Azure Power, a leading independent solar power producer in India, announced the appointment of Sushil Bhagat, former CFO of Hindustan Power Projects (HPPL), as the new Chief Financial Officer of Azure Power.

Hindustan Power, is set to increase its footprint in international markets to 2GW by 2022. The company has recently acquired fifteen solar power generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25 MWs solar projects at Trishal in Bangladesh.

Major Renewable Energy players have called for state-level policies and green corridors to achieve the national target of ‘175 GW by 2022’ at the 4th CII Renewable Energy Summit which was recently held at New Delhi.

Hindustan Power Project Ltd (HPPL) subsidiaries Bhanu Energy Infrastructure and Power Ltd & Bhanu Energy Industrial Development Ltd have set up the country´s largest single-location solar power plant of 31.5 MW at Mirpur Lalan village in Mansa district of Punjab, reports the Economic Times.

With 3,000 hours of sunshine every year, which is equivalent to 5,000 trillion kilowatts of energy, India´s solar energy potential is vast. According to the Ministry of New & Renewable Energy Annual report 2014-15, of the total renewable energy

Hindustan Power Projects, formerly known as Moser Baer Projects, is embarking on Rs 32,000-crore investment plan to have 5,300 MW of capacities in its portfolio in the next three years. The Delhi-based company has already made an investment of around Rs14,500 crore across its projects in solar, coal-thermal and hydro power, according to the company. ?