Thursday, July 10, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Azure raises over US$400M for Indian projects

Fiinews by Fiinews
October 31, 2018
in Banking & Finance, Investment, Power, Projects, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Investors endorse solar ventures

 

Azure Power

International financiers have boosted Azure Power’s fund raising to US$400 million since 30 June 2018, the largest funding by the solar power group in India.

The company’s follow-on offering attracted support from new investors and also existing investors such as La Caisse de dépôt et placement du Québec (CDPQ), International Finance Corporation Global Infrastructure Fund (IFC GIF) and International Finance Corporation (IFC).

With these financings, Azure is well capitalised to deliver its contracted solar pipeline of over 2 GW which is one of the largest solar project pipelines in the country and has a weighted average tariff ~17% higher than the lowest solar bid in the Indian market.

The funds, from equity and debt financings, include US$185 million raised in its first public follow-on offering on the New York Stock Exchange that closed on 10 October 2018 and various project debt financings and short-term debt facilities.

Cumulatively, the company believes that this is the largest amount of financing raised by a solar power company in India during this period.

Speaking on this occasion, Inderpreet Wadhwa, Azure Founder, Chairman and Chief Executive Officer, said: “The recent financings were done against a challenging economic backdrop, but at the same time this is a testament to the quality of assets that we are developing and the strength of the solar platform that we have built.

“We are thankful to all our stakeholders and investors in helping us make significant contributions towards commitment towards clean and green energy, through solar power generation.”

Azure Power was founded by Wadhwa in 2008 with a vision of providing affordable solar power in an efficient, sustainable and socially responsible manner.

Azure Power has rapidly grown to become one of the largest solar power developers in the India. fiinews.com

Tags: Azure Power
ShareTweetShare

Related Posts

Ansrsource With Tagline
Technology

Tech: ansrsource-ANSR to reshape talent across India

by Fiinews
July 10, 2025
0
16

Ahuja to help clients achieve unprecedented levels of operational excellence Austin’s ansrsource has formed a strategic partnership with ANSR, the...

Infogain
Infogain

Tech: Infogain launches GCC solutions in India

by Fiinews
July 10, 2025
0
17

GCCs for highlight AI-driven talent, infrastructure and processes Infogain, a leader in digital customer experience engineering based in Silicon Valley,...

Delivery Of Nistar To Indian Navy

Project: Nistar delivered to Indian navy

July 10, 2025
15
IVCA

Invest: India requires $150-$200bn for renewables

July 10, 2025
25
Synergy Quantum

Tech: Partners work on India’s first space infra

July 10, 2025
13
Tredence Logo

Tech: Tredence launches Agentic AI Playbook

July 10, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: ansrsource-ANSR to reshape talent across India
  • Tech: Infogain launches GCC solutions in India
  • Market: Sai Parenterals goes global
  • Export: Rs.20lcr potential for Indian agriculture supplies
  • Project: Nistar delivered to Indian navy

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.