NEW
DELHI, Oct. 3, 2022 /PRNewswire/ -- Azure
Power (NYSE: AZRE) ("Azure" or "the Company"), a leading
sustainable energy solutions provider and renewable power producer
in India announced that it has
been awarded the prestigious Golden
Peacock Award for Sustainability for the year 2022, by the
Awards Jury under the Chairmanship of Hon'ble Justice M. N. Venkatachaliah, former Chief Justice of
India; former Chairman, National
Human Rights Commission of India
and National Commission for Constitution of India Reforms.
Established for over 30 years, the Golden Peacock Awards, is one
of the most coveted awards and is regarded as a benchmark of
Corporate Excellence worldwide. It has earned credibility due to
its transparent three-tier evaluation process making it a hallmark
of excellence globally.
The Company will be felicitated with this award at a ceremony in
London on November 10, 2022, during Institute of Director's
'Annual London Global Convention on Corporate Governance &
Sustainability, 2022'.
Commenting on the achievement, Rupesh
Agarwal, Acting Chief Executive Officer, Azure Power,
said, "The Golden Peacock Award is a testament to our
commitment to sustainable business practices. We are thankful
to the jury for recognizing our efforts. Sustainability is the core
of our ethos and business strategy and the
award strengthens our resolve towards
building a better tomorrow."
Sumit Barat, Chief
Sustainability Officer, Azure Power, further added, "We are
honoured to be conferred with the prestigious Golden Peacock award. For Azure Power
sustainability goes much beyond generating renewable energy and is
the corner stone for all our business decisions. This award is a
milestone in our sustainability journey of moving from compliance
to efficiency to innovation and validates our long-term
efforts."
About Azure Power
Azure Power is a leading independent sustainable energy
solutions provider, and power producer in India on a mission to create value for all
stakeholders through high-performance Renewable Energy assets.
Azure developed India's first
utility scale solar project in 2009 and since then, Azure has grown
rapidly to become a leader in developing and operating large
utility-scale renewable energy projects in the country. Azure also
partners with commercial and industrial customers in their
decarbonization journey by providing comprehensive solutions for
their clean energy needs.
For more information about us, visit: www.azurepower.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and the US Private Securities Litigation Reform
Act of 1995, including statements regarding the Company's future
financial and operating guidance, operational and financial results
such as estimates of nominal contracted payments remaining and
portfolio run rate, and the assumptions related to the calculation
of the foregoing metrics. The risks and uncertainties that could
cause the Company's results to differ materially from those
expressed or implied by such forward-looking statements include:
the availability of financing/refinancing on acceptable terms;
changes in the commercial and retail prices of traditional utility
generated electricity; changes in tariffs at which long term PPAs
are entered into; cancellation of PPAs; changes in policies and
regulations including net metering and interconnection limits or
caps; ongoing and potential litigation and/or regulatory
investigations; failure and delays in making regulatory filings
(including in India, Mauritius and United
States); the availability of rebates, tax credits and other
incentives; curtailment; the availability of solar panels and other
raw materials; its limited operating history; its ability to
attract and retain its relationships with third parties, including
its solar partners; its ability to meet the covenants in its debt
facilities; meteorological conditions and such other risks
identified in the registration statements and reports that the
Company files with the US Securities and Exchange Commission from
time to time. All forward-looking statements in this press release
are based on information available to the Company as of the date
hereof, and the Company assumes no obligation to update these
forward-looking statements.
For more information:
Investor Contact
ir@azurepower.com
Media Contact
pr@azurepower.com
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SOURCE Azure Power
