Mumbai : Avaada Energy, an arm of Avaada Group has been awarded a 200 MW (DC) solar power project from Gujarat Urja Vikas Nigam Ltd. (GUVNL) at a record-low tariff of Rs. 2.75 (~$0.033) per kWh. The project was awarded through competitive bidding, followed by an e-Reverse auction held by GUVNL. As per bid terms, […]
Avaada Energy bags 560 MW of solar in Maharashtra auction – EQ Mag pro
Indian renewables developer Avaada Energy said it had won a 560-MW solar power project in an e-reverse auction in the state of Maharashtra. The auction was conducted by utility company in the Indian state, Maharashtra State Electricity Distribution Co Ltd (MSEDCL). The solar project was awarded through competitive bidding, followed by an e-reverse auction. Avaada […]
Avaada Energy wins 560-MW solar project in Maharashtra – EQ Mag
Avaada Energy has won a 560-MW solar project bid for the supply of solar power to the Maharashtra State Electricity Distribution Company (MSEDCL). The power purchase agreement (PPA) will be signed between the two entities for 25 years, and the project will be commissioned within 18 months. The plant is expected to generate about 951 […]
Avaada Group appoints Kishor Nair as CEO of Avaada Energy – EQ Mag
Avaada Group on Wednesday said Kishor Nair has been appointed as the Chief Executive Officer (CEO) of its arm Avaada Energy. He has been serving the firm as its Chief Operating Officer (COO) since 2017, Avaada said in a statement. With 36 years of experience, he has been instrumental in developing Avaada Energy into the […]
AVAADA ENERGY WINS 421 MW (DC) SOLAR PROJECT IN INDIA – EQ Mag
Avaada has won the 421 MW (DC) ISTS-connected project for supplying solar power to Damodar Valley Corporation (DVC) – for the offered tariff of Rs. 2.70 (~$0.03) per kWh Mumbai : Avaada Energy, an arm of Avaada Group – India’s leading integrated energy enterprise with business interests across the energy transition value chain, has won […]
Viraj Profiles partners with Avaada Energy to install solar power plant – EQ Mag
New Delhi : Stainless steel maker Viraj Profiles on Thursday said that it has partnered with Avaada Energy to set up a 100MW captive solar plant at Tarapur. “Viraj Profiles along with Avaada Energy shall set up a Special Purpose Vehicle (SPV) to build a 100 MW captive solar plant,” the company said. In a […]
Avaada Energy Private Limited to Raise India’s Largest AAA rated Green Bond by any Renewable Energy Developer – EQ Mag Pro
Avaada Energy Private Limited to Issue Green Bonds for INR 1440 Cr (USD 192 million) at 6.75% making it India’s largest AAA rated green bond by any renewable energy developer. Mumbai: Avaada Energy, India’s leading solar project developer, today announced that it is raising green bonds for INR 1440 Cr (USD 192 million) in the […]
Avaada Energy Installed 1GW Capacity Last Year – EQ Mag Pro
The capacity is spread across nine states in the country, a company statement said. It also said that last year, Avaada recorded an installation of 1 GW gigawatts, the largest among all renewable energy independent power producers IPPs in India. The feat was achieved amid COVID-induced challenges like supply chain disruptions in India and abroad, […]
Avaada Energy Emerges Lead Suitor To Acquire 340 MW Solar Power Assets of Essel Group – EQ Mag Pro
Avaada Energy is owned by Vineet Mittal, the former promoter of Welspun Energy. He left the Welspun Group after selling the entire 1.1 GW renewable energy portfolio of Welspun Energy To Tata Power for $1.4 billion. Entrepreneur Vineet Mittal-controlled renewable energy firm Avaada Energy has emerged as the front-runner to acquire around 340 MWs of […]
Thailand’s Global Power System Acquires 41% Stake in Avaada Energy
The acquisition has been made through Global Renewable Synergy Company Ltd, a wholly-owned subsidiary of Global Power Synergy Public Company Limited. Thailand based Global Power Synergy Public Company Limited (GPSP) has bought 41.6 per cent shareholding in Avaada Energy Private Limited at an enterprise value of THB 14,825 million. The acquisition has been made through […]
