Ranjit Gupta

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

The developer has actually finished the last 100MW of its interstate transmission system project in Rajasthan

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).

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.

Azure Power has seen its pipe of interstate transmission solar in India swell by an additional 2GW after a greenshoe option in an existing agreement with Solar Energy Corporation of India (SECI) was worked out.

Azure Power has actually introduced that CDPQ has actually gotten extra shares of AZRE, to come to be a bulk stakeholder in the India solar energy developer.