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About Company

Our mission is to be the lowest-cost power producer in the world. We sell solar power in India on long-term fixed price contracts to our customers, at prices which in many cases are at or below prevailing alternatives for these customers. Since inception, we have achieved a substantial reduction in total solar project cost, which includes a significant decrease in balance of systems costs due in part to our value engineering, design and procurement efforts.

SOLAR Delivered

We developed India's first utility scale solar power project in 2009. Since then, we lowered levelized cost of energy through value engineering, operational research and efficient financial strategy to deliver cost-efficient energy for our customers. Our electricity prices are insulated from the volatility of commodity prices. We also guarantee the electricity production of our solar power plants to our customers.

Market Leadership We have a first mover advantage from the construction of India's first private utility scale solar photovoltaic power plant in 2009 as well as the implementation of the first megawatt scale rooftop smart city initiative in 2013. Additionally, our strong track record in policy and project development across utility scale, commercial rooftop and micro-grids projects has helped us gain a leading market share in India.

Reliable and Scalable As the first developer and operator of utility scale solar assets in India, we believe that we are a well-established brand that has grown alongside the rapidly growing Indian solar market since 2009. We have proven to be a reliable developer with successful and expedient execution of our development pipeline. We believe we have become one of the largest solar developers and operators in India.

In-house EPC and O&M expertise Our in-house EPC capabilities enhance our ability to be flexible with our choice of technology, which allows us to choose high quality equipment while optimizing the combination of total solar project cost and yield. Our in-house O&M capabilities maximize project yield and performance through proprietary system monitoring and adjustments. With the continual innovation in our EPC and O&M capabilities, we are able to offer cost-efficient solutions to all our customers.

Superior Technical and Execution Capabilities We have developed proprietary systems that significantly reduce the time it takes to design, finance, commission, operate and maintain projects. Our lean and efficient execution expertise facilitates completion of our plants ahead of contracted completion dates, enables us to easily scale our operations without significant increases to headcount, and allows us to construct several projects in parallel without compromising on efficiency.

Long Term Community Support We partner with local communities when we embark on a new project. We hire from local communities and generally lease land that has few alternative uses, providing local communities with a stream of discretionary cash flow without displacing alternative businesses. As a result we are able to build long term community relationships, which allows us to improve our time of completion. Economic development also drives local power demand.

Strong Management Our strong management team has proven execution capabilities globally. Our senior leadership team and board of directors include widely recognized experts in solar energy, energy finance and public policy, with track records of building successful businesses.

The Facts

  • Company founded by Inderpreet Wadhwa in 2008
  • Installed India’s first private Utility scale solar project in 2009
  • Installed India’s first distributed MW scale solar rooftop project in 2013
  • Largest operational portfolio under National Solar Mission1
  • Portfolio of over 1 GW under various stages in 15 states1
  • 700+ Rooftops covered across 11 states1
  • As on December 31st 2016

Leadership

Our senior leadership team and board of directors include widely recognized experts in solar energy, energy finance and public policy, with track records of building successful businesses.

Board of Directors

  • Inderpreet S Wadhwa

    Director and Chief Executive Officer

  • H. S. Wadhwa

    Director and Chief Operating Officer

  • Robert Kelly

    Director

  • Arno Harris

    Director

  • William B. Elmore

    Director

  • Sanjeev Aggarwal

    Director

  • Barney Rush

    Director

  • Cyril Cabanes

    Director

Management Team

  • Preet Sandhu

    Senior Vice President - Construction

  • Surendra Kumar Gupta

    Chief Financial Officer

  • Glen Minyard

    Senior Vice President - Research & Development

  • Sandeep Chopra

    Head - Supply Chain Management

  • Mohor Sen

    Senior Vice President - Human Resource

  • Shankar Kumar

    Head - Design, Engineering and Operations

  • Samitla Subba

    Head - Marketing

Executive Bios

Inderpreet S Wadhwa

Director and Chief Executive Officer

Inderpreet Wadhwa is one of the most prominent thought leaders in the Indian solar industry. A renewable energy enthusiast with more than 20 years of experience in technology and infrastructure businesses, Inderpreet founded Azure Power in 2008. Through his work, he strives to have a direct and positive social impact in terms of improving the quality of life in rural India.

