Categories: News

Azure’s rooftop solar India project financed by IFC

Azure’s rooftop solar project in Gujarat is going to be financed by IFC. Established in 1956, the International Finance Corporation (IFC) is an international financial institution that encourages private sector development in developing countries.

The project will help in offsetting 3,600 tons of carbon emissions per year.

The company is constructing a 2.5 megawatt rooftop solar project in Gandhinagar that will be connected to the state electricity grid.

“With this, Azure Power has forayed into distributed solar power generation. We are committed to driving down cost of energy for end consumers,” Azure Power’s Chief Executive Officer Inderpreet S Wadhwa said.

Recently Azure Power India Pvt. and Solairedirect SA were also among the winners of licenses to build a total of 250 megawatts of solar power in Punjab.

“The project will assist the state in introducing public-private participation to generate green energy at the household level. The project supports reduction in greenhouse gas emissions,” IFC Infrastructure Director for Asia Anita George said.

Azure Power is India’s leading independent solar power producer and has several projects operating under various policies for grid connected, rooftops and off-grid systems in the country.

Reference;

ET

Azure Power Official Website

Puskar Pande

Editor in chief @GreenCleanGuide.com

Published by

Recent Posts

Types of Cinnamon and the differnece between true Cinnamon and Cinnamomum tamala

Did you know that cinnamon comes from the inner bark of a tree? Yep! When it’s first harvested, it’s a light color, but as it…

3 weeks ago

Regenerative Agriculture: Does It Make Sense in the Indian Context?

Regenerative agriculture is an approach to farming that focuses on restoring soil health, enhancing biodiversity, and improving ecosystem functions. Unlike conventional farming, which often depletes…

2 months ago

What Are Artificial Reefs?

Natural coral reefs and underwater habitats have been damaged by pollution, overfishing, and climate change. To help restore marine life, people create artificial reefs using…

2 months ago

Energy Attribute Certificates (EAC): A Key to Tracking and Promoting Renewable Energy

As the world continues to transition toward cleaner energy sources, the need for systems that can track, certify, and validate the renewable origin of electricity…

3 months ago

Here’s why “Blue Carbon” maybe the missing link in the crucial fight against climate change

The carbon that marine ecosystems absorb and store is known as "blue carbon." The well-known idea of "green carbon," which describes the carbon retained by…

3 months ago

Unlocking Soil Potential: A Farmer’s Guide to Soil Testing in India

Introduction Soil testing is a crucial practice in modern agriculture. It assesses soil health, nutrient levels, and pH balance, enabling farmers to make informed decisions…

4 months ago