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Azure Power Global Limited Announces Launch of its Initial Public Offering

Azure Power Global Limited today announced the launch of its initial public offering of 6,818,182 equity shares, including 5,863,637 equity shares to be sold by Azure Power and 954,545 shares to be sold by certain selling shareholders. Azure Power expects to grant the underwriters a 30-day option to purchase up to an additional 1,022,727 equity shares at the initial public offering price. Azure Power has applied to list its equity shares on the New York Stock Exchange under the symbol ‘AZRE.’
Azure Power intends to use the net proceeds from the offering primarily to fund the purchase by Azure Power of equity shares of its subsidiary, Azure Power India Private Limited, and to fund future operating expenses of Azure Power. Net proceeds to be received by AZI as a result of such purchase are intended to be used for growth capital requirements, new project development and other general corporate purposes.
Barclays and Credit Suisse are acting as joint book-running managers of the offering. Roth Capital Partners is acting as a co-manager of the offering.
A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective, and, even then, the securities may only be sold pursuant to the registration statement and final prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

http://www.azurepower.com/

Patagonia joins the Bring Back Solar Alliance

The outdoor clothing company, has joined the Alliance in fighting to overturn the unpopular solar rate hike passed by the Public Utilities Commission of Nevada (PUC) in late December.

Antaisolar at the Solar Power International

The SPI 2016 took place at Las Vegas Convention Center on 12th-15th September. This yearly event generates success for solar energy professionals and global solar industry. It has become the fastest growing and largest solar show in North America.

iRed announce UK distribution for the ICI 9000 Series, UAV Thermal Imaging Camera

iRed the UK’s leading thermographic imaging company secure exclusive UK distribution rights for the ICI 9000 Series UAV Thermal Imaging Camera ICI 9000, in response to growth of the solar energy and aerial inspections market.

OPDE begins construction of a new 5MWp solar farm in the United Kingdom

The construction will be carried out between October and December of 2016, and at its completion, the new solar farm will generate enough electricity to provide more than 1,300 homes every year. With this new solar farm, located in the county of North Yorkshire, OPDE is near to meet 100MW of built solar photovoltaic capacity in the United Kingdom.

Panasonic launches new HIT N295 PV module for Europe

295 watt panel becomes most powerful sub 1.6m² module available to European installers.

d.light raises over $22 million to expand PayGo business into new off-grid solar markets

KawiSafi Ventures and Energy Access Ventures, along with USAID, Shell Foundation and others, partner with leading provider of solar energy in the developing world.

NdP: Ardian Infrastructure acquires four solar photovoltaic plants in Chile and Peru from Solarpack

Ardian Infrastructure today announced it has acquired an 81% stake in four Solarpack solar PV plants in South America. Three of the plants are in the north of Chile and one is in the south of Peru. The deal also sees Ardian taking a minority stake in Solarpack and occupying a seat on its board of directors.

With the new PV SOL 2017 electric cars can now be included in the design of a PV plant

Valentin Software has expanded its PV SOL design software so that for the first time it is now possible to include electric cars in the design of photovoltaic plants.

Four Seasons Resort Bora Bora has integrated a 600kWp rooftop solar PV system

Sunzil SAS, a Delta sales partner, has installed a new photovoltaic system in the luxurious 5-star French Polynesian resort, allowing it to produce green electricity.

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