NEW DELHI--(BUSINESS WIRE)--Azure Power (NYSE: AZRE) one of India’s leading independent solar power producers has won the mandate to install first ever 2 MW rooftop solar project for Udaipur Smart City Limited (USCL). As per the mandate, Azure Roof Power will design, supply, install, commission and operate the grid connected rooftop solar PV project for 25 years at various Government buildings in Udaipur. The project is estimated to save 25% of USCL’s existing electricity cost.
Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 150 MWs of high quality, operating and committed solar assets across 20 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power has a well-diversified customer base with majority portfolio contracted with Government of India backed entities. Azure Roof Power customers include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways, a Delhi water utility company and various Government of India Ministries.
Speaking on the occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said “Rooftop solar forms an essential part of the smart cities development and serves as remedies to the growing infrastructural problems of India to build a smarter and more sustainable future. Azure Roof Power helps lower the energy costs of our customers and meet their greenhouse gas (GHG) emission reduction targets. In addition, Azure Roof Power provides roof owners with an assured stream of cash flows through lease rentals or revenue share. In 2013, we built the first MW scale rooftop project in Gandhinagar under the smart city initiative and recently we have worked on several smart city projects in Bhubaneshwar and Cuttack owing to our extensive experience in providing superior solar power operations.”
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