CDPQ Raises Stake in Azure Power to 40% via $100 Mn Addl Investment Updated On Mon, Oct 22nd, 2018 by Saurenergy Post this new investment, the total amount invested by CDPQ in Azure Power grew to USD 240 million. Canada’s one of the leading institutional fund managers, La Caisse de dépôt et placement du Québec (CDPQ) has raised its shareholding in Azure Power Global, India-based solar firm, to 40 percent through USD 100 million contribution to the company’s recent […] Read more
Azure Prices its Public Offering of 1.48 Cr Equity Shares at $12.50 Per Share Updated On Sat, Oct 6th, 2018 by Saurenergy As part of this offering, the company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 equity shares at the public offering price, less underwriting discounts and commissions. Azure Power Global (Azure Power) has priced its underwritten public offering of 14,800,000 equity shares (offering) at a public offering price of […] Read more
Azure Power Signs Record 415 MP Gov’t PPAs in a Single Day Updated On Wed, Oct 3rd, 2018 by Saurenergy Various Government colleges, engineering colleges, polytechnics, Industrial Training Institutes (ITIs) and universities gathered in Bhopal for the Azure Power signing ceremony. Leading independent solar power producer, Azure Power has signed a record 415 PPAs for a portion of 11.2 MW rooftop solar power project won last month for Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in which […] Read more
Azure Power Gets LoI to Electrify HAL Updated On Fri, Sep 28th, 2018 by Saurenergy The project will be developed by the company within HAL estate area of approx 30 acres. Indian solar power producer Azure Power has received a letter of intent for a 6 MW solar project won an auction conducted by Odisha Renewable Energy Development Agency (OREDA) for Hindustan Aeronautics Ltd (HAL). The capacity won is 100 […] Read more
SECI’s 5000MW Solar Auction Gets Single Bidder Updated On Fri, Sep 28th, 2018 by Saurenergy As part of the government’s targets of achieving a cumulative capacity of 100 GW Solar PV installation by 2022, the SECI had invited bids from developers. Weighed down by the industry sentiment, state-run Solar Energy Corporation of India (SECI) has received unsatisfactory response for its tender of 5GW per year solar manufacturing as only a single bidder […] Read more
Azure Roof Power to Electrify Government Buildings in Madhya Pradesh and Delhi Updated On Sat, Sep 15th, 2018 by Saurenergy Azure Power, one of India’s leading independent solar power producers, announced it has won 11.2 MW and 600 KW rooftop solar power projects in bids conducted by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and Indraprastha Power Generation Company Ltd (IPGCL) respectively. Azure Power will provide power for 25 year to various Government establishments in […] Read more
Radite Acquires Azure Power’s 1.8MW SECI Solar Rooftop Order Updated On Fri, Sep 14th, 2018 by Saurenergy The solar rooftop power station to be installed for the Indian Railways is to be completed under the engineering, procurement and construction (EPC) carried out by Radite Energy. As a considerable addition to its portfolio, an active provider in the renewable energy sector, Radite Energy has bagged a 1.8 MW solar rooftop order from Azure […] Read more
Azure Power to Install 5 MW of Solar Power System for NREDCAP Updated On Tue, Aug 7th, 2018 by Saurenergy Azure Power will provide power for 25 years at an incentivized tariff rate of Rs. 4.57 per kWh. Azure Power has won a 5 MW rooftop solar power tender in a bid held by New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP). The developer, Azure Power is to install 5 MW of […] Read more
Azure Power’s Portfolio Surpasses 3 Gigawatts Updated On Tue, Jul 17th, 2018 by Saurenergy Azure Power wins 300 MWs with AA+ domestic debt rated government entity (SECI) at a tariff 8% above the lowest bid in the auction 87% of the 2.2 GW contracted pipeline are with counterparties that have A to AAA domestic debt ratings Over 1 GWs of the contracted pipeline are with sovereign counterparties Azure […] Read more
