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Government school in Devadurga prepares for students with new facilities | Hubballi News

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Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive

Share this article Share this article NEW DELHI, April 5, 2021 /PRNewswire/ Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to Radiance Renewables Pvt. Ltd. (Radiance), one of India s leading providers of competitive renewable energy solutions for commercial, industrial and residential customers and a 100% subsidiary of the Green Growth Equity Fund ( GGEF ), India s leading Climate fund, managed by EverSource Capital,  for a total consideration of INR 5,365 million (US$ 73.5 million 1) subject to purchase price adjustments.  The rooftop portfolio generated INR 331 million (US$ 4.5 million 1) in EBITDA for the 12 months ending December 30, 2020. After excluding rooftop revenues, our new FY 22 revenue guidance is INR 17,200 – 18,200 million (or US$ 236 - $249 million

Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive

Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Cost Structure and be Value Accretive
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