Azure Power

The Central Electricity Regulatory Commission (CERC) has directed distribution companies (DISCOMs) to compensate solar developers for incremental impact due to the imposition of safeguard duty and associated 'carrying costs.' It ...

India's installed utility-scale solar capacity breached the 50-GW mark in August 2022, 9.7 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom's India ...

Independent power producer Azure Power Global announced the resignation of its Chief Executive Officer (CEO), Harsh Shah, two months after he took charge. Rupesh Agarwal, who was appointed by Azure ...

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power Global announced that Harsh Shah would be joining as the Chief Executive Officer, effective July ...

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of Power announced the launch of the National Open Access Registry (NOAR). It is a ...

Azure Power Global Limited, an independent sustainable energy solutions provider and power producer in India, announced that its Board of Directors had accepted the resignations of its Chief Executive Officer ...

Azure Power, an independent solar power producer, reported operating revenue of ₹4.48 billion (~$60.2 million) in the third quarter (Q3) of the fiscal year (FY) 2022, a 27% year-over-year (YoY) ...

Here are some noteworthy cleantech announcements of the day from around the world: Uttar Pradesh New and Renewable Energy Agency (UPNEDA) issued a letter of intent to SJVN for 75 MW of ...

The Central Electricity Regulatory Commission (CERC) recently ruled that power generators and procurers should mutually settle claims under the ‘Change in Law’ provisions. The central regulator said that the affected ...

The Central Electricity Regulatory Commission (CERC) recently directed a solar project developer and the subsidiaries to approach Solar Energy Corporation of India (SECI) for 'Change in Law' claims due to ...

The Central Electricity Regulatory Commission (CERC) has rejected a solar energy developer's compensation petition for the additional tax burden on operation and maintenance (O&M) expenses and carrying costs due to ...

The Appellate Tribunal of Electricity (APTEL), in a recent order, set aside an order of the Maharashtra Electricity Regulatory Commission (MERC) rejecting compensation claimed by Azure Power Thirty Four Private ...

Adani Solar, Avaada Energy, and Azure Power have emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s India ...

Azure Power and Adani Green Energy Fifteen were declared winners in the Maharashtra State Electricity Distribution Company's (MSEDCL) auction to procure 300 MW of power from grid-connected interstate and intrastate ...

The Indian solar industry is gradually returning to normalcy after facing several challenges in the past two years due to the Covid-19 pandemic and adverse market conditions. The second quarter ...

The tariff of ₹2.92 (~$0.04)/kWh discovered in the manufacturing-linked solar projects auction held in January last year has now been reduced to ₹2.54 (~$0.034)/kWh. Adani Green Energy (AGEL) and Azure ...

The Appellate Tribunal for Electricity (APTEL), in a recent order, directed a solar developer to pay liquidated damages to the Gulbarga Electricity Supply Company (GESCOM) for the delay of 31 ...

From: Mercom Capital Group Sunnova Energy Corporation, a wholly-owned subsidiary of Sunnova Energy, announced that it intends to offer, subject to market conditions, a $350 million aggregate principal amount of green bond (senior ...

OMERS Infrastructure announced that it has signed a stock purchase agreement to acquire a 19.4% stake in Indian independent power (solar) producer Azure Power Global for $219 million from International Finance Corporation (IFC) ...

Tata Power and Azure Power were declared winners in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) auction to procure power from 500 MW of from grid-connected interstate and intrastate ...

Mitsubishi UFJ Financial Group (MUFG) has announced the completion of a five-year syndicated financing deal of $163 million for Azure Power's 300 MW solar project. The project is being developed in ...

Azure Power posted a 16.2% year-over-year (YoY) rise in its revenue in the fourth quarter (Q4) of the financial year (FY) 2021, driven by projects commissioned in FY 2021. Other reasons ...

Citing an increase in costs as a result of a change in the rate of Goods and Services Tax (GST), Azure Power Thirty Four, a wholly-owned subsidiary of Azure Power, ...

Independent power producer Azure Power had recently approached the Central Electricity Regulatory Commission (CERC), seeking a deadline extension from Power Grid Corporation of India Limited (PGCIL) to lay the transmission ...

The Covid-19 pandemic and the subsequent nationwide lockdown capped off a turbulent 2020 for the Indian solar sector. The pandemic affected the solar supply chain and brought the solar industry ...