Prior to founding Azure Power, Inderpreet served as a vice president of Loyalty Lab and as a senior director of Oracle Corporation. Additionally, Inderpreet has been a member of the Private Sector Advisory Group (PSAG) to the Green Climate Fund (GCF). Inderpreet received his bachelor’s degree in electronics engineering in 1994 from Guru Nanak Dev University, Punjab, India. He also graduated from Haas School of Business at University of California Berkeley in 2002.

H. S. Wadhwa

Director and Chief Operating Officer

Mr. Wadhwa focuses on government relationships and the internal operations of the Company. He is an ex-Chief Managing Director of India’s largest public insurance organization. Mr. Wadhwa has over 40 years of experience in the financial services industry in India. He served and/or serves on several boards including General Insurance, India International, Loss Prevention Association and has strong experience of regulatory framework in India. Mr. Wadhwa has excellent operations and management skills. Mr. Wadhwa earned his Bachelor of Arts degree from Punjab University, India.

Robert Kelly

Director

From October 2011 to August 2014, Robert Kelly served as the chief financial officer of SolarCity Corporation in San Mateo, California. From August 2009 to October 2011, he served as chief financial officer of Calera Corporation, a clean technology company. Prior to that, he served as an independent consultant providing financial advice to retail energy providers and power developers and also served in various senior leadership roles at Westinghouse Credit Corporation, Lloyds Bank and The Bank of Nova Scotia. Mr. Kelly served as chief financial officer and executive vice president of Calpine Corporation, an independent power producer, from March 2002 to November 2005, as president of Calpine Finance Company from March 2001 to November 2005, and held various financial management roles with Calpine from 1991 to 2001. Mr. Kelly is also a member of the board of directors of Solar Mosaic Inc., a U.S. residential solar lending platform, and Solix Biosystems, Inc., a specialty algae products company. He holds a Bachelor’s degree in Commerce from Memorial University of Newfoundland and an MBA from Dalhousie University, Canada.

Arno Harris

Director

Arno Harris founded Recurrent Energy, one of North America’s largest solar project developers, in 2006. He is a former founder and CEO of Prevalent Power, Inc. and played a key role in starting various companies including RedEnvelope, WineShopper.com and Novo Media Group, Inc. Mr Harris serves as a board member of Advanced Energy Economy Institute, board member emeritus and former board chair of the Solar Energy Industry Association. Mr Harris chairs the Leadership Council of Tipping Point, a grant-making organization dedicated to making poverty preventable and serves as an appointee to the Proposition 39 Citizens Oversight Board. Mr. Harris is a graduate of UC Berkeley.

William B. Elmore

Director

William B. Elmore co-founded Foundation Capital in 1995. He is a former director and past president of the Western Association for Venture Capitalists, and a past director of the National Venture Capital Association. Mr. Elmore has served on the Advisory Council at Stanford Graduate School of Business and is a board member of the Eastside College Preparatory School and Purdue Research Foundation. Mr. Elmore holds a Bachelor of Science in Electrical Engineering and a Master of Science in Electrical Engineering from Purdue University and an MBA from the Stanford Graduate School of Business.

Sanjeev Aggarwal

Director

Sanjeev Aggarwal is a co-founder of Helion Venture Partners and has served on the boards of Amba Research, MakeMyTrip Limited and UnitedLex Corporation. He is currently on the boards of IndiaHomes, Eye-Q Vision Private Limited, Clues Networks Inc. and Big Basket. Prior to Helion Venture Partners, Mr. Aggarwal was the founder and chief executive officer of Daksh. Earlier, he worked for 15 years with leading technology companies serving the domestic Indian market. Mr. Aggarwal led the strategic initiatives at Motorola India and has worked with Digital Equipment Corporation in delivering technology solutions. He has also served as the chief executive officer of 3COM India.

