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Azure Prices its Public Offering of 1.48 Cr Equity Shares at $12.50 Per Share

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 […]

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Azure Power Gets LoI to Electrify HAL

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 […]

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Azure Power’s Portfolio Surpasses 3 Gigawatts

  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 […]

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EIB to Provide $11.75 Mn Loan for 34 MW Solar Project in Zambia

Further, the Zambian project is promoted by Enel company and will also be supported by loans from the IFC, World Bank Group member, and IFC-Canada Climate Change Program. European Union lender, the European Investment Bank (EIB) has provided up to USD 11.75 million loan to support the 34 MW Ngonye solar power plant in Zambia. Further, the Zambian […]

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Azure Power Hits another Milestone; Surpasses 1 GW of Operating Solar Capacity

This milestone was achieved with the company’s recent commissioning of a 50 MW project in Andhra Pradesh. Adding another feather in the cap, Indian solar power producer Azure Power has enhanced its portfolio by surpassing 1 GW of operating solar capacity. The achievement has made it one of the largest solar power companies in India. Further, […]

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Engagement of Social Development Consultant for SECI

Solar Energy Corporation of India Limited (SECI) is planning to set up a solar –wind hybrid project with World Bank financing. To prepare and ensure the social safeguards requirement for the project, SECI intends to engage a Social Development Consultant on Retainer basis. Individuals having vast experience in various areas of preparation and implementation of […]

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Why a Performance Guarantee is Guaranteed Underperformance

Sorrebh Samdani, Applications Engineering Manager at infiswift Many in the solar industry view the performance guarantee as an assurance that PV projects will produce the maximum amount of energy. While the performance guarantee does ensure that a PV project will produce above a minimum threshold, it does not ensure that it will perform to its […]

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Sterling and Wilson to Build Zambia’s Largest Solar Plant

Sterling and Wilson was ranked as the world’s largest pure play solar EPC company (outside USA and China) by IHSMarkit in Q1 2017. Sterling and Wilson, leading Global Solar EPC Company has been chosen to construct Zambia’s largest solar plant, of capacity 54.3 MWp. It is the first project to be implemented in the frame […]

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Solar or Power Plant in India to be Built, Plans Bangladesh

Bangladesh will likewise have the capacity to import power from the power plant after its development. Bangladesh is wanting to manufacture a power plant in India through the Bangladesh-India Friendship Company (BIFCL). The underlying arrangement is to construct solar or coal-based power general plant. A choice has been made to frame an advisory group containing delegates […]

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