NEW
DELHI, June 1, 2022 /PRNewswire/ -- Azure
Power (NYSE: AZRE), a leading sustainable energy solutions provider
and renewable power producer in
India, today announced, pursuant
to its previous announcement dated February
28, 2022, that its Board member and Independent Director,
Mr. Arno Harris, has confirmed his
resignation from his position as a member of the Board of Directors
of Azure Power and all its subsidiaries effective May 31, 2022. His decision to resign was not the
result of any disagreement with the company on any matter relating
to the Company's operations, policies or practices. The number of
Board members as on date is nine with four members deemed
independent.
The Board of Directors has expressed its great appreciation for
Mr. Arno Harris for his leadership
and invaluable contributions towards company's role as one of the
leading renewable energy companies in India.
About Azure Power
Azure Power is a leading independent sustainable energy
solutions provider and power
producer in India on a mission to
create value for all stakeholders through high-performance
Renewable Energy assets.
We developed India's first
utility scale solar project in 2009 and since then, Azure Power has
grown rapidly to become a leader in developing and operating large
utility-scale renewable energy projects in the country.
We also partner with commercial and industrial customers in
their decarbonization journey by providing comprehensive solutions
for their clean energy needs.
For more information about us, visit:
www.azurepower.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended and the Private Securities Litigation Reform Act of
1995, including statements regarding the Company's future financial
and operating guidance, operational and financial results such as
estimates of nominal contracted payments remaining and portfolio
run rate, and the assumptions related to the calculation of the
foregoing metrics. The risks and uncertainties that could cause the
Company's results to differ materially from those expressed or
implied by such forward-looking statements include: the
availability of additional financing on acceptable terms; changes
in the commercial and retail prices of traditional utility
generated electricity; changes in tariffs at which long term PPAs
are entered into; changes in policies and regulations including net
metering and interconnection limits or caps; the availability of
rebates, tax credits and other incentives; curtailment; the
availability of solar panels and other raw materials; its limited
operating history, particularly as a new public company; its
ability to attract and retain its relationships with third parties,
including its solar partners; its ability to meet the covenants in
its debt facilities; meteorological conditions and such other risks
identified in the registration statements and reports that the
Company has filed with the U.S. Securities and Exchange Commission,
or SEC, from time to time. All forward-looking statements in this
press release are based on information available to us as of the
date hereof, and the Company assumes no obligation to update these
forward-looking statements.
For more information:
Investor Contact
Vikas Bansal
ir@azurepower.com
Media Contact
Samitla Subba
pr@azurepower.com
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SOURCE Azure Power