Azure power raises 470 million dollars financing for its solar projects Updated On Tue, Nov 8th, 2016 by Saurenergy Azure Power, a leading independent power producer in the solar power sector in India, announces it has tied-up approximately US$ 470 million financing for its projects to be commissioned in 2017. This is one of the largest financing done till date in the Indian solar sector. With this tie-up Azure Power’s cumulative financial commitment to […] Read more
Azure Power Announces Pricing of its IPO Updated On Thu, Oct 13th, 2016 by Saurenergy Last month Azure Power announced the launch of its initial public offering (IPO) of 6,818,182 equity shares. Now the company has announced the pricing of its initial public offering of 3,409,091 equity shares, including 2,242,424 equity shares to be sold by Azure Power and 1,166,667 shares to be sold by certain selling shareholders, at a […] Read more
Azure Power Ties up with Overseas Private Investment Corporation (OPIC) Updated On Tue, Oct 4th, 2016 by Saurenergy Azure Power has announced that it has partnered with U.S. Government’s development finance institution- Overseas Private Investment Corporation (OPIC) for long-term low-cost debt financing facility of USD 20 million for 15 years at a cost of capital of 4.74%. The company will utilize the load to construct 19 MW new solar rooftop projects across multiple […] Read more
Azure Power announces the launch of its initial public offering Updated On Fri, Sep 23rd, 2016 by Saurenergy Azure Power Global Limited (“Azure Power”) has announced the launch of its initial public offering of 6,818,182 equity shares. 5,863,637 equity shares will be sold by Azure Power, while 954,545 shares will be sold by certain selling shareholders says the official statement. The company expected to grant the underwriters a 30-day option to purchase up […] Read more
Azure Power installs 10MW rooftop solar PV project in Mohali, Punjab Updated On Thu, Jul 28th, 2016 by Saurenergy Azure Power has installed a 10MW rooftop solar PV project in Mohali, Punjab. The 10 MW solar rooftop project is spread across eight locations in the state. Power produced by the solar plant will be sold to Punjab State Power Corporation Limited under 25-year power purchase agreement (PPA) at a tariff of Rs. 7.59/kWh. The […] Read more
Azure Power inaugurates 28 MW solar power plant in Punjab, lays foundation for another 150 MW Updated On Mon, Jun 6th, 2016 by Saurenergy Azure Power inaugurated a 28 MW solar power plant in Killianwali village of Muktsar district, Punjab. Simultaneously, the firm laid foundation for another 150 MW solar power project in the same village. The newly operational solar plant was commissioned in less than ten months from the signing of the Power Purchase Agreement (PPA). With a […] Read more
Azure Power appoints Arno Harris as an independent director Updated On Wed, May 18th, 2016 by Saurenergy Azure Power has announced appointment of CEO and Chairman of Recurrent Energy, Arno Harris as an independent director. Arno Harris comes on board with over 15 years of experience in the solar sector and has helped the industry make the transition to mainstream energy markets. This includes his term as the Founder, CEO and Chairman of Recurrent […] Read more
