Ranjit Gupta

Azure Power Wins its First 120 MW ISTS Wind Project with SECI

Azure Power, one of the leading solar power developers in the country, has announced that it has received the letter of award (LOA) for its first wind project, 120 MW ISTS project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of INR 2.70 per kWh. Azure Power’s […]

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The Case For Storage Is a Tough Sell At Reinvest 2020

RE-invest 2020’s session on battery storage, with a focus on innovation and sustainability, sent out mixed messages on the potential for, and need for battery storage in India. Thus, while some of the panelists drove home the point that long term storage was not really a requirement for India yet, considering the little gap between […]

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Potential Is Finally Meeting Reality in Solar Is Message From MNRE Meet

In a sort of curtain raiser to the Re-Invest 2020 or the 3rd Global Renewable Investors’ meet scheduled from November 26-28, key stakeholders in the renewable energy domain discussed India’s market prospects  today. The Re-invest event is organized by the MNRE, Government of India and Confederation of Indian Industry (CII), with a focus on providing […]

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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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Azure Power Inks Subscription Pact to Raise $75 Mn

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 […]

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Azure Power Gets LoA for 300 MW Project in SECI Auction

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 […]

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Azure Power Appoints new CEO and President

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 […]

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