Barney Rush

Director

Since 2013, Barney S. Rush has served on the board of ISO – New England, the electric grid and wholesale market operator for six U.S. states. Since November 2015, Mr Rush has also been the Senior Representative of Fieldstone Africa, an investment bank raising capital for power projects in Africa. From July 2010 to December 2013, he served as an Operating Partner at Denham Capital Management, L.P., and from July 2003 to November 2009, he served as the CEO of H2Gen Innovations, Inc., a venture capital backed start-up which developed and manufactured skid-mounted hydrogen generators. In addition, Mr. Rush was Group CEO of Mirant Europe from August 1999 to May 2002, and Chairman of the Supervisory Board of Bewag, the electric utility serving Berlin, Germany, from December 1997 to March 2002. Mr. Rush holds a Bachelor’s degree in Social Studies from Harvard College and a Master’s degree in Public Affairs from Woodrow Wilson School of Princeton University.

Cyril Cabanes

Director

Cyril Cabanes is the Vice-President, Head of Infrastructure Transactions, Asia-Pacific at Caisse de dépôt et placement du Québec (CDPQ). He has over 19 years of experience across all facets of infrastructure transactions including acquisitions, financing and fundraising. This includes his term at Marubeni Corp., where he led the Asian IPP investment team in Singapore. Previously, Cyril was Director and Portfolio Manager at Deutsche Bank, where he was responsible for acquisitions, capital raising and product development for Asia-Pacific. Prior to that, Cyril spent 10 years in investment banking and financial markets with RBS, BNP Paribas and UBS. Cyril holds a Masters from ESCP-Europe and an MBA from Drexel University.

Preet Sandhu

Senior Vice President - Construction

Preet Sandhu has been the senior vice president of construction of Azure Power since February 2010. Mr. Sandhu has over 19 years of experience in civil construction and project development in regulated sectors in India with expertise in transportation, energy and land development. Mr. Sandhu manages engineering and construction for Azure’s projects.

Surendra Kumar Gupta

Chief Financial Officer

As chief financial officer, Surendra Kumar Gupta plays a key role in evaluating new business proposals from a cost-benefit standpoint. His responsibilities include conceiving new regulatory systems and putting them into effect as well as strengthening existing control measures.

Mr. Gupta has over 36 years of overseas and domestic experience, including in strategic business planning, corporate finance, managing capital raises, and ERP implementation. Prior to joining Azure Power India, Mr. Gupta was the group chief financial officer for Al-Suwaidi Holding Company, a provider of operations and maintenance services to Saudi Arabia’s oil and gas industry. He has also worked for large manufacturing enterprises.

Mr. Gupta received his bachelor’s degree in commerce from Delhi University. A qualified chartered Accountant, he has been a member of the Institute of Chartered Accountants of India since 1977.

Glen Minyard

Senior Vice President - Research & Development

Glen Minyard has been senior vice president overseeing research and development since September 2010. Glen has 30+ years of experience in design and construction of more than 5,000 photovoltaic (PV) power plants globally. He has overseen the installation of a wide range of residential and large-scale commercial power systems – photovoltaic, wind, and hybrid electrical.Previously, Glen was the president of Minyard Solar Electric, Willits, CA. Before that he managed engineering and production at National Renewable Energy Laboratory, Golden, Colorado.

Glen is a recognized thought leader in PV system design, specializing in solar electric equipment for remote homes, telecom and large industries. Glen holds an associate degree in electronic technology from College of the Redwoods, California and is a Certified CA electrical contractor.

Sandeep Chopra

Head - Supply Chain Management

Since being named as head of strategy and supply chain management in May 2013, Sandeep Chopra has been responsible for change management on large projects and process re-engineering, among other things. Sandeep has more than 15 years of experience in process re-engineering, project management and finance

Previously Sandeep worked with HSBC, where he had responsibility for driving change management in the finance function, including in their finance offshoring center in India. In this role, he managed large service delivery teams and helped set up centers of excellence. Before that, Sandeep held a variety of roles in the assurance practices at Arthur Andersen, Ernst & Young, and PricewaterhouseCoopers.

