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IFC to back Azure Power Rooftop's expansion plan with $135-mn investment

Azure is a leading solar power company in India with a track record of robust execution and strong growth

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T E Narasimhan Chennai
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

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