Azure Power
From Wikipedia, the free encyclopedia
 | |
| Company type | Public |
|---|---|
| OTC Pink: AZREF | |
| ISIN | MU0527S00004 |
| Industry | Solar energy |
| Founded | 2008 |
| Headquarters | , India[1] |
Area served | India |
Key people |
|
| Revenue | ₹12,958 million (US$171.9 million) (FY 2019-20) |
| ₹7,962 million (105.6 million) (FY 2019-20) | |
Number of employees | 656 (2019) |
Azure Power Global Limited is an Indian solar power company, headquartered in New Delhi, India. The company was founded in 2008 by Inderpreet Wadhwa. The company sells energy to government utilities, and independent industrial and commercial customers in India.[2]
The company was founded by Inderpreet Wadhwa in 2008.[3] Azure Power’s 2 MW Punjab facility was the first utility-scale solar power plant in India in 2009. Azure Power developed India's first utility scale solar project in 2009 in Awan, Punjab.[3] Azure Power has a total capacity of more than 7 GW.[4]
The project provides electricity to 32 villages 20,000 people in Awan, Punjab.[3] Azure Power has raised capital from investors like Foundation Capital, Helion Ventures, IFC and German development bank DEG.[citation needed] The company's largest shareholder is Caisse de dépôt et placement du Québec (also known as CDPQ), which owns over 50% of the shares outstanding.[5] Azure Power has a total capacity of over 7.2 GW across.[4]