Azure Power Assigned Highest Accreditation Rating by ICRA

New Delhi : Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been assigned SP 1A rating by ICRA, one of India’s leading rating agencies. The rating indicates ‘Highest Performance Capability’ & ‘Highest Financial Strength’ of Azure Power to undertake solar projects.

The rating affirms Azure Power’s ‘Highest Performance Capability’ and ‘Highest Financial Strength’ to undertake solar projects . ICRA was mandated by Ministry of New and Renewable Energy (MNRE) to carry out accreditation for System Integrators.

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been assigned SP 1A rating by ICRA, one of India’s leading rating agencies. The rating indicates ‘Highest Performance Capability’ & ‘Highest Financial Strength’ of Azure Power to undertake solar projects.

While assigning the rating ICRA considered Azure Power’s strong track record of project execution, its well qualified and experienced management, technical competence, quality of suppliers and ties-up, and strong financial profile. The rating is valid for a period of two years up to July 16, 2019.

Speaking on the occasion Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “We are pleased to be assigned the SP 1A rating by ICRA. The rating reflects our strong project development, engineering, and execution capabilities and is a testament to our efficiency and reliability as a trusted solar power producer.”