Sandeep is an alumnus of Harvard Business School. He is a chartered accountant and member of the Institute of Chartered Accountants of India.

Mohor Sen

Senior Vice President - Human Resource

Mohor has over 35 years of experience working and consulting for large corporates in areas including project management, human resources, organizational development and people strategy.

Prior to Azure Power, he has been associated with global players such as KTI-Technip, Arthur Andersen, HCL Technologies, Sapient, and Geopetrol International. His passion lies in building organizations from the ground up.

Mohor is a graduate from the Indian Institute of Technology (IIT) Delhi and has a postgraduate degree from the University of Manchester, UK.

Shankar Kumar

Head - Design, Engineering and Operations

Shankar is responsible for design, engineering and operations at Azure Power. Under his leadership, more than 500 MW of solar PV power plants have been developed with innovative designs and operated near real time under the patent pending National Operating Control Center. Shankar is an engineering graduate from Sikkim Manipal Institute of Technology.

Samitla Subba

Head - Marketing

Samitla serves as the marketing head at Azure Power and focusses on Branding, Communications, Media and Investor Relations. Prior to Azure Power, she worked with Northern Trust as Financial Analyst. She is a management graduate from Indian Institute of Management, Lucknow.

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Azure Power Announces ISO Certification Press Release 29 Dec, 2016 pdf icon
Azure Power Wins 50 MW Solar Power Project under SECI Auction Press Release 23 Dec, 2016 pdf icon
Azure Power(s) Delhi Metro Rail Corporation Rooftops with Solar Energy Press Release 20 Dec, 2016 pdf icon
Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh Press Release 1 Dec, 2016 pdf icon
Azure Power Announces Results for Second Fiscal Quarter 2017 Press Release 22 Nov, 2016 pdf icon
Azure Power to Announce Results for Second Fiscal Quarter 2017, on November 22, 2016 Press Release 15 Nov, 2016 pdf icon
Azure Power Announces Tie-up of US$ 470 Million Financing Press Release 7 Nov, 2016 pdf icon
Azure Power Global Limited Announces Pricing of its Initial Public Offering Press Release 12 Oct, 2016 pdf icon
Azure Power ties up for a unique rooftop financing facility with OPIC Press Release 4 Oct, 2016 pdf icon
Azure Power Global Limited Announces Launch of its Initial Public Offering Press Release 22 Sep, 2016 pdf icon
Azure Power Inaugurates 10 MW Solar Rooftop Project in Punjab Press Release 27 Jul, 2016 pdf icon
Azure Power inaugurates 28 MW solar power plant in Punjab; simultaneously lays the foundation for another 150 MW solar power project Press Release 3 Jun, 2016 pdf icon
Arno Harris Joins Azure Power Board Press Release 17 May, 2016 pdf icon
Azure Power commissions four new solar plants across three different states Press Release 5 May, 2016 pdf icon
15 startups that appear best placed to enter the $1-billion valuation club In News 4 Jan, 2016
Investors look to India as the next solar power In News 4 Jan, 2016
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Financing India’s renewables revolution In News 29 Dec, 2015
An Indian Solar Company Charges Ahead In a Hard Market In News 23 Dec, 2015
Azure Power Wins Projects with 100 MW Solar Power Capacity under NTPC auction Press Release 23 Dec, 2015 pdf icon
A Good Way To Play The Secular Growth Of The India Solar Market In News 22 Dec, 2015
Azure Power files registration statement with SEC Press Release 18 Dec, 2015 pdf icon
IFC & Azure Power open London trading to celebrate IFC green bond listing In News 11 Dec, 2015
Azure Power Signs 150 MW Project in Punjab Press Release 4 Dec, 2015 pdf icon
Now solar power will illuminate border outposts at Jaisalmer Press Release 25 Nov, 2015 pdf icon
