India’s Azure Power Finally Finds New CEO
Vena Energy’s Sunil Gupta To Join Azure Global As CEO & Azure India As MD From July 10, 2023
After 8 months of finding a replacement for the company’s top most position, India’s Azure Power Global Limited has finally settled on former senior executive of Vena Energy, Sunil Gupta to lead it as the chief executive officer (CEO).
Azure Power’s New Chief Human Resources Officer
Mining Company Vedanta’s Talent Acquisition Head Switches Over To Azure Power
Even as its search for a new Chief Executive Officer (CEO) continues, Indian renewable energy independent power producer (IPP) Azure Power has found a new Chief Human Resource Officer (CHRO) in ex-Vedanta Group senior resource Shweta Srivastava.
Azure Power To Source Modules From First Solar
First Solar Secures Maiden Order For India Fab From Azure Power For Series 7 Solar Modules
Indian renewable energy independent power producer (IPP) Azure Power has become the launch customer for US headquartered First Solar’s India manufacturing facility, to source Series 7 solar modules under a long-term supply agreement.
Azure Power’s CEO Quits With Immediate Effect
Azure Power CEO Harsh Shah Exits; Rupesh Agarwal Appointed Acting CEO
In less than 2 months of announcing Harsh Shah as the company’s new chief executive officer (CEO), Indian independent power producer (IPP) Azure Power Global Limited has announced his departure with immediate effect.
Rupesh Agarwal Joins India’s Azure Power
Azure Power’s New Chief Strategy & Commercial Officer Is Rupesh Agarwal
Indian renewables company Azure Power has brought on board Rupesh Agarwal as the company’s new chief strategy and commercial officer to oversee all its commercial and strategic functions with a focus on building a cohesive growth strategy.
India PV News Snippets
NTPC REL & GACL Partner For India’s 1st Commercial Scale Green Ammonia & Methanol Project & More From Jakson, Azure Power
NTPC REL has signed MoUs with GACL for green ammonia and green methanol production, and with Rajasthan for 10 GW UMREPP; Jakson Group is venturing into green hydrogen and ammonia production with new entity; Azure Power secures SA8000:2014 certificate.
Azure Power Invests In Solar PV Manufacturer
Premier Energies Secures 600 MW/Annum Module Order & Azure Power As 26% Stakeholder
Indian renewable energy company Azure Power Global Limited will invest in local solar cell and module maker Premier Energies Group and also source up to 600 MW modules annually for the next 4 years under a module supply agreement.
India PV News Snippets
Azure Power Bags EOI For 1.7 GW Renewables & More From JENWA, Mercom, Goldi
Azure Power announces EOIs for 1.7 GW RE in Karnataka and commissioning of 90 MW project in Assam; ADB approves INR 4.06 billion for JENWA’s 80 MW project; Mercom reports Jakson, SJVN and SAEL as winners of 410 MW solar auctioned; Goldi Solar says it will train over 2,000 by 2025.
Azure Power’s CEO & COO Exit Company
Azure Power’s Top Leadership Quits; Management Looking For Successor CEO
India headquartered and New York Stock Exchange (NYSE) listed independent power producer Azure Power Global Limited has announced the departure of both its CEO Ranjit Gupta and COO Murali Subramanian, with immediate effect.
India PV News Snippets
IFC Roped In For 600 MW Solar In Uttar Pradesh & More From NHPC, Azure Power, MoP
IFC has been roped in as advisor for 600 MW solar in UP; NHPC launches subsidiary for renewable energy, small hydro and green hydrogen projects; Azure Power refinances 600 MW solar in Rajasthan; Power Ministry issues amendments to short-term power procurement.
India PV News Snippets
Azure Power Signs 25-Year PPA With SECI For 600 MW Solar… & More
600 MW PPA for Azure Power: Azure Power has signed power purchase agreements (PPA) for 600 MW of interstate transmission system (ISTS) connected solar power projects under the 4 GW manufacturing linked projects it won from the Solar Energy Corporation of India (SECI).
