{"id":409440,"date":"2021-04-06T11:04:19","date_gmt":"2021-04-06T05:34:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409440"},"modified":"2021-04-06T11:57:29","modified_gmt":"2021-04-06T06:27:29","slug":"azure-sells-rooftop-solar-business-for-rs-537-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/azure-sells-rooftop-solar-business-for-rs-537-crore\/","title":{"rendered":"Azure sells rooftop solar business for Rs 537 crore"},"content":{"rendered":"<p>Azure Power Global has signed a binding agreement to sell its solar rooftop portfolio to Radiance Renewables for Rs 536.5 crore. The company, which is listed on the New York Stock Exchange, expects to receive the proceeds from the sale before December 31, 2021. <\/p>\n<p>Azure\u2019s 167 megawatts (MW) rooftop solar capacity includes 151 MW of installed and 16 MW of under-construction projects. \u201cThis sale, the first-ever asset sale in Azure Power\u2019s history, illustrates the company\u2019s commitment to capital discipline,\u201d Ranjit Gupta, chief executive officer, Azure Power said. Out of Azure\u2019s pan-India solar portfolio of 6.9 gigawatts (GW), 2 GW are operational and 0.9 GW are under construction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Azure Power Global has signed a binding agreement to sell its solar rooftop portfolio to Radiance Renewables for Rs 536.5 crore. The company, which is listed on the New York Stock Exchange, expects to receive the proceeds from the sale before December 31, 2021. Azure\u2019s 167 megawatts (MW) rooftop solar capacity includes 151 MW of installed and 16 MW of under-construction projects. \u201cThis sale, the first-ever asset sale in Azure Power\u2019s history, illustrates the company\u2019s commitment to capital discipline,\u201d Ranjit Gupta, chief executive officer, Azure Power said. Out of Azure\u2019s pan-India solar portfolio of 6.9 gigawatts (GW), 2 GW are [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-409440","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=409440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}