Azure Power commissions 600 MW Rajasthan solar project
The PV plant, in the Bikaner district of the state, is the largest PV power project in India owned and operated at a single location by a developer.
Azure Power signs 2,333 MW solar PPA with SECI
The PV capacity is part of an overall 4 GW secured under the Solar Energy Corporation of India’s manufacturing linked auction.
Azure Power lands 600 MW solar contract from SECI
The generation capacity is part of an overall 4 GW secured by the developer in a manufacturing-linked PV tender held by the national solar body.
Canada’s OMERS Infrastructure to buy 19.4% stake in Azure Power
The transaction expands Canadian pension plan’s investment in clean energy, consistent with its long-term strategy to increase footprint in this growing sector.
MUFG closes US$ 163 million finance for Azure Power’s 300 MW solar project
The latest transaction follows MUFG’s commitment to the debt funding facility for Adani Green’s under-construction hybrid portfolio of solar and wind projects in Rajasthan.
Unsigned PPAs halting India’s renewable energy growth
Nearly 19 GW of renewable energy capacity tendered by the Solar Energy Corporation of India (SECI) is on hold due to electric distribution companies’ unwillingness to sign the power purchase agreements. Manufacturing-linked solar projects alone account for a 63% share of the capacity in limbo.
Azure Power sells 152 MW solar rooftop portfolio to Radiance Renewables
The New Delhi-based developer has agreed to sell its 152 MW of solar rooftop portfolio for INR 536.5 crore (US$ 73.5 million) as it focuses on capital discipline and improving shareholder returns.
Ecoppia robotic cleaners selected for Azure Power’s 450MW solar project
The Israeli developer of module cleaning robots has bagged an order from Indian solar developer Azure Power to deploy its water-free cleaning solution across a 450 MW solar project in Rajasthan.
Evolving risks could dampen solar investment flow
Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.
Six Indian firms among top 36 in solar developer ranking
Acme Solar ranks eighth with 2.556 GW of cumulative generation capacity to date, and Adani Green Energy (2.421 GW) ninth in the list, which has First Solar and Canadian Solar on top. Azure Power, Tata Power, Greenko Energy and NTPC are the other Indian developers among the top 36.
