Equity Funding and Strategic Update
The Solar Advantage in India
Azure's solar plants have high
availability
Seasonal Energy Curve
India-Demand
Summer
Monsoon
Peak
Low
Solar-Generation
Peak
Low
India's 100GW Solar Capacity Addition Roadmap
100GW Solar Target
4
CAGR: 43%
34
100
2015
Dec'2019
2022E
3.8
3.9
Other advantages
Electricity Usage per Capita (MWh)
12.8
I
US: ~14x > India!
China: ~5x > India !
4.3
Azure Power
~100 mn people without direct
power source
0.9
USA
China
India
Significant need for
new electricity
supply
Solar was
5
Strong
Government
and policy
support
54% of all
new FY19
capacity
additions
Tariff (US$/kWh)
Irradiation (kWh/m2)
5.1
4.8
4.7
4.2
3.8
Significant
amount of
solar resource
2
3
750
750GW of solar
potential in India
India
Spain
US
Australia
Italy
Solar is 8% of India's Installed Capacity
Thermal
63%
Nuclear
2%
Other
Renewable
4%
O
Hydro
13%
Wind
10%
Solar
8%
Solar is the
cheapest
source of
electricity
Significant
untapped
potential
(GW)
34
Solar
Wind
Coal
Spot
electricity
price
Gas
Diesel
â– Potential
Source: Central Electricity Authority (CEA), MNRE, World Bank, Reuters, Deloitte Industry Report; Solar and Wind tariffs are average for last 12 months
Exchange rate- INR71.45 to US$1 (New York buying rate of Dec 31, 2019)
Installed Capacity (Dec-19)
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