Azure Power, one of India’s leading independent solar power producers, has commissioned a 100 MW NTPC solar power plant in Telangana.
Azure power has won a 200 MW solar PV project to be developed at the Bhadla Solar Park in Rajasthan, in an auction conducted by the Solar Energy Corporation of India (SECI).
Azure Power’s new initiative Azure M-Power has won a project to electrify 320 households across 11 villages in Jharkhand through development of mini and micro grids.
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
One of the most prominent solar developers in India, Azure Power has gained 100% of the total allocated capacity in an auction conducted by NVVN.
The Indian developer has secured another solar rooftop project for buildings owned by the Indian government.
The Indian clean energy developer secures yet another contract to expand the electrification of Indian Railways using solar power.
A leading independent solar producer in India, Azure power has commissioned 50 MW solar power plant in Uttar Pradesh.
Azure Roof Power, a subsidiary of Azure Power, will install solar panels on Indian government buildings across 10 states, after winning the right to build 50 MW of PV capacity in an auction held by Solar Energy Corporation of India (SECI).
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