Recent 4 GW Project Win Is Value Accretive
7,115(1) MW Committed Portfolio, 1,808 MWs Operational
~90% (2) in High Irradiation Zone
~6%(2) in Mid Irradiation Zone
Focus on Strong Counterparty Credit
Rajasthan (3,675 MW)
475 MW
3,200 MW
Gujarat (270 MW)
270 MW
Andhra Pradesh
(200 MW)
200 MW
Maharashtra (7 MW)
7 MW
Karnataka (250MW)
250 MW
Irradiation
Zones (3)(kWh/m2/day)
High >5.5
Mid Between 5.5-4.5
Mid Low 4.5-3.5
Punjab (214 MW)
214 MW
Uttar Pradesh (100 MW)
BBB- & above
95%
100 MW
Bihar (10 MW)
10 MW
Chhattisgarh (30 MW)
30 MW
Telangana (100 MW)
100 MW
SECI
80%
To be decided (2,000
2,000 MW(1)
Indian Railways &
Delhi (2 MW)
Gol Entities
1%
NTPC 4%
2 MW
Rooftop projects (167 MW)
Assam (90 MW)
150 MW
90 MW
17 MW
Ground Mount
DSO 122 Days
Others
205 Days
Operational Solar Capacity
Under Construction & Committed Solar Capacity
Category
A States (4)
63 Days
Others
5%
Azure Power
~95% of the portfolio
is Investment Grade(4)
State Electricity
Boards
15%
85% of the portfolio is
with Gol (sovereign)
backed entities
Federal
74 Days
~60% of revenues are
with Highest Rated
Counterparties
Rooftop
(1) 2,000 MWs of Committed Capacity is a greenshoe option that has been exercised by the company as part of an auction that was won but this capacity has yet to receive a Letter of Award (2)
For ground mounted project (3) National Renewable Energy Laboratory (4) Considered Integrated Rating Report by Ministry of Power, Gol, wherever Credit Rating is not availableView entire presentation