Investment Overview

Who We Are

Azure Power Global Limited (“APGL”) is one of India’s leading utility-scale renewable energy developers and operators. We build, own, and operate large grid-scale renewable energy projects that supply clean power to India’s national grid.

We pioneered India’s first utility-scale solar project in 2009 and have since scaled significantly, establishing a strong presence across the country’s renewable energy landscape.

Our Portfolio

As of March 31, 2025, our operational portfolio comprises:

3,041 MW total operational capacity
  • Presence across 12 Indian states and 1 Union Territory
  • Includes 93 MW rooftop portfolio and 2 MW Union Territory capacity

Our assets are strategically diversified across geographies, ensuring operational resilience and consistent performance.

Our Business Model

A key strength of our portfolio is the high quality of our counterparties:

62%+ of operational capacity tied to Central Government-backed entities (including SECI and NTPC)

We generate and supply renewable energy under long-term Power Purchase Agreements (PPAs), typically spanning 25 years, ensuring predictable and stable revenue streams.

  • Remaining capacity contracted with state utilities and other entities

This diversified and creditworthy off-taker base underpins the stability of our business.

Performance Highlights (FY 2025)

Highlighting measurable results and strategic progress for the current period.

5,953 million units of clean energy generated
  • Strong operational efficiency across all assets
  • 100% portfolio currently solar based

Operational Footprint

Our ground-mounted solar portfolio spans multiple high-resource states across India.

4.1 GW* RENEWABLE ENERGY PROJECTS ACROSS INDIA

Delivering Clean, Reliable & Affordable Solar Power Across India

India Map
Rajasthan : 1675 MW
Gujarat : 270 MW
Karnataka : 250 MW
Punjab : 214 MW
Andhra Pradesh : 200 MW
Telangana : 100 MW
Uttar Pradesh : 100 MW
Assam : 90 MW
Chhattisgarh : 30 MW
Bihar : 10 MW
Maharashtra : 7 MW

Over 4.1 GWs* Portfolio is
spread across India

Rajasthan 1675 MW
Gujarat 270 MW
Karnataka 250 MW
Punjab 214 MW
Andhra Pradesh 200 MW
Telangana 100 MW
Uttar Pradesh 100 MW
Assam 90 MW
Chhattisgarh 30 MW
Bihar 10 MW
Maharashtra 7 MW
Contracted & Awarded (LOA issued + PPA signed) 1087 MW**

Growth Strategy

While solar remains our core strength, we are focused on expanding and diversifying our renewable portfolio by exploring:

  • Wind energy
  • Hybrid projects
  • Energy storage solutions

"Our long-term goal is to remain a leader in India’s renewable energy transition while delivering sustainable value to stakeholders."