SUBSCRIBE
PROFILE

Azure Power takes stock of its latest acquisitions

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Indian independent renewable energy producer Azure Power takes stock of its 2021 year, including its acquisitions of renewable assets.

Azure Power acquires more than 3GW of renewable energy in 2 months

Azure Power seeks and evaluates acquisition opportunities with the ambition of creating value.
To this end, on September 30, 2021, the company issued $414 million in green bonds.
In November 2021, the company signed an agreement to acquire 600 MW of solar farms from Solar Energy, with a further 2333 MW added in December.
In addition, the company received letters of award for a 120 MW wind project and two other 250 MW solar-wind hybrid projects.

Some ongoing disputes

At the same time, Azure Power is experiencing several favorable outcomes in certain disputes:

  • favorable decision for the 40 MW project in Karnataka.
    An appeal is pending;
  • favorable order for a 50 MW project in the same state;
  • Complaints concerning land acquisition and use in Rajasthan, Assam and Uttar Pradesh.

The company is working to strengthen its social, environmental and transparency policies.

  • Popular on energynews.pro
Brussels eases methane stance to secure gas imports
Caracas ends gas trade with Trinidad and Tobago after tanker seizure
Small modular reactor market to reach 912.5 MW by 2030
HASI and KKR inject additional $1bn into joint venture for sustainable infrastructure
Samsung C&T expands nuclear projects in Europe with Synthos Green Energy
Qair secures inaugural €240 million syndicated loan with ten international banks
French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
Xcel Energy launches $345mn bond buyback offer for its subsidiary NSPM
Xcel Energy initiates three public tender offers totalling $345mn on mortgage bonds issued by Northern States Power Company to optimise its long-term debt structure.
Umoyilanga hybrid project reaches major milestone with Dassiesridge plant commissioning
EDF power solutions' Umoyilanga energy project has entered provisional operation with the Dassiesridge wind plant, marking a key milestone in delivering dispatchable electricity to South Africa’s national grid.
JSW Energy targets $1.19bn capital raise to support its investment cycle through 2030
Indian group JSW Energy launches a combined promoter injection and institutional raise totalling $1.19bn, while appointing a new Chief Financial Officer to support its expansion plan through 2030.
Sembcorp acquires Alinta Energy for AU$6.5bn to enter Australian power market
Singapore’s Sembcorp Industries has entered the Australian energy market with the acquisition of Alinta Energy in a deal valued at AU$6.5bn ($4.3bn), including debt.
Potentia Energy secures $553mn financing to support its Australian portfolio
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.
Drax to invest up to £2bn to transform coal power station into data centre
Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.
EDF installs 180-tonne synchronous compensator in Guadeloupe to secure power grid
EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
NGE and AREC launch an energy network to shape Magna Porta
NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.
GEODIS and EDF sign deal to decarbonise global logistics chain
GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.
ExxonMobil cuts $10 billion from its low-carbon plans by 2030
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells 49% of its Pilbara power network to GIP for $2 billion
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
Chinese cleantech investments reshape the global industrial energy map
More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
Exxaro expands its energy assets and strengthens renewable capacity
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plenitude acquires ACEA Energia for €587mn and accelerates European growth
Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
ABB takes stake in OctaiPipe to optimise data centre operations
ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
Enbridge forecasts EBITDA up to CAD20.8bn for 2026 and raises dividend
Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
Axess Group signs strategic agreement with ARO Drilling in Saudi Arabia
Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
Eskom forecasts $937 million profit for 2026 fiscal year
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
Equans launches new entity for industries with complex processes
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.