Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Avaada Energy to Implement 2 GW Open Access Solar Plants Updated On Wed, Jul 24th, 2019 by Saurenergy This renewable arm of Avaada Group has already commissioned more than 1.8 GW of renewable assets in the solar and wind space. Vineet Mittal-promoted Avaada Energy is in the process of implementing 2 GW of open access solar plants in five states i.e. Maharashtra, Tamil Nadu, Haryana, Karnataka and Orissa. This renewable arm of Avaada […] Read more
Avaada Energy Secures Rs 1000 Cr Investment From ADB, DEG and FMO Updated On Tue, Apr 9th, 2019 by Saurenergy Avaada is targeting an extensive portfolio of 5 GW solar projects across Asia and Africa of which about 2.4 GW capacities are under implementation. Avaada Energy has announced that it has received an investment of Rs 1,000 crore for financing its 2.4 GW solar energy portfolio of the targeted 5 GW capacity in Asia and Africa. The investment has come from Asian Development Bank; DEG, the […] Read more
ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada Updated On Wed, Mar 20th, 2019 by Saurenergy The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030. The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […] Read more
Avaada Power Eyes to Set-up Floating Solar Projects Updated On Mon, Apr 2nd, 2018 by Saurenergy The floating solar segment has a potential to generate 300 GW of power across the country, said Vineet Mittal. Clean energy company Avaada Power is looking to set up floating solar projects and for this it is in talks with various states governments and expects some large tenders to be floated in the next 2 months. […] Read more
Avaada Power Inks MoU to Set Up 500MW Solar Farms in Andhra Updated On Wed, Feb 28th, 2018 by Saurenergy The move will generate more than 1,200 employment opportunities in the state. Renewables developer Avaada Power has inked an Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop 500MW of utility-scale PV projects, with an investment of Rs 35 billion (USD537 million). The Indian solar developer said that the projects in the state […] Read more
Avaada Power to Invest Rs 10k cr to Set Up 1,600 MW Solar Projs in UP Updated On Thu, Feb 22nd, 2018 by Saurenergy The company’s projects will help the state in meeting its annual target of 2,000 MW production capacity of solar energy. Avaada Power, a clean energy company, has entered into a Memorandum of Understanding (MOU) with the Uttar Pradesh (UP) government during the Investors Summit 2018 to invest Rs 10,000 crore in setting up 1,600 MW solar projects. […] Read more
IB Solar Seeks A Share of Solar EPC In 2025 Updated On Wed, Jan 15th, 2025 by Saurenergy Noida-based solar manufacturing firm IB Solar is set to enter into the solar EPC business as well in 2025. With a firm focus on government backed solar EPC projects at MW scale, IB solar has formed a new venture: “IB Solar Infra Developers Pvt. Ltd.”for its planned EPC business. Coupled with its plans to take […] Read more
Top 5 Solar Energy Markets to Boom in 2025 Updated On Tue, Jan 7th, 2025 by Saurenergy The solar power industry is flourishing globally, but growth potential varies across regions due to diverse influencing factors. Some solar markets are poised to outperform others, driven by favourable conditions already present or anticipated in 2025. The International Energy Agency forecasts that the global RE capacity will increase by over 5,520 GW during 2024-2030, about […] Read more
