Azure Power Global Limited, a leading independent sustainable energy solutions provider and renewable power producer in India, announced the appointment of Mr. Jean-François Boisvenu as an Independent Non-Executive Director on the Company’s Board. The appointment expands the board to eleven directors, all of whom are Non-Executive and a majority of whom are independent directors.
Mr. Boisvenu, a partner at Eversheds Sutherland (Mauritius), brings extensive experience in corporate and commercial matters, with particular expertise in international banking transactions, lending and debt capital markets transactions, and financial institutions regulation. He has been heading the banking and finance practice at Eversheds Sutherland since 2017. Prior to that, he was Group Head Legal at AfrAsia Bank Limited and worked at BLC Robert.
“We are excited to welcome Jean-François Boisvenu to the board. His experience and expertise will bring a fresh perspective and provide valuable guidance to all of us,” said Alan Rosling, Chairman of the Board, Azure. Mr. Boisvenu said, “I am excited to join Azure Power and am looking forward to work with the team to drive growth and success at this important player in the clean energy space.”
Rupesh Agarwal, Acting CEO of Azure, said, “We are delighted to have Jean-François Boisvenu on our Board. His extensive knowledge and experience will play a crucial role in driving our company forward. I look forward to working with him and achieving Azure goals together.”
Azure Power Global Limited, established in 2009, is a leading independent sustainable energy solutions provider and renewable power producer in India. It developed India’s first utility-scale solar project and since then has grown rapidly to become a leader in developing and operating large utility-scale renewable energy projects in the country.
With the appointment of Mr. Boisvenu, Azure Power Global Limited is poised to reach new heights in the renewable energy sector, leveraging his experience and expertise in corporate and commercial matters.
In recent news, Invesco has updated its holdings in Azure Power Global Limited (NYSE: AZRE). The investment management company now holds 1,914,957 shares of the renewable energy company, which represents approximately 4.8% of the company’s outstanding stock. This update reflects Invesco’s commitment to investing in sustainable and renewable energy solutions, as Azure Power Global Limited continues to make significant contributions to the growth of the sector.
The increased investment by Invesco in Azure Power Global Limited is a positive sign for the company and the renewable energy sector as a whole. With the increasing demand for sustainable energy solutions, companies like Azure Power Global Limited are well positioned to grow and contribute to the transition towards a cleaner and greener future. The company’s focus on developing and operating large utility-scale renewable energy projects in India has already made it a leader in the industry, and the investment by Invesco is a testament to its potential for continued growth and success.
