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  • Directorio de Eficiencia energética

Azure Power Taps IBRD(World Bank) Loan to Scale its Azure Roof Power Platform.

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Azure Power , a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank for scaling its Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform.

Speaking on this occasion, Inderpreet Wadhwa, Chairman, and Chief Executive Officer, Azure Power said, “We are pleased to announce our partnership with SBI and World Bank which will enable us lower the energy bills of our customers by providing clean and sustainable solar energy. We are excited to expand our Azure Roof Power platform in India with the support of SBI and World Bank.”

Under the SBI-World Bank: Grid Connected Rooftop Solar PV Program, the World Bank and the International Bank for Reconstruction and Development (IBRD) approved a line of credit of $625 million to support the Government of India’s goal to expand rooftop solar to 40,000 MWs.

Investment & Trading | News published on 16 / 06 / 2017 by Rashmi Nargundkar

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Growing the Azure Roof Power Platform would solve many problems which the government is currently facing. Although, I guess that the thing which is required is it's maintenance above everything else.
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Thank you energitica for sharing that Azure power taps IBRD will soon loan to scale its Azure Roof Power Platform and the mortgages over here with us. Azure is indeed an excellent leading solar power producer.
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