Azure Power Global Limited to Hold 2018 Annual General Meeting on August 13, 2018

Azure Power Global Limited (“Azure Power” or the “Company”) (NYSE:
AZRE), a leading solar power producer in India, announced that it will
hold its annual general meeting of shareholders at the Company’s office
on the 3rd Floor, Asset 301-304, WorldMark 3, Aerocity, New Delhi
110037, Republic of India at 3 p.m. (Delhi Time) on August 13, 2018.

The Company will propose at the annual general meeting to (i) to adopt
the annual report of the Company along with the Report of the Board of
Directors and the report of the auditors on the financial statements and
the Form 20-F filed with SEC for the fiscal year ended March 31, 2018,
(ii) re-appoint Ernst & Young Associates LLP as the auditor (the
“Auditor”) to audit the account of the Company for the fiscal year
ending March 31, 2018 and to set the remuneration of the Auditor, (iii)
re-elect Mr. Muhammad Khalid Peyrye as the Company’s director, (iv)
re-elect Mr. Rajendra Prasad Singh as the Company’s director, (v)
re-appoint Mr. Harkanwal S. Wadhwa as the Company’s director, and (vi)
to transact such other business as may properly come before the annual
general meeting or any adjournment or postponement thereof.

Only shareholders on record of the Company’s equity shares on the close
of business on June 22, 2018 (Eastern Standard Time) (the “Record Date”)
are entitled to receive notice and vote at the annual general meeting or
any adjournment. Shareholders are cordially invited to attend the annual
general meeting. Shareholders are entitled to appoint a proxy to attend
and act for and on behalf of them at the meeting.

A notice of the annual general meeting describing the matters to be
considered at the meeting will be available on Azure Power’s website at http://www.azurepower.com.

For a copy of the Company’s annual report for the fiscal year ended
March 31, 2018, containing the complete audited financial statements and
report of the auditors for the fiscal year ended March 31, 2018, and the
report of the board of directors, please visit the Investor Relations
Section on Azure Power’s website at http://www.azurepower.com.
We will provide all holders of our equity shares, upon request, a hard
copy of our annual report for the fiscal year ended March 31, 2018 free
of charge.

About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer
with a pan-Indian portfolio over 2 gigawatts. With its in-house
engineering, procurement and construction expertise and advanced
in-house operations and maintenance capability, Azure Power provides
low-cost and reliable solar power solutions to customers throughout
India. It has developed, constructed and operated solar projects of
varying sizes, from utility scale, rooftop to mini & micro grids, since
its inception in 2008. Highlights include the construction of India’s
first private utility scale solar PV power plant in 2009 and the
implementation of the first MW scale rooftop project under the smart
city initiative in 2013.

For more information, 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; 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.
In the press release, portfolio and the project represents megawatts
capacity of solar power plants pursuant to PPAs, signed or allotted or
where the Company has been cleared as one of the winning bidders or won
a reverse auction but has yet to receive a letter of allotment. 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.

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