Azure Power Global Ltd was incorporated in Mauritius on January 30, 2015. It is engaged in the development, construction, ownership, operation, maintenance and management of solar power plants and generation of solar energy based on long-term contracts (power purchase agreements or "PPA") with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. The Company faces competition from traditional and renewable energy companies. The competitors include Tata Power Solar Systems Limited, Adani Power Limited and ACME Cleantech Solutions Private Limited. It also competes with utilities generating power from conventional fossil fuels.
