星期五, 10月 22, 2021
Home PV News Rating on Azure Power Solar's notes unaffected by sale of rooftop projects:...

Rating on Azure Power Solar’s notes unaffected by sale of rooftop projects: Fitch

The portfolio includes 32.5 MW of rooftop projects that are part of the restricted group of 10 operating entities (Azure RG2) underpinning the rating on APSEPL's 350.1 million dollar notes. API owns 100 per cent of Azure RG2

Source:Energyword

The rating on Azure Power Solar Energy Pvt Ltd’s (APSEPL’)s 350.1 million dollar 5.65 per cent senior notes due 2024 is not affected by the sale of Azure Power Global Ltd’s (APGL’s) rooftop solar portfolio, Fitch Ratings said on Monday.
Fitch does not expect the transaction to trigger a change of control provision in indenture of notes.
On April 5, APSEPL’s ultimate parent APGL announced that its 97.5 per cent-owned subsidiary Azure Power India (API) has signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables Pvt Ltd for Rs 537 crore.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Calculating the value of a community solar program

In an effort to quantify the overall value that community solar programs could add, the Coalition for Community Solar Access enlisted Michigan State University’s...

Highway-side solar could produce 36 TWh annually

Research published by the Webber Energy Group at the University of Texas at Austin and nonprofit group The Ray has led to a partnership...

Maine city, school district subscribe to 2.3 MW of community solar

The Town of Wells and the Wells Ogunquit Community School District have signed a Net Energy Billing Agreement with Boston-based solar provider Nexamp. Under...

Pine Gate Renewables breaks ground on nearly 70-MW North Carolina solar project

Pine Gate Renewables announced the financing of its second project in Stanly County, North Carolina, which will generate 69.89 MW of renewable energy for...