Azure Power Wins 130 MWs of Solar Power Projects
22 3월 2018 - 3:21AM
Business Wire
- 100 MW win in Karnataka
- 32 MWs with Indian Railways across
12 states
Azure Power (NYSE: AZRE), a leading solar independent power
producer in India, announced that it has won a cumulative capacity
of 130 MWs at a blended tariff of INR 3.35 (~US 5.2 cents) per kWh,
bringing the Company’s total portfolio to over 1,720 MWs. The win
includes a 100 MWs utility scale project at the Pavagada solar park
in Karnataka and a 30 MWs solar rooftop project with Indian
Railways, the largest rail network in Asia, owned and operated by
the Government of India through the Ministry of Railways.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180321006007/en/
Azure Power Solar Plant (Photo: Business
Wire)
The 100 MWs project was won in an auction conducted by Karnataka
Renewable Energy Development Ltd. The solar plant will be set up at
Pavagada Solar Park, one of the largest solar parks in the world.
The solar park is being developed by Karnataka Solar Power
Development Corporation Limited (KSPCL). Azure Power will supply
power to the electricity supply companies of Karnataka (ESCOMs) for
25 years at a tariff of INR 2.93 (~US 4.6 cents) per kWh. This
brings our portfolio in Karnataka to about 250MWs, which is one of
the largest portfolios in the state.
Another 30 MWs was allocated by Indian Railways to Azure Power.
Azure Roof Power will provide power for 25 years to various Indian
Railway facilities across 12 states. Azure Power qualifies for a
capital incentive from Indian Railways and the power will be sold
at a weighted average levelized tariff of INR 4.74 (~US 7.5 cents)
per kWh. With the new allocation of 30 MWs, Azure Power has become
the largest supplier of solar power to Indian Railways with a
cumulative awarded capacity of 76 MWs, which includes the 46 MWs of
capacity currently in the portfolio.
Commenting on the occasion, Mr Inderpreet Wadhwa,
Founder, Chairman and Chief Executive Officer, Azure Power
said, “Azure Power offers tremendous value to our customers across
various segments. We are pleased to expand our portfolio in
Karnataka and with Indian Railways. With these wins, we have once
again demonstrated our strong project development capabilities and
are delighted to make this contribution towards realization of our
Hon’ble Prime Minister’s commitment towards clean and green energy,
through solar power generation.”
About Azure Power
Azure Power (NYSE: AZRE) is an independent solar power producer
with a pan-Indian portfolio. 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.
For more information, visit: www.azurepower.com.
Forward Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995. The risks and uncertainties that could cause the Company’s
results to differ materially from those expressed or implied by
such forward-looking statements include: the availability of
additional financing on acceptable terms; changes in the commercial
and retail prices of traditional utility generated electricity;
changes in tariffs at which long term PPAs are entered into;
changes in policies and regulations including net metering and
interconnection limits or caps; the availability of rebates, tax
credits and other incentives; the availability of solar panels and
other raw materials; its limited operating history, particularly as
a new public company; its ability to attract and retain its
relationships with third parties, including its solar partners; its
ability to meet the covenants in its debt facilities;
meteorological conditions and such other risks identified in the
registration statements and reports that the Company has filed with
the SEC from time to time. All forward-looking statements in this
press release are based on information available to us as of the
date hereof, and the Company assumes no obligation to update these
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180321006007/en/
Azure Power Global LtdInvestor ContactNathan Judge,
CFAir@azurepower.comInvestor RelationsorMedia ContactSamitla
Subbapr@azurepower.com+91-11- 4940 9854Marketing
Azure Power Global (NYSE:AZRE)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Azure Power Global (NYSE:AZRE)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024