Azure Power Rooftop (GenCo) is planning to raise around $135 million from International Finance Corporation (IFC), which would help the company mobilise a portion of its loans.
The proposed investment involves a debt refinancing of up to $45 million to the company and the mobilisation of senior loans of up to $90 million, said IFC.
Azure Power Rooftop Private Limited (Azure roof) is a wholly owned subsidiary of IFC’s existing client Azure Power Global Limited.
Azure is a leading solar power company in India with a track record of robust execution and strong growth. Azure has the in-house capacity to