CERC Approves Tariff of ₹2.54/kWh to Procure 100 MW of Solar Power from SECI
The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.54 (~$0.035)/kWh as requested by Tata Power Delhi Distribution Limited (TPDDL) to procure 100 MW of solar power from ...
Azure Power’s Revenue up 25%, Net Loss Rises Amid Higher Expenses and Curtailment in AP
Azure Global Power Limited reported revenue of ₹3.05 billion (~$42.6 million) for Q3 FY20, an increase of 25% year-over-year but the company still registered a net loss of ₹1.36 billion ...
APTEL Asks MERC to Release Azure Power’s Bank Guarantee for 150 MW of Solar Projects
The Appellate Tribunal for Electricity (APTEL) has asked the Maharashtra Electricity Regulatory Commission (MERC) to release the bank guarantee from Azure Power’s 150 MW solar project within two weeks. Considering ...
China’s TBEA Set to Launch its 2 GW Inverter Factory in Bengaluru
TBEA Xi’an Electric Technology Co., an affiliate of the TBEA Group, has announced that it will be unveiling its GW solar inverter factory on November 29, 2019, in Bengaluru. The ...
CERC Dismisses Azure Solar’s Claim for GST Compensation on O&M Expenses
The Central Electricity Regulatory Commission (CERC) has dismissed the petitions filed by Azure Power against the National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India Ltd. (SECI) requesting ...
Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019
In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in ...
Canada’s Institutional Investor CDPQ to Invest $75 Million in Azure Power
Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has announced that it will invest $75 million in Azure Power Global Limited, a solar power ...
Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs
Urja Global Limited has announced that it has received the approval to raise green bonds of up to $500 million (₹35.64 billion) to finance renewable projects and electric vehicles (EVs) ...
Solar Developer Azure Power to Float $350 Million Green Bond
Azure Power Solar Energy Private Limited, a wholly-owned subsidiary of Azure Power Global Limited has announced that it will issue a green bond offering of $350 million (~₹25 billion). The ...
Azure’s Revenue Up by 40% in Q1 of Fiscal 2020 Driven by Newly Operational Solar Projects
Azure Power, an independent solar power producer, has announced its consolidated financial results for the first quarter (Q1) of the financial year (FY) 2019-20. The company generated a revenue of ...
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed
The Maharashtra Electricity Regulatory Commission (MERC) has dismissed a plea requesting that the introduction of Goods and Services Tax (GST) be treated as a ‘Change in Law’ event. The petition, filed ...
Newly Commissioned Solar Projects Drive Azure’s Revenue Up 26% to $41 Million in Q4 2019
Independent solar power producer Azure Power (NYSE: AZRE) has announced its consolidated financial results for the fourth quarter of the financial year (FY) ending March 31, 2019. The company generated ...
Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation
Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State Power Generation Company (MSGPCL or MAHAGENCO) to compensate the company for the ...
Rajasthan’s Bhadla Solar Park Sees Commissioning of 200 MW by Azure and ReNew
200 MW of grid-connected solar photovoltaic (PV) projects have been commissioned at Rajasthan’s Bhadla Phase-III Solar Park. The Solar Energy Corporation of India (SECI) had tendered 250 MW of grid-connected ...
Azure Likely to Get Compensated for Increase in Solar Project Cost Due to Levy of Safeguard Duty
The Maharashtra Electricity Regulatory Commission (MERC) has provided relief to Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change ...
Lowest Tariff of ₹2.55/kWh Wins SECI’s 1.2 GW ISTS Solar Auction
ReNew Power has emerged as the L1 bidder by quoting the lowest tariff of ₹2.55 (~$0.035)/kWh to develop 300 MW in the recent auction conducted by the Solar Energy Corporation of ...
Solar Developer Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019
Azure Power (NYSE: AZRE) has announced its consolidated results for the third quarter ending December 31, 2018. The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ...
Azure Power Moves Gujarat High Court Against Solar Safeguard Duty, Gets Interim Relief
The Gujarat High Court has provided temporary relief to project developer Azure Power in the matter of levy of safeguard duty on solar cells and modules imported by the company ...
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?
India's solar market is on a roll with over 24 GW of large-scale solar photovoltaic (PV) capacity installed in the country as of December 2018. According to Mercom India Research, ...
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019
Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated results for the second quarter ending September 30, 2018. Total revenue in the second quarter of FY19 ...
CDPQ Increases its Stake in Azure Power to 40%
Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has announced an increase in its stake in Azure Power Global Ltd (Azure Power). Azure Power is a leading ...
Azure Power and Maheswari Mining Win APDCL Tender for 85 MW of Solar Projects in Assam
The Assam Power Distribution Company Limited (APDCL) has auctioned 85 MW of grid-connected solar photovoltaic (PV) projects to be developed across the state. APDCL has awarded 75 MW of grid-connected ...
Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects in India
Indian renewable energy project developer Azure Power has raised $135 million in debt financing from a consortium of development finance institutions. The proceeds will be used to finance approximately 200 MW of ...
Azure Power and Shapoorji & Pallonji Win 250 MW of Solar Projects Tendered by MAHAGENCO
The Maharashtra State Power Generation Company (MAHAGENCO) has awarded solar photovoltaic (PV) projects totaling 250 MW under agricultural (AG) feeder program. The winning bidders are Azure Power and Shapoorji & Pallonji, ...
UPERC Adjourns Uttar Pradesh Solar Project Case Between SECI and Azure Power
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adjourned the case relating to the petition filed by domestic renewable energy project developer Azure Power for the extension of scheduled commissioning ...
