Azure Power Assigned Highest Accreditation Rating by ICRA Updated On Fri, Jul 28th, 2017 by Saurenergy While assigning the rating ICRA considered Azure Power’s strong track record of project execution, its well qualified and experienced management, technical competence, quality of suppliers and ties-up, and strong financial profile. Azure Power, a leading independent solar power producer in India, has been assigned SP 1A rating by ICRA, one of India’s leading rating agencies. […] Read more
Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform Updated On Fri, Jun 16th, 2017 by Saurenergy The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […] Read more
Azure Power Commissions 100 MW NTPC Solar Project in Andhra Pradesh Updated On Wed, Jun 14th, 2017 by Saurenergy The 100 MW solar power project was auctioned by NTPC and has been set up at Kurnool Ultra Mega Solar Park. Azure Power, a leading independent solar power producer in India, has announced that it has commissioned a 100-megawatt (MW) solar power plant in Andhra Pradesh. The project was auctioned by NTPC, which has a […] Read more
Azure Power and Hareon Solar Forms Joint Venture to Develop 118 Mw Solar Power Project in Telangana Updated On Fri, Apr 28th, 2017 by Saurenergy Hareon Power Singapore Limited, the Singapore subsidiary of Hareon Solar will be collobarating with Azure Power to develop 118 MW solar power project in Telangana. Hareon Solar Technology Co., Ltd. will be partnering with Azure Power Global Limited to develop a 118 MW solar power project in India. Hareon will be investing through its Singapore […] Read more
Solar Power Tariff Expected to Get Cheaper than Coal Updated On Mon, Apr 24th, 2017 by Saurenergy The solar power tariff has seen a significant decline in tariffs from Rs. 10.95-12.76/kWh in 2010-11 to as low as Rs. 3.15 per kWh, which is expected to fall to Rs. 2.90 per unit. India’s solar power prices may be set to fall below those of thermal (coal) energy. This is based on an expected […] Read more
There’s more to Indian Solar Tariffs than Meets the Eye Updated On Tue, Apr 18th, 2017 by Saurenergy The record low solar tariff of INR 3.29 that was bid in Rewa Solar Power Project, has been surpassed by National Thermal Power Corporation’s 250 MW project, Engie’s Solairedirect submitting INR 3.15 tariff rate. India achieved a record low solar tariff of INR 3.29 (US¢ 5.1)/kWh in the Rewa tender in February. That record was […] Read more
Secondary Solar Market in India Updated On Tue, Apr 18th, 2017 by Saurenergy with the rise of the solar market, there has been a constant pressure on Indian developers to churn their capital. To minimize the pressure the developers are laying the foundation for the advent of the secondary market for solar assets by shopping their rapidly growing solar projects to prospective investors. The merger and acquisition (M&A) […] Read more
India to Add 1 GW of Solar by the End of April at Kurnool Solar Power Park in Andhra Pradesh Updated On Thu, Apr 6th, 2017 by Saurenergy The 1 GW Kurnool Solar Power Park is being implemented by Andhra Pradesh Solar Power Corporation Private Limited under the National Solar Mission Phase-II, Batch-II, State Specific Bundling Program. The entire Kurnool Ultra Mega Solar Power Park of 1 GW capacity is expected to be connected to the grid by the end of April 2017. […] Read more
Azure Power Wins Indian Railway’s Largest Rooftop Solar Power Project Updated On Thu, Mar 30th, 2017 by Saurenergy Azure Power wins 46 MWs of solar projects from Indian Railways across 11 states in India, and company’s rooftop portfolio now more than 100 MWs across 14 states in India. Azure Power, a leading solar power producer in India, announced that it has won 46 MWs of rooftop solar power projects across eleven states pan […] Read more
