Solar Energy Corporation of India

Insights on the Solar Paint Global Market to 2027 - Surging Demand for Alternative Forms of Energy Owing to Depleting Natural Energy Resources is Driving Growth

Retrieved on: 
Wednesday, October 19, 2022

DUBLIN, Oct. 19, 2022 /PRNewswire/ -- The "Global Solar Paint Market, By Technology (Solar Paint Hydrogen, Quantum Dot (Photovoltaic Paint), Perovskite Solar Paint), By End User, By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 19, 2022 /PRNewswire/ -- The "Global Solar Paint Market, By Technology (Solar Paint Hydrogen, Quantum Dot (Photovoltaic Paint), Perovskite Solar Paint), By End User, By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
  • Surging demand for alternative forms of energy owing depleting natural energy resources like fossil fuels and growing renewable energy production worldwide are also propelling the global solar paint market growth.
  • The solar paint to existing solar setups segment is expected to hold the largest share in the global solar paint market owing to factors like ease of application.
  • Tel Aviv-based Solar Paint Ltd., Transfer Electric GmbH, Solar Energy Corporation, Onyx Solar are enlisted in a partial list of major market players of the global solar paint market, etc.

Azure Power Global Limited Update

Retrieved on: 
Monday, August 29, 2022

NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").

Key Points: 
  • NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").
  • Wadhwa in relation to the purchase price of their shares in Azure Power India Private Limited.
  • AZURE is a leading independent sustainable energy solutions provider and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.
  • Azure also partners with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.

Azure Power Global Limited Update

Retrieved on: 
Monday, August 29, 2022

NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").

Key Points: 
  • NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").
  • Wadhwa in relation to the purchase price of their shares in Azure Power India Private Limited.
  • AZURE is a leading independent sustainable energy solutions provider and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.
  • Azure also partners with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.

ReNew ties-up US$ 1-billion ECB consortium loan for largest single-project funding in Indian RE sector

Retrieved on: 
Wednesday, August 17, 2022

As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.

Key Points: 
  • As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.
  • The interest rate, after hedging, is expected to be lower than the Company's current average cost of debt on its balance sheet.
  • This ECB loan follows ReNew's refinancing last month of its dollar-denominated bonds with domestic borrowings, becoming the first Indian renewable company to do so.
  • ReNew Power is one of the largest renewable energy Independent Power Producers in India and globally.

ReNew ties-up US$ 1-billion ECB consortium loan for largest single-project funding in Indian RE sector

Retrieved on: 
Wednesday, August 17, 2022

As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.

Key Points: 
  • As ReNew rapidly builds its total portfolio, this US$ 1-billion loan has been tied up through a special purpose vehicle and will be deployed for its hybrid Round-the-Clock (RTC) battery-enabled project.
  • The interest rate, after hedging, is expected to be lower than the Company's current average cost of debt on its balance sheet.
  • This ECB loan follows ReNew's refinancing last month of its dollar-denominated bonds with domestic borrowings, becoming the first Indian renewable company to do so.
  • ReNew Power is one of the largest renewable energy Independent Power Producers in India and globally.

ReNew's total portfolio rises close to 20% to over 12 GW

Retrieved on: 
Thursday, April 28, 2022

This has seen the company's gross total portfolio jump to ~12.1 GW from 10.2 GW at the beginning of this calendar year.

Key Points: 
  • This has seen the company's gross total portfolio jump to ~12.1 GW from 10.2 GW at the beginning of this calendar year.
  • The new utility solar projects will be located in the western state of Rajasthan and have flat tariffs over 25 years.
  • This takes ReNew's overall corporate portfolio to over 900 MW, making it one of the largest renewable energy solutions providers for corporates.
  • As of April 28, 2022, ReNew has a gross total portfolio of ~ 12.1 GW of renewable energy projects across India, including commissioned and committed projects.

ReNew's total portfolio rises close to 20% to over 12 GW

Retrieved on: 
Thursday, April 28, 2022

This has seen the company's gross total portfolio jump to ~12.1 GW from 10.2 GW at the beginning of this calendar year.

Key Points: 
  • This has seen the company's gross total portfolio jump to ~12.1 GW from 10.2 GW at the beginning of this calendar year.
  • The new utility solar projects will be located in the western state of Rajasthan and have flat tariffs over 25 years.
  • This takes ReNew's overall corporate portfolio to over 900 MW, making it one of the largest renewable energy solutions providers for corporates.
  • As of April 28, 2022, ReNew has a gross total portfolio of ~ 12.1 GW of renewable energy projects across India, including commissioned and committed projects.

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

Retrieved on: 
Monday, March 14, 2022

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).

Key Points: 
  • 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.
  • Following this, Azure Power has now operationalized 2,683 MWs of high-performing renewable energy assets in India.
  • Azure Power is a leading independent sustainable energy solutions provider, and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.

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

Retrieved on: 
Monday, March 14, 2022

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).

Key Points: 
  • 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.
  • Following this, Azure Power has now operationalized 2,683 MWs of high-performing renewable energy assets in India.
  • Azure Power is a leading independent sustainable energy solutions provider, and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.

Azure Power Announces Results for Third Quarter Fiscal 2022

Retrieved on: 
Friday, February 25, 2022

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.

Key Points: 
  • 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 revenues for the quarter ended December 31, 2021, were INR 4,480 million (US$ 60.2 million), an increase of 27% over the quarter ended December 31, 2020.
  • Net loss for the quarter ended December 31, 2021, was INR 610 million (US$ 8.2 million) against the net loss of INR 1,088 million for the quarter ended December 31, 2020.
  • Portfolio represents the aggregate megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or has received the LOA.