Avaada Group Invests Rs 1 Lakh Cr in Rajasthan – EQ
In Short : Avaada Group has announced a major commitment to invest ₹1 lakh crore in Rajasthan to accelerate the state’s renewable energy sector. This investment will fund large-scale projects, including a 1.2 GW pumped hydro storage, a 1 MTPA green ammonia facility, 1 GW wind power, and 10 GW of solar power. These projects are expected to create employment, promote green manufacturing, and help meet India’s renewable energy goals. The Group aims to transform Rajasthan into a global green energy hub by 2030.
In Detail : Avaada Group, a key player in India’s renewable energy sector, has announced an investment of ₹1 lakh crore in Rajasthan. This significant investment is aimed at expanding the state’s green energy capabilities, positioning it as a global renewable energy hub. The funds will be allocated to a range of large-scale projects across solar, wind, and green ammonia production.
Among the most notable initiatives is the 10 GW solar power project, which will greatly enhance Rajasthan’s capacity to generate renewable energy. Additionally, Avaada plans to develop a 1 GW wind power facility and a 1.2 GW pumped hydro storage system, both of which are key to diversifying the state’s renewable energy portfolio. These projects, when completed, are expected to be fully operational by 2030.
The group also plans to invest in green ammonia production, with a proposed 1 MTPA capacity. This aligns with the global transition toward green hydrogen and other low-carbon technologies, which will further enhance Rajasthan’s appeal as a destination for clean energy projects. The integration of these technologies will boost the state’s economy and contribute to India’s sustainable development goals.
Rajasthan’s unique geographical advantages, including vast desert lands and abundant sunlight, make it ideal for large-scale renewable energy projects. This, combined with Avaada Group’s commitment to green energy, will help the state meet its ambitious renewable energy targets, such as achieving 125 GW of solar capacity by 2030. Avaada’s investment further solidifies Rajasthan’s position at the forefront of India’s renewable energy revolution.
The investment is also expected to generate massive employment opportunities, both directly and indirectly, through the creation of green manufacturing jobs. This will be a significant boost to Rajasthan’s industrial sector, fostering sustainable economic growth. The employment potential in both the energy and manufacturing sectors will be a key benefit for the local workforce.
By investing in renewable energy and supporting projects like these, Avaada Group is contributing to India’s overarching goal of achieving net-zero emissions by 2070. With its vast renewable potential, Rajasthan is set to become a major player in the global green energy market, attracting additional investments and driving innovation across industries, including green hydrogen and sustainable manufacturing.
