (CEO) and a member of the Board, and Murali Subramanian as […] Read more
Surprise! SECI’s ISTS Tender for 1200 MW Gets Bids at Rs 2.54/unit Updated On Thu, Jun 13th, 2019 by Saurenergy The tender for the ISTS (Inter-State Transmission System) tranche IV solar projects, that came out in February 2019, has concluded with surprisingly low rates for SECI. The projects are spread across India and come with the added assurance of SECI ensuring grid connectivity. The tariff ceiling for this tender was set at Rs 2.65/KwH. As […] Read more
