Equity Funding and Strategic Update slide image

Equity Funding and Strategic Update

9 Months YTD FY'20 Key Performance Metrics XX EA P US$ 130m Revenue 31% increase (1) 1,804 MW Operating 7,115 MW Operating & Committed# 133% increase (1) US$ 0.45 Mn Project Cost/MW (DC) 28% reduction (2,3) 54% increase (1) • 635 MWs Commissioned since Q3 2019 . LOA awaited for 2 GW • 363 MWs commissioned since March 2019 . 111 MWs are under construction • AC cost per MW US$ 0.61 mn for YTD FY'20 (3) • 6 MWs Commissioned in Q3 FY20 . 5,200 MWs are committed • AC cost per MW US$ 0.70 mn for YTD FY'19 • DC cost per MW US$ 0.64 mn for YTD FY'19 US$ 43 million for Q3 FY 20 1. Increase/Reduction is over figure for December 2018. 2. Compares to YTD FY'19. 3. Excludes the impact of Safe Guard Duties (SGD). Including SGD, the AC cost would have been higher by US$ 0.06mn/MW and DC cost would have been $0.04mn/MW higher in YTD FY'20 # Excludes 150 MWs for which the company has received court approval to exit after December 31, 2019 related to a groundmount project. 19 Copyright © 2020 Azure Power |www.azurepower.com Azure PowerⓇ
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