Azure Power Global Limited, a leading solar power producer in India, has announced that Inderpreet Wadhwa will be retiring from his position as CEO and Chairman and member of the Board of Directors of Azure Power and all its subsidiaries. The Company’s non-executive directors have initiated a search for a new CEO. Wadhwa will continue with his responsibilities until a new CEO begins work at Azure Power or December 31, 2019, whichever is earliest. He will serve as an advisor to the Company until December 31, 2019 even if a new CEO begins work prior to that date.
The Board of Directors has expressed its great appreciation to Wadhwa for his leadership and contributions to the Company, and for making Azure a dynamic leader among all renewable energy companies in India. Under Wadhwa’s leadership, Azure Power has grown to become one of India’s largest solar power developers and operators with over 1.5 GW of operating assets plus over 1.5 GW of contracted projects. The company has established its leadership through a series of industry firsts, including the first Indian solar company to list its shares publicly on the NYSE and the first successful issuance of green bonds for Indian solar assets.
Azure Power developed India’s first private utility scale solar project in 2009 and has been at the forefront in the sector as a developer, constructor and operator of utility scale, micro-grid and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.