Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
Rajasthan Investor Summit 2024 Attracts High Renewable Commitments Updated On Tue, Oct 1st, 2024 by Saurenergy At the Rajasthan Investment Summit 2024 in New Delhi, 17 major companies signed MoUs (Memorandums of Understanding) to invest a massive Rs. 8 lakh crore across various sectors, focusing on renewable energy, oil and gas, logistics, and infrastructure. In the energy sector, Tata Power, NHPC, Avaada Group, and Jindal Renewable Power all committed to building […] Read more
NHPC 1.2 GW Solar Bid Garners A Tariff Of Rs 2.56/unit Updated On Tue, Sep 10th, 2024 by Saurenergy NHPC Limited recently concluded the auctions for its 1.2 GW solar tender, announcing six winners for the project. These winners are Onward Solar, Rays Power Infra Limited, Essar Renewables, Mahindra Susten, and Avaada Group. The allocated capacities are as follows: Onward Solar was allocated 50 MW at Rs. 2.56 per unit, while Jevargi Solar (Rays […] Read more
Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project Updated On Wed, May 29th, 2024 by Saurenergy The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power […] Read more
Avaada Group Commissions 50 MW Solar Plant In Bihar Updated On Wed, May 22nd, 2024 by Saurenergy Avaada Energy , the renewable energy arm of Avaada Group, commenced a new 50 MW solar power plant in the Banka district on Tuesday. With this Bihar has now increased its total solar capacity to 181.1 MW. Last year approval was given for a 75 MW solar plant in Banka and a 125 MW solar […] Read more
Avaada Group Inks Pact for Renewable Energy With Saudi Arabia Updated On Tue, Sep 12th, 2023 by Saurenergy Avaada Group has joined hands with Al Jomaih Energy and Water for the development of renewable energy in Saudi Arabia and a select few regions in the Middle East. “Avaada Energy (group) announces a strategic partnership with AEW to pioneer renewable power generation in the Kingdom of Saudi Arabia and selected Middle Eastern regions,” the […] Read more
Avaada Group in MoU with REC for INR 20,000 Funding Updated On Thu, Jul 20th, 2023 by Saurenergy On the sidelines of the fourth meeting of the G20 Energy Transition Working Group (ETWG), Avaada Group, has announced a partnership with the Rural Electrification Corporation (REC), concretized through a Memorandum of Understanding (MoU). This agreement ushers in support for Avaada’s energy transition ventures, with the total investment reaching INR 20,000 crores over the next five […] Read more
Avaada Group Successfully Pockets INR 10,700 Cr as Funding Updated On Thu, Jun 29th, 2023 by Saurenergy Avaada Group, an integrated energy platform, has announced the successful closure of INR 10,700 crore ($1.3 billion) funding round. The firm says this marks a historic moment for the green energy industry in Asia and India’s renewable energy sector as this funding round is the largest equity round ever raised by any green energy company […] Read more
Amp Energy Wins CESC’s 150 MW Wind-Solar Hybrid Tender Updated On Thu, May 11th, 2023 by Saurenergy Renewable energy firm Amp Energy India has won a 150 MW wind-solar hybrid Calcutta Electric Supply Corporation (CESC) project via competitive bidding. The project has been won through its subsidiary Amp Green Energy Private Ltd, at a tariff of ₹ 3.07 per unit. The tariff discovered was the lowest tariff in the bid. The other […] Read more
