Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

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) ...
/ / Finance and M&A, Other
Solar Developer Azure Power to Float $350 Million Green Bond

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 ...
/ / Finance and M&A, Solar
Azure’s Revenue Up by 40% in Q1 of 2020 Driven by Newly Operational Solar Projects

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 ...
/ / Finance and M&A, Solar
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

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

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 ...
CERC Dismisses Adani Green’s Petition Against Power Grid Corporation

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

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 ...
/ / Markets & Policy, Solar
SECI Extends Bid Submission Deadline for its 2 GW Solar Tender

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 ...
/ / Markets & Policy, Solar
Lowest Tariff of ₹2.55/kWh Wins SECI’s 1.2 GW ISTS Solar Auction

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, Tenders & Auctions
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019

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 ...
/ / Markets & Policy, Solar
India’s Safeguard Duty Investigation Draws Criticism at WTO

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 ...
/ / Markets & Policy, Solar
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?

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, ...
/ / Mercom Research Focus, Other
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019

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 ...
/ / Markets & Policy, Solar
CDPQ Increases its Stake in Azure Power to 40%

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 ...
/ / Finance and M&A, Solar
Azure Power and Maheswari Mining Win APDCL Tender for 85 MW of Solar Projects in Assam

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

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

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

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 ...
/ / Markets & Policy, Solar
Over 80% of Recent Solar Auctions in India Won by Larger Solar Developers

Over 80% of Recent Solar Auctions in India Won by Larger Solar Developers

The solar sector in India is rapidly expanding with increasing participation from a mix of domestic and foreign developers. However, a detailed analysis of the winners of major solar auctions ...
Azure Power Wins Contracts to Develop 132 MW of Solar PV Projects

Azure Power Wins Contracts to Develop 132 MW of Solar PV Projects

Indian renewable energy project developer Azure Power has been awarded two contracts to develop a combined 132 MW of solar photovoltaic (PV) projects in the country. The capacity includes both ...
BREAKING: ReNew, Avaada and Azure Win Bids to Develop 550 MW of Solar Projects in Pavagada

ReNew, Avaada and Azure Win Bids to Develop 550 MW of Solar Projects in Pavagada

The Karnataka Renewable Energy Development Limited (KREDL) has auctioned 550 MW of grid-connected solar photovoltaic (PV) projects to be developed at the Pavagada Solar Park in Tumkur district of the state ...
Azure Power Reports 83% Increase in Revenues for Q3 of FY 2017-18

Azure Power Reports 83% Increase in Revenues for Q3 of FY 2017-18

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the third quarter of 2017-18, ending December 31, 2017. The company declared a revenue ...
Azure Power to Develop Grid-Connected Rooftop Solar Projects for 152 Indian Schools

Azure Power to Develop Grid-Connected Rooftop Solar Projects for 152 Schools

Azure Power, an independent solar power producer, is all set to develop a total of 11.35 MW of grid-connected rooftop solar photovoltaic (PV) projects for various schools across the country ...
/ / Solar, Tenders & Auctions
Azure Power Wins Contract to Develop 2 MW Rooftop Solar in Udaipur Smart City

Azure Power Wins Contract to Develop 2 MW Rooftop Solar in Udaipur Smart City

Azure Power, a domestic solar project developer, has won the contract to develop a 2 MW of grid-connected rooftop solar photovoltaic (PV) project for the Udaipur Smart City Limited (USCL) ...
/ / Solar, Tenders & Auctions
Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power, an independent solar power producer, commissioned a 100 MW grid-connected solar photovoltaic (PV) project in Telangana. The 100 MW grid-connected solar PV project is spread over an area ...
/ / Solar, Utility Scale