Tuesday, February 21, 2012

Azure Power Announces Project Financing of $16 Million for Jayal Solar Power Project in Rajasthan, India - Deal Analysis from GlobalData

Summary

In July 2011, solar energy provider Azure Power (Rajasthan) Pvt. Ltd., a 100% subsidiary of Azure Power received a $16 million, 16.5 year long-term loan from the US Export-Import Bank for its five-MW solar PV project in Jayal, Rajasthan state of India. The loan supports the export of thin-film solar modules from First Solar Inc. and other US suppliers of related equipment for use in the project 

Azure Power has signed a Power Purchase Agreement (PPA) with NVVN (NTPC Vidyut Vyapar Nigam) to supply power at a rate of Rs. 11.94 per kilowatt-hour, under Phase 1 of the Jawaharlal Nehru National Solar Mission. The solar power plant is expected to be operational by December 2011.

Scope

- Scope Includes analysis of the deal rational, impact of the deal and an analysis on the companies involved in the deal

Reasons to buy

- The deal analysis details the factors that enabled Azure Power to secure funding for Jayal solar plant in Rajasthan. It helps readers understand: Key features of the deal
- Drivers that led to successful financing of the deal
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