Azure Power’s Q1/2022 Operating Revenues Up 13% YoY
Azure Power Improves Q1/2022 Revenues & Net Profit Despite Commissioning 62 MW AC; Hopes To Sign PPAs With Discoms For Some Part Of 4 GW SECI Capacity Win Soon
NYSE listed Azure Power exited Q1/2022 with a total operating, contracted and awarded portfolio of 6.955 GW after commissioning 62 MW AC in the reporting quarter.
OMERS Infrastructure Acquires 19.4% Stake In Azure Power
Canadian Pension Fund’s OMERS Infrastructure Acquires 19.4% Stake In India’s Azure Power From International Finance Corporation For $219 Million
The International Finance Corporation (IFC) and IFC GIF Investment Company have sold their 19.4% stake in Indian independent renewable energy producer Azure Power Global Limited for $219 million.
INR 2.62/kWh Lowest Winning Bid For 500 MW Hybrid Auction
MSEDCL’s 500 MW Wind-Solar Hybrid Auction In India Attracts INR 2.62/kWh Lowest Winning Bid From Tata Power & Azure Power: Mercom India Research; Tata Power Wins KSEBL’s 84 MW Rooftop Solar Contract
Oversubscribed by 1 GW, a 500 MW wind-solar hybrid tender of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) finally adjudged Tata Power and Azure Power as winners.
Azure Power EBITDA For Q4/2021 Up 44%
Azure Power’s Q4/2021 Revenues Went Up 16% YoY Even As Company Pushed Back 300 MW By A Quarter Due To COVID-19 Related Challenges; Starts Using Trackers To Deal With High Module Prices
Azure Power’s key performance metrics for Q4/2021 show the company earned $58.4 million revenues in Q4/2021, and for FY 2021 the operating revenues added up to $208.3 million.
Azure Power Sells Non-Strategic Rooftop Solar Portfolio
Azure Power To Sell Off Non-Core Rooftop Solar Portfolio To Radiance Renewables For $73.5 Million; Will Recycle Capital Into Higher Return Projects
Indian solar power producer Azure Power Global Limited is set to sell its ‘non-core’ solar rooftop. It is the New York Stock Exchange (NYSE) listed company’s 1st ever asset sale.
Azure Power Narrowed Down Net Loss In Q3/2021
New Projects Commissioned Increase Q3/2021 Revenues For Azure Power By 15.6% YoY; Company Narrows Down Net Loss & Guides For Between $245 To $259 Million Revenues For FY Ending March 31, 2022
Indian independent solar power producer Azure Power’s operating revenues during Q3/2021 (period ended December 2020) increased by 15.6% annually to a total of $48.2 million, thanks to new projects commissioned over past year, as well as recovery of.
India PV News Snippets: AGEL, Azure, SECI, Manipur
SECI Awards AGEL LOA For 600 MW Hybrid Wind-Solar Project & Informs Azure Power Of Inadequate Response From State Discoms For 4 GW Solar Capacity; Solar & Storage Tender For Leh; MANIREDA Launches 100 MW Solar Tender In Manipur
AGEL gets LOA for 600 MW hybrid project: Adani Green Energy Limited (AGEL) has secured the letter of award (LOA) for a 600 MW wind-solar hybrid power project from the Solar Energy Corporation of India (SECI) for its wholly-owned subsidiary Adani Rene.
Ex-Ostro Energy Executives Join Azure Power
Azure Power Finds New CEO & President In Ex-Ostro Energy Senior Executives, Ranjit Gupta & Murali Subramanian Respectively; Inderpreet Wadhwa To Remain On Board As Advisor Till December 31, 2019
Inderpreet Wadhwa (in the picture) of Azure Power has made way for the company to be helmed by new management under Ranjit Gupta as CEO and Murali Subramanian as president.
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