- Azure Power (NYSE:AZRE) announced it has won a 11.35 megawatts solar rooftop power project.
- The solar rooftops will be spread across 152 schools and six states, including Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Chhattisgarh and Kerala.
- Azure Power will sign the power purchase agreement with Navodaya Vidyalaya Samiti, an autonomous body under Ministry of HR Development (Gov. of India).
- Azure Power qualifies for a capital incentive from Navodaya Vidyalaya Samiti, which is expected to result in a weighted average levelized tariff of INR4.97 (~$0.077) per kWh.