Avaada Energy has secured 421 MW, 280 MW, and 700 MW solar PV capacities in recent tenders issued by state-owned agencies Solar Energy Corp. of India (SECI), Gujarat Urja Vikas Nigam Ltd (GUVNL), and NTPC, respectively. These projects are to be developed in the states of Gujarat and Rajasthan.
The projects will benefit from 25-year power purchase agreements (PPAs) to be signed by these agencies. These are anticipated to be completed within a 24-month timeframe.
“These solar installations are expected to generate an estimated annual output of ~2,410 million units of renewable energy, effectively powering over 1.72 million rural households in India. This initiative is projected to contribute significantly to reducing carbon emissions, with an expected annual CO2 reduction of 2.24 million tonnes each year, aligning with India’s climate objectives,” stated Avaada.
With these latest additions, Avaada’s portfolio now includes 6 GW of projects under various stages of development, in addition to operational capacity of 4.1 GW.
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