Azure Power (NYSE: AZRE) announced the appointment of Ms. Supriya Prakash Sen as an independent non-executive Director, expanding its Board to 10 members with 7 independents. Ms. Sen brings over 30 years of experience in banking, capital markets, and sustainability initiatives. Her past roles include advising on innovative financing in energy and urban projects across Asia. CEO Ranjit Gupta emphasized Ms. Sen's expertise in sustainability and financing as a valuable addition to strengthen governance. Azure Power continues to lead India's solar energy sector with over 7 gigawatts of portfolio.
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Azure Power (NYSE: AZRE) has received a letter of award for a 2 GW interstate transmission solar project from the Solar Energy Corporation of India (SECI). This project, part of a larger 4 GW capacity, enables Azure to supply power at a tariff of INR 2.92 (~US 3.9 cents) per kWh for 25 years. The initiative also includes a 500 MW manufacturing capacity requirement, with plans to collaborate with a domestic partner. The project aims for staggered commissioning, starting in 2022 and concluding by 2025, enhancing India's solar power capabilities.
Azure Power (NYSE: AZRE), a top solar power producer in India, has filed its annual report on form 20-F for the fiscal year ending March 31, 2020, with the SEC. This report outlines the company's operations and financial performance for the year. Azure Power boasts a pan-Indian portfolio exceeding 7 gigawatts and has been a leader in solar energy since developing India's first private utility-scale solar project in 2009. The annual report is available on their investor relations website and can be requested in hard copy by shareholders.