Azure Power is India's largest solar power developer and operator, with over 900 MW of solar projects across 15 states. It developed India's first private grid-connected solar plant in 2009 and continues to develop utility-scale, rooftop, and micro-grid solar projects. Azure Power sells solar power to customers under long-term contracts at prices lower than prevailing alternative power prices. The company is led by a team of experienced renewable energy and finance professionals and has a growing portfolio of over 300 operational rooftop projects.

1. Azure Power
Corporate Presentation India’s first private grid connected MW Solar plant
Largest owner and operator of National Solar Mission projects
Pan India portfolio of solar assets in 15 States
India’s first distributed MW scale rooftop solar project
100 MW, Jodhpur, Rajasthan
Largest Solar Power Plant under National Solar Mission policy

2. • Founded on 29th February 2008
• Developed India’s first utility scale
solar project in 2009
• 900+ MW pan-India projects
• Diversified presence in 15 states
• Current portfolio of over 300
rooftops operational
• Use non penetrating structure
• Azure power is a developer,
constructor and operator of
utility scale, micro-grid and
rooftop solar projects
• Sells power in India under long-
term contracts, which in many
cases are at or below prevailing
alternative power prices
Company Overview
Overview

3. Leader in the market
India’s first private grid connected MW Solar Plant:
Inauguration in Awan, Punjab by Shri Farooq
Abdullah in 2009
Inauguration of 10 MW Solar Power Plant in
Gujrat by Shri Narendra Modi; India’s then
largest Solar Power Plant
India’s First distributed MW scale rooftop solar
project in Gandhinagar, Gujrat; Awarded Top
10 PPP by World Bank in 2013
100 MW Solar Power Plant in Jodhpur,
Rajasthan; Largest operator of solar project under
NSM with cumulative 142 MW; largest ‘Make in
India’ project
1000 MW MOU signed with Honourable Chief
Minister, Rajasthan, Smt. Vasundhara Raje
At the forefront of US India Clean Energy
dialogue, here with Honourable Prime Minister,
Shri Narendra Modi and Fred P Hochberg,
Chairman US EXIM Bank

4. Case Study: Gujarat Rooftop Project, Smart City Enabler
 India's first grid connected MW scale Solar roof top project
 Azure Power was awarded the top 10 Public Private Partnership, 2013 by the International Finance
Corporation (IFC)
Plant Capacity: 2.5 MW
Number of Roofs covered: 192
Private roofs: 161
Government roofs: 31
 Business Model:
 Azure signed a 25 year PPA with Torrent Power
 Builds-Owns-Operates solar plants across Gandhinagar
 Torrent Power provides clean electricity produced to Consumers
 Building owners get cash incentives from Azure Power for sharing roofs

5. Case Study: DLF Properties, Pan- India
 Business Model:
 Azure Power has entered into a long-term PPA with prominent DLF Commercial Buildings.
 Plants are installed on the roofs of these establishments
 Our plants reduce their diesel and gas consumption during peak hours, as all the generated
energy is consumed by the occupants during the daytime
Plant Capacity: 1.8 MW
Locations : Uttar Pradesh, Haryana, Tamil Nadu, Andhra Pradesh, West Bengal

6. Our Key Rooftop Customers

7. Why Solar- Challenges of Conventional Power
Majority of India faces electricity shortages and challenges listed below:
 FINANCIAL:
• High cost of grid power
• Consistently-rising prices of grid power, expected to keep rising for the next several years
• No savings while using grid power
 ENVIRONMENTAL and SOCIAL:
• Increased global warming due to excessive use of fossil fuels
• Fossil fuels are highly unsustainable and close to depletion over the next few years
• Power cuts and inconsistent grid supply

8. Azure Power Business Model- Our Solution…
Azure Power provides Solar Energy for Captive consumption at
economical rates for a long term.
 Responsibility of the Company:
• Design, Engineer and Construct plant
• Invest 100% capital & operating expense
• Interconnect with energy distribution point
• Operate and maintain plant for project lifetime
• Provide Solar As A Service (SaaS).
 Responsibility of the Customer:
• Agree & sign long term Power Purchase Agreement
• Pay only for number of units generated by the plant at fixed tariffs
• Grant site access to Company representatives during construction and project tenure

9. Benefits
FINANCIAL:
No Capital Investment Required
• We provide the capital. You get the green electricity
• We finance, build, own and operate the solar plant for its lifetime, so you don't have to worry
about costs and maintenance issues
Pay As You Consume
• Cheaper rate than your electricity tariffs for the next 25 years
• Pay only for the units that the solar plant generates in a month
Payback From Day One
• Reap financial benefit from day one of plant operation
• SAVE money. Solar electricity will always be cheaper than the utility tariff
ENVIRONMENTAL:
• Eliminate several thousand tons of CO2 from the environment and make an effective
contribution to mitigating climate change
• Energy production is unobtrusive and silent
SOCIAL:
• Reduce use of fossil fuel for energy, leading to national energy independence
• Provide power locally, reducing the need for extensive grid infrastructure
• Create jobs for local economy

10. Leadership Team
Sanjeev Agarwal, Directors
• Co-founder of Helion Venture Partners.
• Current on the boards of Eye-Q Vision Private Limited and Clues Networks Inc.
• Served on the boards of Amba Research, MakeMyTrip Limited and UnitedLex Corporation.
Sandeep Chopra, Head Strategy
• In this role, he managed large service delivery teams and helped set up centers of excellence.
• Before that, Sandeep held a variety of roles in the assurance practices at Arthur Andersen, Ernst & Young, and
PricewaterhouseCoopers
• Sandeep is an alumnus of Harvard Business School. He is a chartered accountant and member of the Institute of Chartered
Accountants of India
Bill Elmore, Director
• Founder of Foundation Capital in 1995
• Former director and past president of the Western Assocor Venture Capitalists
• Past director of the National Venture Capital Association
Robert Kelly, Director
• Served as CFO of Solar City Corporation in San Mateo, California and Calera Corporation, a clean technology company
• CFO and executive vice president of Calpine Corporation, an independent power producer
Diane Farrell, Director
• Serving as president for the U.S.-India Business Council
• Served on the board of directors at the Export Import Bank of the United States
• Was elected as the First Selectwoman in Westport, Connecticut
Harkanwal Singh Wadhwa, Director and COO
• 40 years of experience in the financial services industry in India
• Served as chief managing director of National Insurance Limited
Inderpreet Singh Wadhwa ,Founder and CEO
• 20 years of experience in infrastructure projects
• Previously served as a vice president of Loyalty Lab and a senior director of Oracle Corporation

11. Next Steps
Information to be provided to Azure Power for a formal proposal :
 Point of Contact
 List of all Buildings to be considered for Solar Power
 Electricity Bills for each location for the last 6 months
 Building Roof Layouts
 Company Financials
 2-page KYC form filled in for each location under consideration

12. India Office:
8, LSC Pushp Vihar,
New Delhi - 110 062
Phone: +91.11.49409800
Fax: +91.11.49409807
Thank You
US Office:
1054 31st Street, NW, Suite 545
Canal Square, Washington DC 20007
Phone: +1-650-2456464