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Azure Power Ties Up $470 Million Funding For Projects

Azure Power said it intends to use the proceeds to continue development of solar power plants in India.
Azure Power said it intends to use the proceeds to continue development of solar power plants in India.
New Delhi: Solar energy firm Azure Power on Monday announced that it has tied up approximately $470 million financing for its projects to be commissioned in 2017. "This is one of the largest financing done till date in the Indian solar sector. With this tie-up Azure Power's cumulative financial commitment to the solar sector in India has crossed over $1 billion," Azure Power said in a release. The company tied up approximately $309...
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