Azure Power Surpasses 1 GW of Operating Solar Capacity
Azure Power Global Limited Equity Shares (AZRE)
Last azure power global limited equity shares earnings: 2/11 04:31 pm
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Source: Business Wire
Commissions 50 MW solar project in Andhra Pradesh NEW DELHI--(BUSINESS WIRE)-- Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that its portfolio has surpassed 1 GW of operating solar capacity, making it one of the largest solar power companies in the country. This milestone was achieved with the company’s recent commissioning of a 50 MW project in Andhra Pradesh. The project has been setup in Ananthapuramu Solar Park across approximately 250 acres. Azure Power will supply power for 25 years to Solar Energy Corporation of India (SECI), a Government of India enterprise and a company with a AA+ domestic debt rating by ICRA, a Moody’s company. The levelized tariff is INR 4.79 (~US 7.5 cents) per kWh, which includes Viability Gap Funding (VGF). This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/2018051
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