Wired News – Azure Power Global to Expand Electrification to 152 Schools Across Six States in India

Stock Monitor: American Electric Power Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free research report on Azure Power Global Ltd (NYSE: AZRE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AZRE as the Company’s latest news hit the wire. On January 26, 2018, the Company announced that it has won a 11.35 megawatts (MWs) solar rooftop power project. The solar rooftops will be spread across 152 schools and six states in India, including Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Chhattisgarh, and Kerala. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for American Electric Power Company, Inc. (NYSE: AEP), which also belongs to the Utilities sector as the Company Azure Power Global. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Azure Power Global most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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The Company will sign the power purchase agreement with Navodaya Vidyalaya Samiti, an autonomous body under Ministry of Human Resource Development, Government of India. Azure Power qualifies for a capital incentive from Navodaya Vidyalaya Samiti, which is expected to result in a weighted average levelized tariff of INR 4.97 (~US cents 7.7) per kWh.

Azure Power’s Recent Project to Electrify Government Buildings of Udaipur Smart City

On January 24, 2018, the Company won the mandate to install the first ever 2 MW rooftop solar project for Udaipur Smart City Limited (USCL). As per the mandate, Azure Roof Power would design, supply, install, commission, and operate the grid connected rooftop solar PV project for 25 years at various Government buildings in Udaipur, in the state of Rajasthan in western India.

Solar Power Projects Won in 2017

In November 2017, the Company announced its foray into rural electrification through mini and micro grids in the eastern state of Jharkhand, India. Azure Power won a project to electrify 320 households across 11 villages through development of mini and micro grids.

Azure Power won a 250 MW solar project in an auction conducted by NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of the Government of India’s largest power utility, National Thermal Power Corporation (NTPC), in October 2017.

In September 2017, the Company won a 260 MW solar project in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). The Company also won a 50 MW solar project in an auction conducted by Solar Energy Corporation of India (SECI), a company of the Ministry of New and Renewable Energy, Government of India.

In March 2017, Azure Power won a 46 MWs of solar rooftop projects across eleven states pan India for Indian Railways, owned and operated by the Government of India through the Ministry of Railways. The Company won an additional 20 MWs of solar rooftop projects for Indian Railways in September 2017.

About Azure Roof Power

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. With over 150 MWs of high quality, operating and committed solar assets across 20 states, it has one of the largest rooftop portfolios in the country. Azure Roof Power’s customer base includes Government of India backed entities, 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.

About Azure Power Global Ltd

Founded in 2008, Azure Power Global is a leading independent power producer and developer of solar energy with the mission to be the lowest-cost power producer in the world. The Company, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. Azure Power Global is based in New Delhi, India.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Azure Power Global’s stock slightly fell 0.30%, ending the trading session at $16.50.

Volume traded for the day: 4.37 thousand shares.

Stock performance in the last month – up 19.31%; previous three-month period – up 7.07%; past six-month period – up 5.36%; and year-to-date – up 16.20%

After yesterday’s close, Azure Power Global’s market cap was at $425.87 million.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry.

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