Avaada Energy secures $38 million for captive solar project in Karnataka
Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.
Avaada Energy secures $143 million SBI loan for solar project in Gujarat
Avaada Energy has secured about INR 1,190 crore ($143 million) as a 20-year project loan facility from State Bank of India (SBI). It will use the financing to support the development of its 400 MWp utility-scale solar PV power project in Gujarat.
Avaada Energy wins 250 MW solar-wind hybrid project in NTPC auction
Avaada Energy won the 250 MW solar-wind hybrid power project by offering a competitive tariff of INR 3.47 per kWh.
Avaada Energy secures LoA to set up 1,138 MW decentralized agricultural solar PV projects in Maharashtra
Avaada Energy has secured the Letter of Award (LoA) to develop and operate 1,138 MW of decentralised solar PV power projects for agriculture consumers across Maharashtra by 2025.
Avaada Energy wins over 1.4 GWp of solar projects across India
Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.
Avaada Energy wins 1.4 GW DC solar project from NHPC
Avaada Energy secured the 1.4 GW DC solar project by offering a competitive tariff of INR 2.53 ($0.0304) per kWh to NHPC.
Avaada Energy, Al Jomaih to collaborate on renewable energy projects in the Middle East
Avaada Energy and Al Jomaih Energy and Water (AEW) have signed a Memorandum of Understanding (MoU) to collaborate on renewable power projects, including solar, wind, hybrid, and battery energy storage solutions in the Middle East.
Avaada Energy wins 280 MWp in SECI’s 2 GW solar auction
Avaada Energy will supply solar power at a tariff of INR 2.61 ($0.032)/kWh, the highest among all winners of the auction.
Avaada Energy gets LoI for 400 MW DC solar project from GUVNL
The developer won 200 MW solar capacity at a tariff of INR 2.75 ($0.034)/kWh with an additional 200 MW under green shoe option at INR 2.71 ($0.033)/kWh through competitive bidding followed by an e-reverse auction.
New leaders emerge in India’s 2022 solar market
Mercom’s latest report says the Indian solar sector saw significant changes in the players’ market share in 2022—a year heavily impacted by policies like basic customs duty on cells and modules and Approved List of Models and Manufacturers.
