Azure Power

Azure Power chief executive officer abruptly resigns

Indian solar designer as well as power producer Azure Power Global Ltd (NYSE: AZRE) has actually officially opened what it says is the biggest solar photovoltaic (PV) park in the northeastern state of Assam.

Indian independent power manufacturer (IPP) Azure Power has made a US$ 12.9 million investment in solar maker Premier Energies while likewise locking in residential PV module supply from the business.

Indian independent power manufacturer (IPP) Azure Power has appointed Harsh Shah as CEO, reliable from 1 July, following the resignation of its previous CEO, Ranjit Gupta, last month.

The 90 MW of solar capacity is spread throughout 4 areas in Assam-- Udalguri, Kamrup, Nagaon, and also Cachar. Azure Power now has an operational capacity of over 2,900 MW of high-performing renewable energy assets in India.

Indian solar programmer as well as power manufacturer Azure Power Global Ltd (NYSE: AZRE) introduced today that it has actually commissioned 90 MW of solar sites in India's state of Assam.

In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.

Azure Power exceeded the upper end of its profits assistance for its Q3 fiscal year thanks to the enhancement of brand-new renewables projects.

This rates of interest of 7.2% is dealt with for 42 months as well as it's the most affordable in terms of rupee financing for Azure Power's existing portfolio until now. It has been learnt that for this refinancing facility, L&T Finance Limited has actually served as the sole expert.

Independent power producer Azure Power has actually resorted to Ecoppia for robotic cleaning services for 400MW of solar PV.

Indian independent power producer (IPP) Azure Power has actually received a letter of award (LOA) for its initial 150MW interstate transmission system connected (ISTS) solar-wind hybrid project with the Solar Energy Corporation of India (SECI).

Azure Power is on track to increase its operating solar capability by at the very least a 3rd this fiscal year adhering to a first quarter that saw the independent power manufacturer (IPP) return to success.

Azure Power Global saw its price of deploying solar fall by almost 19% last year, however the company still recorded a net loss of US$ 38.1 million in the quarter finishing 31 March 2021 regardless of a year-on-year boost in earnings.

Radiance Renewables Pvt. Ltd. (Radiance), a gamer in the competitive renewable energy options for commercial, industrial and also residential customers has actually introduced an arrangement to obtain the solar rooftop assets of Azure Power Global Limited for Rs 536.5 crore covering 152.5 MW consisting of 8.1 MW of unfinished and also 18.5 MW of lately commissioned properties. Radiance is a 100% subsidiary of the Green Growth Equity Fund (" GGEF"), India's leading Climate fund, taken care of by EverSource Capital.

COVID-19-induced project delays affected India's solar energy transition last year, but 2021 is still readied to be a "site year" for the source, according to new research.