Azure Power Commissions 30 MW Capacity Plant in Durg, Chhattisgarh Press Release 28 Aug, 2015 pdf icon
Azure Power commissions ‘The First large Scale Solar Power Plant’ under the Chhattisgarh State Policy Press Release 1 Jun, 2015 pdf icon
Solar Power Will Become Cheaper Than Coal By 2017 In News 15 May, 2015
Azure Power commissions largest Solar Power Plant (100MW) under India’s National Solar Mission Press Release 14 May, 2015 pdf icon
Azure Power commissions ‘The First Large Scale Solar Plant’ under the UP Solar Policy Press Release 2 Feb, 2015 pdf icon
Robert Kelly and Diane Farrell Join Azure Power Board as Directors Press Release 15 Jan, 2015 pdf icon
Azure Power signs MoU with Gujarat Energy Research and Management Institute (GERMI) to launch the ‘National Certification Programme’ for high quality Rooftop Solar PV Systems Press Release 12 Jan, 2015 pdf icon
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Azure Power signs 1000 MW solar power project MOU with Rajasthan Press Release 21 Dec, 2014 pdf icon
Sukhbir, Majithia inaugurate solar power plant worth Rs 350 crore In News 1 Nov, 2014
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Azure Power to raise its Solar Power Capacity In News 27 Dec, 2010
India unveils 37 National Solar Mission project winners In News 16 Dec, 2010
U.S. Pushes India to Lift Solar Import Restrictions In News 15 Dec, 2010
India tipped to allow foreign PV cells, despite opposition In News 3 Dec, 2010
Powering up on renewable energy In News 5 Nov, 2010
Azure Power in pact with US agency for solar project In News 27 Oct, 2010
Leaderspeak In News 29 Sep, 2010
Glen Minyard accepts vice president position for Azure Power In News 15 Sep, 2010
Solar firms can offload 74% stake In News 14 Sep, 2010
Azure to build 100-Mw solar power capacity In News 13 Sep, 2010
Azure Power plans Rs. 300-cr investment In News 10 Sep, 2010
Azure Power to invest Rs 1.5k cr in solar projects In News 9 Sep, 2010
Punjab to have country’s first private grid-connected solar plant In News 31 Jul, 2010
India’s Azure Power plans 100 MW solar projects In News 19 May, 2010
Azure Power signs agreement with SMA Solar Tech In News 30 Apr, 2010
Solar developer Azure Power forms inverter supply agreement with SMA for India expansion In News 29 Apr, 2010
Inderpreet Wadhwa, Founder, Azure Power In News 24 Apr, 2010
Setting up of the Clean Energy Fund is a good thing for the industry:Inderpreet Wadhwa In News 26 Feb, 2010
Azure’s Wadhwa on Solar Sops In News 26 Feb, 2010
Azure Power plans 12 Mw solar plant in state In News 23 Feb, 2010
Azure plans 2 solar plants in Karnataka In News 19 Feb, 2010
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India Makes Push for Solar Power In News 16 Dec, 2009
A new place in the sun In News 9 Dec, 2009
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  • Bloomberg TV: Inderpreet Wadhwa on FM Pitch

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  • Power News Talk Show

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  • Geared for Growth – Part I

  • Geared for Growth – Part II

  • Geared for Growth – A Channel NewsAsia Report – III

  • Azure Power forays into Rooftop Solar Power Generation

  • CNBC YOUNG TURK.wmv

  • Azure Power inaugurates largest solar power plant in the country

  • Narendra Modi unveils 10MW solar power plant of Azure Power

  • Inderpreet Wadhwa’s insight on Azure Power and OPIC collaboration.wmv

  • HS Wadhwa Interview @ Your world at 10-CNBC.wmv

  • Azure Power_ETV Gujarati_11 Nov

  • Building sustainable infrastructure with inclusive growth: Inderpreet Singh Wadhwa at TEDxLeh

  • Azure Power_Zee Business_Power News

We want to hear from you

Whether you have a question to ask, want to check if we can help reduce your electricity bill or build a career with us, reach out to us and we will get back to you.

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