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Azure Power

MUFG closes $163 million of financing fo 300 MW in India

Azure Power has secured $163 million of financing from Mitsubishi UFJ Financial Group (MUFG) for a 300 MW solar project in India.

Indian reliance on polycrystalline tech production leaves it trailing China

Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.

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Indian developer Azure Power secures 2 GW solar project through much-criticized manufacturing-linked tender

The NYSE-listed developer must establish a total 500 MW of annual cell and module manufacturing capacity as part of the deal and has agreed with an Indian panel producer to jointly develop the production lines with Azure holding a majority stake in the enterprise. The developer has an option to double up to 4 GW of project capacity within the next four days.

Indian manufacturing-linked solar tender now reportedly oversubscribed

A new series of tweaks by Solar Energy Corp. of India appear to have paid off, as the organization’s ambitious, manufacturing-linked 7 GW solar tender has been oversubscribed by 1 GW.

Troubled Indian manufacturing-linked solar tender now reportedly oversubscribed

A series of new amendments by the Solar Energy Corporation of India appear to have paid off, as the organization’s ambitious manufacturing-linked solar tender has reportedly ended up oversubscribed by 1 GW – of the capacity offered as an incentive at least.

India’s latest 1.2 GW of solar capacity awarded at $0.036 ahead of safeguarding duty fall

The Solar Energy Corporation of India’s 1.2 GW auction saw four companies – Ayana Renewable, ReNew Power, NYSE-listed Azure Power and Mahindra Susten – secure a combined capacity of 1.15 GW at INR2.54/kWh. Avaada Energy landed the remaining 50 MW, at Rs2.55.

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Indian developer Azure Power turns a full year profit

A profit is a profit, even if it amounts to less than $2,000, and the NYSE-listed developer appears to have turned the corner after a $14,700 loss a year ago. Borrowings are on the rise though, as the company plans to drum up an ever larger project portfolio.

SECI extends deadline for 3 GW India tender

State-owned Solar Energy Corp. of India (SECI) has once again extended the bid submission deadline for its latest 3 GW, manufacturing-linked solar tender, following a tepid response.

Indian developer Azure Power commissions 150 MW project at the Bhadla Solar Park

The independent power producer now has 1.6 GW of operational solar assets. Other recently commissioned Azure projects include the final phase of a 260 MW solar project in Gujarat and a 100 MW facility in Karnataka.

India’s 10 GW mega tender has now been trimmed to 3 GW

A week after rejecting the sole bid received – from Azure Power – for its manufacturing-linked 10 GW solar procurement, the government has trimmed the size of the ill-fated exercise by more than two-thirds.

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