Investor Presentation

7,115(1) MW Committed Portfolio, 1,834 MWs Operational ~90%(2) in High Irradiation Zone Rajasthan (3,675 MW) 625 MW 3,050 MW ~6%(2) in Mid Irradiation Zone Punjab (214 MW) 214 MW BBB- & above 95% Uttar Pradesh (100 MW) Azure Power Focus on Strong Counterparty Credit ~95% of the portfolio is Investment Grade(4) Gujarat (270 MW) 100 MW Andhra Pradesh (200MW) 200 MW Maharashtra (7 MW) 7 MW Karnataka (250 MW) 250 MW Rooftop Project (167 MW) 154 MW 13 MW To be decided (2,000 MW) 2,000 MW(1) Operational Solar Capacity 100 MW Bihar (10 MW) 10 MW Chhattisgarh (30 MW) SECI 80% 30MW Telangana (100 MW) 100 MW Delhi (3 MW) 100 MW Assam (90 MW) Indian Railways & Gol Entities 1% DSO 113 Days 25 MW 65 MW Under Construction & Committed Solar Capacity NTPC 4% Others 5% State Electricity Boards 15% 85% of the portfolio is with Gol (sovereign) backed entities Others 205 Days Federal 59 Days ~60% of revenues are with Highest Rated Counterparties Category A States (4) 63 Days Rooftop Irradiation Zones (3)(kWh/m2/day): High >5.5 | Mid Between 5.5-4.5 | Mid Low 4.5-3.5 (1) 4,000 MWs of Committed Capacity has an LOA but has not yet received a PPA. (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 5

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