Azure Power files petition to extend LTA start date and deadline for completion of transmission line. Azure Power India Private Limited and 3 Ors. filed a petition seeking directions from the Central Electricity Regulatory Commission to Power Grid Commission of India Limited (PGCIL) to extend the Long- Term Access (LTA) start date and extend the […]
Petition to extend the Long-Term Access start date and extend the deadline for completion of transmission line
Petition under Section 79(1)(c), Section 79(1)(f) and Section 79(1)(k) of the Electricity Act, 2003 seeking directions from this Commission to Power Grid Corporation of India Limited to extend the Long-Term Access start date and extend the deadline for completion of the dedicated transmission line and pooling sub-station. The Petitioner to serve copy of the Petition […]
Eos Energy Announces Key Customer Orders in Critical Markets to Increase Backlog to $30 million
Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced booked orders from key customers, including Hecate Energy, Azure Power and ZGlobal Inc., to meet increased demand for energy storage in critical markets such as Texas, California and India. The Hecate project in […]
Rating on Azure Power Solar’s notes unaffected by sale of rooftop projects
Hong Kong : The rating on Azure Power Solar Energy Pvt Ltd (APSEPL’)s 350.1 million dollar 5.65 per cent senior notes due 2024 is not affected by the sale of Azure Power Global Ltd (APGL’s) rooftop solar portfolio,Fitch Ratings (/topic/fitch-ratings) said on Monday. Fitch does not expect the transaction to trigger a change of control provision […]
Azure Power Provides an Update on 4 GW Tender
NEW DELHI: Azure Power continues to work towards signing PPAs for the 4 GW manufacturing linked tender for which a Letter of Award (“LOA”) has already been received. The Solar Energy Corporation of India (“SECI”) has informed us that so far there has not been adequate response from the state electricity distribution companies (“DISCOMs”) […]
Azure Power Announces Results for Fiscal Second Quarter 2021
EBENE, Mauritius: Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2021, period ended September 30, 2020. Fiscal Second Quarter 2021 Period Ended September 30, 2020 Operating Highlights: • Operating Megawatts (“MW”) were 1,834 MWs, as of […]
Mr. Ranjit Gupta, CEO at Azure Power in Live Conversation with EQ
Setting up solar manufacturing capacity is a low-hanging fruit: Azure Power CEO
He said almost Rs 80,000 crore to Rs 85,000 crore of solar equipment is imported from China every year New Delhi: With the Indian government trying to provide a level-playing field to domestic solar power equipment manufacturers, the business is set to become profitable, helping more capacity to be set up locally over the next […]
Azure Power Announces 2020 Annual General Meeting Results
NEW DELHI : Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that it held its 2020 Annual General Meeting of Shareholders on September 28, 2020. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders (i) adopted the Annual Report of the Company for the period ended […]
HSBC downgrades Azure Power due to uncertainty on solar PPA
“Azure’s bid for a 4 giga-watt (GW) renewable plus manufacturing plant won in October 2019 got converted into a letter of award in June 2020 but still awaits a power purchase agreement as state power distribution companies (discoms) remain financially stressed,” HSBC said. Analysts at HSBC downgraded the rating of Azure Power to ‘hold’ from […]