Azure Power Announces Project Financing of $16 Million for
Jayal Solar Power Project in Rajasthan, India - Deal Analysis
from GlobalData
Reference Code: GDAE0114M&A Publication Date: December 2011
1 Table of Contents
1 Table of Contents.................................................................1
1.1 List of Tables .................................................................1
2 Summary .............................................................................2
3 Azure Power Announces Project Financing of $16 Million for
Jayal Solar Power Project in Rajasthan, India .....................2
3.1 Deal Overview ...............................................................2
3.2 Deal in Brief ...................................................................2
3.3 Comparable Deals.........................................................2
3.4 Key Drivers of the Deal .................................................2
3.4.1 Lucrative loan terms and conditions .....................2
3.4.2 Proven Expertise in Solar Project Development...2
3.4.3 Capitalizing on India’s Booming Solar Market ......3
3.5 About the Companies ....................................................3
3.5.1 Azure Power (Rajasthan) Pvt. Ltd. .......................3
3.5.2 Export-Import Bank of the United States ..............3
3.5.3 First Solar, Inc. .....................................................3
4 Appendix ..............................................................................3
4.1 Abbreviations.................................................................3
4.2 Methodology ..................................................................3
4.2.1 Coverage..............................................................3
4.2.2 Secondary Research ............................................3
4.2.3 Primary Research ................................................4
4.2.4 Modeling and Forecasting ....................................4
4.3 Contact Us.....................................................................4
4.4 Disclaimer......................................................................4
1.1 List of Tables
Table 1: Comparable Deals ....................................................2
Table 2: Abbreviations ............................................................3
GDAE0114M&A / DEC 2011/ Page 1
Azure Power Announces Project Financing of $16 Million for Jayal Solar
Power Project in Rajasthan, India © GlobalData. This report is a licensed product and is not to be copied, reproduced,
shared or resold in any form
enables us to deploy the best-in-class US technology to meet
India's clean-energy objectives under the National Solar
2 Summary Mission, specifically the goal of reaching grid parity."
SummaryIn July 2011, solar energy provider Azure Power
(Rajasthan) Pvt. Ltd., a 100% subsidiary of Azure Power 3.3 Comparable Deals
received a $16 million, 16.5 year long-term loan from the US
Table 1: Comparable Deals
Export-Import Bank for its five-MW solar PV project in Jayal,
Rajasthan state of India. The loan supports the export of thin- Announced Deal
Headline
Date Value($m)
film solar modules from First Solar Inc. and other US suppliers
of related equipment for use in the project Sunborne Energy Completes Project
10-Nov- Financing of $25 Million in Solar
25.00
Azure Power has signed a Power Purchase Agreement (PPA) 2011 Thermal Power Plant in Andhra
Pradesh, India
with NVVN (NTPC Vidyut Vyapar Nigam) to supply power at a
rate of Rs. 11.94 per kilowatt-hour, under Phase 1 of the Tatith Energies Completes Project
30-Sep-2011 Financing of $18.9 Million for Solar PV 18.90
Jawaharlal Nehru National Solar Mission. The solar power plant Power Project in Gujarat, India
is expected to be operational by December 2011.
WBGEDC Completes Project
25-Jul- Financing of $21 Million in Biomass
3 Azure Power Announ