Azure power refinances its 600 mws ists connected solar project at the lowest rate of interest in its portfolio to date

New delhi, feb. 22, 2022 /prnewswire/ -- azure power (nyse: azre), a leading independent sustainable energy solutions provider and power producer in india, today announced successful refinancing of its existing project finance facility of inr 23.50 billion (~usd 313 million) utilized towards construction of its largest project – 600 mws interstate transmission system (ists) connected solar project implemented by azure power forty three pvt ltd, a special purpose vehicle (spv). the project was fully commissioned recently in december 2021.
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