Azure Power Global

Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in New Delhi, India.

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Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in Haryana, India.

NEW DELHI , July 7, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, announced that it has been awarded SA8000:2014 certification, an international standard for social accountability. Azure Power is the first Renewable Energy company in India to have been awarded this certification.

Azure Power becomes the first Renewable Energy company in India to be SA8000 certified

NEW DELHI , July 1, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE) ("Azure" or "the Company"), a leading sustainable energy solutions provider and renewable power producer in India, today announced in continuation to its update on May 6, 2022, that Mr. Harsh Shah has joined the Company today as its Chief Executive Officer.

Harsh Shah joins Azure Power as Chief Executive Officer

NEW DELHI , June 13, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in India, today announced that it has executed a Module Supply Agreement ("MSA") with Premier Energies Group ("Premier Group"), one of India's leading manufacturers of solar PV cells and modules, for supply of modules up to 600 MW p.a. for next four years.

Azure Power ties up with India's Premier Energies Group for solar cells and modules

NEW DELHI , June 1, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, today announced, pursuant to its previous announcement dated February 28, 2022, that its Board member and Independent Director, Mr. Arno Harris, has confirmed his resignation from his position as a member of the Board of Directors of Azure Power and all its subsidiaries effective May 31, 2022.

Arno Harris Resigns from Board of Directors at Azure Power

NEW DELHI , May 11, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced the appointment of Delphine Voeltzel, a Managing Director at OMERS Infrastructure, to its Board. Delphine will join the Board effective May 11, 2022, as Nominee Director appointed by OMERS Infrastructure, which is the second largest shareholder of Azure Power.

Azure Power announces appointment of Delphine Voeltzel as Nominee Director from OMERS Infrastructure

NEW DELHI , May 6, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in India, today announced that Mr. Harsh Shah will be joining as the Chief Executive Officer, effective July 1, 2022.

Azure Power Announces Appointment of New Chief Executive Officer

NEW DELHI , May 2, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, announced that it has successfully commissioned its 90 MW solar power project in Assam, the largest in the state. The 90 MW capacity is spread across four districts in the state – Udalguri, Kamrup, Nagaon, and Cachar.

Azure Power fully commissions its 90 MW solar power project in Assam

Alan Rosling, Non-Executive Chairman of the Board of Directors, to Oversee Company until a new CEO Appointment is Announced EBENE, Mauritius , April 26, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and power producer in India, today announced that its Board of Directors have accepted the resignations of Ranjit Gupta, Chief Executive Officer (CEO), and Murali Subramanian, Chief Operating Officer (COO). Both will relinquish their roles with the Company and its subsidiaries, and Mr Gupta will resign from the Board of Directors ("the Board") with immediate effect in order to pursue other opportunities.

Azure Power Announces Resignation of Ranjit Gupta as Chief Executive Officer and Murali Subramanian as Chief Operating Officer

Azure Power (AZRE) announces the successful commissioning of its 300-megawatt solar project in Bhadla, Rajasthan.

Azure Power (AZRE) Commissions 300 MW Solar Project in India

NEW DELHI, March 14, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and power producer in India, announced full commissioning of its 300 MWs Interstate Transmission System (ISTS) connected solar power project, Rajasthan 8, allocated by Solar Energy Corporation of India (SECI). The project is in Bhadla, Rajasthan and the power generated from the project is being supplied to SECI at tariff of INR 2.58 (~US $3.7 cents) per kWh for 25 years.

Azure Power fully commissions its 300 MWs SECI project, Rajasthan 8, in Bhadla, Rajasthan

Q3 2022 was a big Quarter for Azure who beat on both Revenue and EPS.

Assured Growth With Azure

Azure Power Global Limited (AZRE) CEO Ranjit Gupta on Q3 2022 Results - Earnings Call Transcript

NEW DELHI, Feb. 28, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced two changes to its Board of Directors. Christine McNamara will join the Board effective March 1, 2022, as Independent non-executive Director.

Azure Power announces change in Board of Directors

EBENE, Mauritius, Feb. 25, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent renewable power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles ("GAAP") for the third quarter of fiscal 2022, ended December 31, 2021. Operating Highlights: Megawatts ("MWs") Operating* were 2,523 MWs, as of December 31, 2021, an increase of 37% over December 31, 2020.

Azure Power Announces Results for Third Quarter Fiscal 2022

NEW DELHI, Feb. 24, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, will report financial results for the third quarter fiscal 2022 ended December 31, 2021, after the market closes on Friday, February 25, 2022. The Company will host a conference call to discuss results on Monday, February 28, 2022, at 8:30 a.m.

Azure Power to Announce Results for Third Quarter Fiscal 2022 Ended December 31, 2021, After the Market Closes on February 25, 2022

NEW DELHI, Feb. 22, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced successful refinancing of its existing project finance facility of INR 23.50 billion (~USD 313 million) utilized towards construction of its largest project – 600 MWs Interstate Transmission System (ISTS) connected solar project implemented by Azure Power Forty Three Pvt Ltd, a Special Purpose Vehicle (SPV). The project was fully commissioned recently in December 2021.

Azure Power refinances its 600 MWs ISTS connected solar project at the lowest rate of interest in its portfolio to date

NEW DELHI, Feb. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and IPP in India, today published its third annual sustainability report for fiscal year 2020-21 (FY 2020-21). The report highlights several ways in which Azure Power is delivering on its sustainability commitments.

Azure Power releases its third annual sustainability report for FY 2020-21, commits to water neutrality by 2023

Azure Power (AZRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Azure Power (AZRE) Report Negative Q3 Earnings? What You Should Know

EBENE, Mauritius, Jan. 27, 2022 /PRNewswire/ -- Azure Power Global Limited (the "Company") announced today the final results of its previously announced rights offering. By the end of the subscription period on January 24, 5:00pm EST, 78.4% of the rights had been exercised, and, accordingly, 12,404,282 newly issued equity shares of the Company were subscribed.

Azure Power Announces Final Results of Rights Offering

EBENE, Mauritius, Jan. 24, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) announced today that the subscription period for its rights offering closed today at 5pm eastern time. The Company expects to raise $249,938,599 from the rights offering, which is backstopped by its shareholders CDPQ Infrastructures Asia Pte Ltd.

Azure Power's rights issue closes for subscription

EBENE, Mauritius, Jan. 7, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, announced today that its rights offering opened today for subscription to raise proceeds of up to $249,938,599. Pursuant to the rights offering, each shareholder of the Company will receive one non-transferable subscription right (a "Right") for each equity share, par value $0.000625 per share (an "Equity Share") held as of 5:00 p.m.

Azure Power's Rights Issue open for subscription

The mean of analysts' price targets for Azure Power (AZRE) points to a 102.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 103% Upside in Azure Power (AZRE): Can the Stock Really Move This High?

NEW DELHI, Jan. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, today announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power generated from the project will be supplied to SECI at a tariff of INR 2.53 (~US 3.5 cents) per kWh for 25 years.

Azure Power fully commissions its 600 MWs SECI project, the largest owned and operated single site solar project in India

EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) (the "Company"), a leading independent renewable power producer in India, today announced certain operational and financial updates in connection with the Rights Offering that was also announced today. This is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.

Azure Power: Operational and financial Update

EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that Azure Power Global Limited (the "Company") has set the record date of 5:00 p.m., Eastern Time on January 6, 2022 (the "Record Date"), for a proposed offering of non-transferable subscription rights.

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