Avaada Group to Invest $5 Billion to Develop 6 GW of Renewable Energy Projects in Gujarat

Avaada Group will invest around USD 4.81 billion for the development of 6000 MW hybrid wind-solar projects in Gujarat. The Avaada group signed an MoU with the Gujarat government during the Vibrant Gujarat global summit. The hybrid projects will be located in various districts of Gujarat, mainly in the Kutch region. Furthermore, the project is expected to generate over 17.5 billion units of green electricity.

The project will supply power to various utilities, including GUVNL (Gujarat Urja Vikas Nigam Ltd.), for captive use of Avaada’s green hydrogen projects. Green energy will be supplied to nearly 12.6 million households. Additionally, the project will generate 1200 direct and indirect jobs, which will contribute to local economic development.

Find Renewable Power Projects and Tenders in IndiaGet Started Now!

Vineet Mittal, Chairperson of Avaada Group, stated that apart from this new 6 GW project, Avaada group already has projects of 2 GW capacity that are operational or at various stages of implementation in the state of Gujarat  

The Avaada Group is involved in the manufacturing of solar modules, the generation of renewable energy, and the construction of extensive initiatives about sustainable aviation fuel, green hydrogen, green methanol, and green ammonia.

About Avaada Group

The Avaada Group is a leading integrated energy platform in India, focusing on renewable energy and sustainability solutions. Avaada Energy is a major developer of solar power projects, with over 4 GW of operational capacity and ambitious plans to reach 11 GW by 2025 and 30 GW by 2030.

Avaada has a state-of-the-art facility for manufacturing solar cells and modules, with an annual production capacity of 5 GW. This vertical integration helps them control costs and secure supply chains. Furthermore, Avaada is actively involved in the emerging green hydrogen and green ammonia spaces, with plans for manufacturing electrolyzers and producing green ammonia. Some of the upcoming projects executed by the Avaada Group include:

• Green Hydrogen and Ammonia Production Facility in Odisha
• Expansion of Solar Power Portfolio

Discover the Latest Renewable Energy Projects with Ease

Are you looking for a platform that gives you reliable, high-quality, and timely project insights for the latest renewable energy projects in India?

Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent updates regarding Renewable Energy Projects in India and faster across various stages of development:

• Upcoming projects
• Tender Notices
• Contract award announcements
• Projects in progress or under construction
• Successfully completed projects.

The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.

With its user-friendly interface, this platform empowers you to gain early-stage awareness of projects and swiftly identify the right business opportunities.

Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.

Book a free demo to learn more about the Renewable Energy Projects and Tenders database and how we can help you achieve your goals.