Avaada Energy has received a letter of award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop a 350 MW (DC) solar project in Maharashtra.
The electricity generated will be supplied to MSEDCL under a power purchase agreement, valid for a period of 25 years from the scheduled commercial operation date, as per the company statement.
The project—expected to be commissioned by January 2022—will generate about 525 million units annually, which will help in reducing 4,98,750 tonnes of CO2 emission per year.
Significantly, Avaada is targeting an extensive portfolio of 11 GW solar energy projects by 2025 across Asia and Africa. The latest project is in addition to 1 GW of operational capacity and 2 GW of projects under implementation.
Speaking on this development, Avaada Group chairman Vineet Mittal said, “At Avaada, we believe that business and sustainability go hand-in-hand. Being the leading Renewable Energy company of India, we are making significant investments in innovative clean energy solutions with a focus on solar energy sector.”
“On the back of India’s green energy revolution led by prime minister Narendra Modi, India will continue its exponential growth in its renewable energy (RE) sector.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.