Developer

Azure Power Global Limited

www.azurepower.com

Total capacity of implemented projects

up to 10 MW

Countries of projects presence

1

Azure Power Global Limited is a leading renewable energy company in India that specializes in solar energy generation. The company was founded in 2008 by Inderpreet Wadhwa, who is also the current CEO. Its headquarters are located in New Delhi, India, and it has operations in various parts of the country.

Azure Power Global Limited has a mission to provide clean and affordable energy to everyone. The company is committed to reducing India's carbon footprint by generating electricity from renewable sources. Azure Power Global Limited has a diversified portfolio of solar energy projects, including rooftop solar, utility-scale solar, and off-grid solar. The company has a total installed capacity of over 7 GW, making it one of the largest solar power producers in India.

The company's business model is based on the Build-Own-Operate (BOO) model, where it builds and operates solar power plants and sells the electricity generated to various customers. Azure Power Global Limited has a long-term Power Purchase Agreement (PPA) with various state electricity distribution companies, commercial and industrial customers, and government entities.

Azure Power Global Limited has a strong focus on innovation and technology. The company uses the latest technology to optimize the performance of its solar power plants. It has also developed a proprietary software platform, AzureTrack, which monitors the performance of its solar power plants in real-time. AzureTrack helps the company to identify and resolve any issues that may arise, ensuring maximum efficiency and uptime of its solar power plants.

Azure Power Global Limited has received several awards and recognition for its contribution to the renewable energy sector. In 2017, the company was awarded the 'Best Renewable Energy Company' at the India Energy Awards. It has also been recognized by the Ministry of New and Renewable Energy, Government of India, for its contribution to the solar energy sector.

Azure Power Global Limited is committed to sustainability and social responsibility. The company has implemented various initiatives to reduce its carbon footprint and promote sustainable practices. It has also undertaken several social initiatives, including providing education and healthcare facilities to the communities in which it operates.

Azure Power Global Limited has a strong financial position, with a market capitalization of over $1 billion. The company has a debt-to-equity ratio of 0.8, indicating a healthy balance between debt and equity. The company has a strong track record of revenue growth, with a CAGR of 50% over the past five years.

Azure Power Global Limited has a strong growth strategy, with plans to expand its solar energy portfolio to 15 GW by 2025. The company plans to achieve this by developing new solar power plants, expanding its existing solar power plants, and exploring new markets outside India.

In conclusion, Azure Power Global Limited is a leading renewable energy company in India that specializes in solar energy generation. The company has a strong focus on innovation, technology, sustainability, and social responsibility. Azure Power Global Limited has a diversified portfolio of solar energy projects and a strong financial position. The company has a strong growth strategy and is committed to providing clean and affordable energy to everyone.