Avaada Energy, SAEL, and Welspun Renewable Energy have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 250 MW of grid-connected solar capacity with greenshoe option of additional 250 MW.
Avaada Energy will develop a 200 MW (DC) solar plant for power supply to Gujarat Urja Vikas Nigam Ltd at a tariff of INR. 2.75 per kWh.
Avaada Group will invest across pumped storage, green hydrogen, green ammonia, wind and solar power projects in Rajasthan.
Avaada Group will develop a 1.2 GW pumped storage project in Rajasthan with a total investment of around INR 5,800 crore over the next five to seven years.
Avaada Energy has secured around INR 597 crore ($71.1 million) in refinancing for its commercial & industrial (C&I) solar projects in Karnataka and Maharashtra.
Avaada Group plans INR 1 lakh crore ($12 billion) investment to set up a 1.2 GW pumped hydro storage project, a 1 mtpa green ammonia project, a 1 GW wind power project, and a 10 GW solar power project in Rajasthan.
Avaada Energy, Essar Renewables, Jevargi Solar (Rays Power Infra), Mahindra Susten, and Onward Solar Power have emerged winners of the interstate transmission system connected solar capacity.
The solar plant in Maharashtra, established in partnership with Avaada, will power Viraj Profiles’ Tarapur stainless steel manufacturing operations.
Avaada Energy will set up a total of 820 MWp of solar and wind projects against the hybrid renewable capacity awarded by SJVN Ltd. These renewable projects will connect to the inter-state transmission system.
Avaada Group has signed a Memorandum of Understanding (MoU) for long-term supply of green ammonia to Mysore Ammonia, an ammonia distributor and trader in India.
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