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Historical Plant Load Factor (PLF); Green Bonds Performance PLF: Azure Power Energy Limited (RG1) PLF: Azure Power Solar Energy Private Limited (RG2) 22.0% 27.0% 21.0% 21.0% 20.0% 20.1% 26.3% 25.0% 20.0% 23.0% 22.7% 21.0% 22.4% 25.5% 19.0% 18.0% 17.0% 17.0% 16.0% 21.0% 17.3% 17.2% 19.0% 15.9% 17.0% 20.1% 16.6% 15.0% 15.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 RG2 -FY'20 - RG2-FY'21 RG1 - FY'20 - RG1 - FY'21 25|Copyright © 2020 Azure Power |www.azurepower.com ® Azure PowerⓇ

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