Investor Presentation
Azure Power: A Unique Opportunity
Azure represents a unique opportunity to invest in a leading solar power company in India with a track record of
execution and high growth
菇
Integrated
Business Model
Strong
Track Record
Ability
To Win
1,002(2)
Operating MW
CAGR: 102%
17
Mar '12
18-May
A Market Leading Business Today
14%
An industry leader with ~1.9 GW portfolio
25 year, fixed price PPAs with high-quality counterparties
Mar '16 Jan '18
Azure Implied Market Share (1)
Strong access to capital; Listed on NYSE and issued
$500 mn (coupon 5.5%) solar green bond in Aug 2017
✓ Founded in 2008 and developed India's first utility scale solar project in 2009
Note: All capacities are in MW.
1.
Implied share % calculated as Azure Incremental Capacity Won / Tendered Capacity participated.2. Includes recently announced wins
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