Who We Are
Our mission is to be the lowest-cost power producer in the world. We sell renewable 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 project cost, which includes a significant decrease in balance of systems costs due in part to our value engineering, design and procurement efforts.
Azure Power was founded in 2008 with a vision of providing affordable solar power in an efficient, sustainable and socially responsible manner. We started our journey in 2009 by developing India’s first private utility scale solar plant, a 2 MW plant in a small village in Awan, Punjab and since then, in our journey spanning over a decade, we have grown rapidly to become one of the largest renewable power developers in the country with an ~7GW* pan-India portfolio. As a pure play renewable power company, with in-house engineering, procurement and construction expertise, as well as advanced inhouse operations and maintenance capabilities, we provide low-cost and reliable renewable power solutions to customers throughout India.
Azure Power is backed by several global marquee institutional and public investors like Caisse de dépôt et placement du Québec (CDPQ) and OMERS Infrastructure. Earlier in our journey, we also had marquee investment from development institutions like International Finance Corporation (IFC), Société de Promotion et de Participation pour la Coopération Économique (PROPARCO), and Netherlands Development Finance Company (FMO). We have the proud privilege of being the first Indian energy asset to be listed on the New York Stock Exchange (NYSE) and also list the first solar green bond out of India on the Singapore Stock Exchange (SGX).
Affordable solar power for generations
To be the lowest cost power producer in the world
We passionately challenge the status-quo by encouraging bold thinking, taking new initiatives and exploring unconventional ideas.
To us “Excellence” means standing out, striving for perfection in everything we do.
“Honesty” to us means sincerity, truthfulness, being fair & loyal with integrity.
We are committed to care for society and the environment through all our actions.