Azure Power Assigned Highest Accreditation Rating by ICRA
28 7월 2017 - 4:22AM
Business Wire
- The rating affirms Azure Power’s
‘Highest Performance Capability’ and ‘Highest Financial Strength’
to undertake solar projects
- ICRA was mandated by Ministry of New
and Renewable Energy (MNRE) to carry out accreditation for System
Integrators
Azure Power (NYSE: AZRE), a leading independent solar power
producer in India, has been assigned SP 1A rating by ICRA, one of
India’s leading rating agencies. The rating indicates ‘Highest
Performance Capability’ & ‘Highest Financial Strength’ of Azure
Power to undertake solar projects.
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While assigning the rating ICRA considered Azure Power’s strong
track record of project execution, its well qualified and
experienced management, technical competence, quality of suppliers
and ties-up, and strong financial profile. The rating is valid for
a period of two years up to July 16, 2019.
Speaking on the Occasion Mr Inderpreet Wadhwa, Founder,
Chairman and Chief Executive Officer, Azure Power said, “We are
pleased to be assigned the SP 1A rating by ICRA. The rating
reflects our strong project development, engineering, and execution
capabilities and are a testament to our efficiency and reliability
as a trusted solar power producer.”
About Azure Power
Azure Power (NYSE: AZRE) is a leading solar power producer in
India with a portfolio of over 1,000 MWs across 18 states. With
over 100 MWs of high quality, operating and committed solar assets,
the company has one of the largest rooftop portfolios in the
country. With its in-house engineering, procurement and
construction expertise and advanced in-house operations and
maintenance capability, Azure Power provides low-cost and reliable
solar power solutions to customers throughout India. It has
developed, constructed and operated solar projects of varying
sizes, from utility scale to rooftop, since its inception in 2008.
Highlights include the construction of India’s first private
utility scale solar PV power plant in 2009 and the implementation
of the first MW scale rooftop project under the smart city
initiative in 2013.
For more information, visit: www.azurepower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170727006420/en/
InvestorNathan Judge, CFAir@azurepower.comInvestor
Relations, Azure PowerorMediaSamitla
Subbapr@azurepower.com+91-11- 4940 9854Marketing, Azure Power
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