Azure Power has submitted the lowest bid of INR3.14 (US$0.048) in a 250MW solar auction under the Domestic Content Requirement (DCR) held by Indian utility NTPC.
The largest solar park in the world at Kurnool in the Indian state of Andhra Pradesh, is due to be fully grid-synchronized tomorrow, making it the first ever solar park to reach 1GW.
India-based energy firm Azure Power Global has launched its IPO on the New York Stock Exchange offering 6.82 million equity shares priced between US$21 to US$23 per share.
Azure Power Global has filed an amended F-1 form with the US Securities and Exchange Commission (SEC) for its impending US IPO, with plans to raise around US$100 million.
Indian conglomerate Adani Group and solar developer Azure Power have both been awarded 50MW of capacity with winning bids of INR 4.78/kWh (US$0.07) in the 100MW solar auction in the Indian state of Uttar Pradesh.
