Recent 4 GW Project Win Is Value Accretive slide image

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 available
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