Azure Power, has announced the induction of Robert Kelly as a Director into the Azure Power Board. Robert Kelly´s appointment as an Independent Director is expected to further drive the company´s endeavour to bring in the right expertise on board and strengthen company´s strong governance. Robert Kelly is amongst the most established & respected financial professionals in the solar industry globally and his induction will help Azure Power bring in some of the industry´s international best practices in the industry.
Robert Kelly brings with him over three decades of experience. Till recently, he served as Chief Financial Officer of SolarCity Corporation, a distributed solar energy company for almost three years, wherein he implemented financial strategy raising $4.2 billion, including their IPO, industry-first Solar Securitisation and multiple tax equity investments. He also introduced business valuation methodology for rooftop solar which has become the industry benchmark. His efforts at SolarCity Corp ensured that the company grew significantly and today, is a $ 7.2 bn company in the US. Prior to SolarCity Corp., he also served as Chief Financial Officer of Calera Corporation, a clean technology company for over two years and as an independent consultant, providing financial advice to retail energy providers and power developers. Before this, Robert was with Calpine Group for more than a decade at various leadership roles. Robert managed Calpine Corp (CPN)´s 1996 initial public offering. He has worked with Westinghouse Credit Corporation, Lloyds Bank and with the Bank of Nova Scotia in various positions. Commenting on his appointment, Robert Kelly said, ´It´s an honour to join the board of Azure Power. The incredible growth and demand in India´s renewable solar power markets has positioned Azure to become a major energy company. It offers an attractive value proposition for India power costumers by utilising the best technology with unmatched world-class execution expertise.´
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