Bharti Airtel Increases Stake in Avaada SPV for Captive Solar Project Updated On Thu, Mar 25th, 2021 by Saurenergy Bharti Airtel has now acquired an additional 3.33% equity in the Avaada SPV – Avaada MHBuldhana for a reported Rs 2.914 crore. Bharti Airtel has announced that in furtherance to its acquisition of 5.2 percent equity shares in Avaada MHBuldhana Private Limited – a Special Purpose Vehicle (SPV) of the Avaada Group formed for the […] Read more
Avaada to Provide Renewable Energy to Data Centre Operator STT GDC India Updated On Thu, Mar 4th, 2021 by Saurenergy STT GDC India has announced a partnership with Avaada Energy to procure 99 MUs/annum of renewable energy under a captive structure. ST Telemedia Global Data Centres (India) – STT GDC India – has announced a partnership with Avaada MHKhamgaon, a subsidiary of Avaada Energy to procure 99 MUs/annum (99 Million kWh) of renewable energy under a […] Read more
Avaada Gets Decision From MERC for 250 MW Solar Project with MSEDCL Updated On Wed, Mar 3rd, 2021 by Saurenergy MERC had directed both parties i.e. Avaada and MSEDCL to complete the formalities under the RfS and execute the PPA by March 2, 2021. Avaada Energy (AEPL) had filed a case in January 2021 against Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) with the Maharashtra Electricity Regulatory Commission (MERC) seeking issuance of appropriate order(s)/ directions(s) […] Read more
Bharat Forge Invests Rs. 2.87 Crores in Avaada’s Solar Project in Maharashtra Updated On Tue, Dec 29th, 2020 by Saurenergy Pune-based Bharat Forge Limited has announced an additional investment of Rs 2.87 crore to use the remaining 8.20 MW solar power from Avaada Satara MH Pvt Ltd (ASPL), on Friday. The investment has been done for the purchase of solar power from Avaada as a group captive user. “We would like to inform you that […] Read more
Avaada Energy Receives $10 Mn in Funding From KfW Subsidiary Updated On Fri, Oct 30th, 2020 by Saurenergy Avaada Energy, one of the leading green energy companies in India, has received USD 10 million in funding from DEG, a subsidiary of the KfW Group. Avaada Energy, one of the leading green energy and renewable energy companies in India, has received USD 10 million in funding from development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), […] Read more
Avaada Gets Relief at APTEL Against CERC Order for Maharashtra Project Updated On Thu, Oct 29th, 2020 by Saurenergy Back in January this year, we had carried this story on how a CERC order had ruled against Avaada in a petition to stay cancellation of its PSA with SECI. Many of the other key issues in the project, like the fate of the 28MW already built, or the power generated there, or even the […] Read more
CERC Awards Compensation to Avaada Updated On Tue, Aug 25th, 2020 by Saurenergy Avaada Clean Energy had petitioned to consider implementation of safeguard duty as change in law The Central Electricity Regulatory Commission (CERC) has ruled in favor of Avaada Clean Energy Private Limited in a case regarding a 5 MW solar PV project executed under Solar Energy Corporation of India (SECI)’s Defense program. Avaada Clean Energy had […] Read more
Avaada Energy Gets LoA from MSEDCL to Develop 350 MW Solar Plant in M’rashtra Updated On Thu, Jun 25th, 2020 by Saurenergy Vineet Mittal-led Avaada Energy, a leading solar energy developer, has secured the Letter of Award (LoA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop 350 MW solar photovoltaic (PV) project in the state. Mumbai-headquartered Avaada Energy said in a statement that “it has been accorded a Letter of Award (LoA) to develop a […] Read more
