Azure Roof Power Announces US$ 135 Million Financing
Azure Power, a leading independent solar power producer in India, announced that it has tied up US$ 135 million with a consortium of Development Finance Institutions, which is a, the largest solar rooftop debt financing in India. The proceeds will be used to finance approximately 200 MWs of Azure Powers solar rooftop projects across India.
Azure Power signed the agreement with FMO in the presence of the Prime Minister of the Netherlands, Mr. Mark Rutte, Ambassador of the Netherlands to India, Mr.AlphonsusStoelinga and Chief Risk & Finance Officer, FMO, Ms.FatouBouar.
Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. Azure Roof Power has a well-diversified customer base with majority portfolio contracted with Government of India backed entities and many others. It include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways, a Delhi water utility company and various Government of India Ministries.