SECI’s 9.29 GW Of Renewable Projects Still Await Buyers Updated On Tue, Dec 3rd, 2024 by Saurenergy The growth in tendering for utility-scale projects marks the progress within the renewable energy sector. Recent data shared by the Solar Energy Corporation of India (SECI) indicated a list of renewable projects that are yet to see buyers. As per the prescribed practice, the renewable project developers who win tenders through SECI tie up with […] Read more
Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
Avaada Energy Secures 820 MWp-Hybrid Project From SJVN Updated On Mon, Jul 1st, 2024 by Saurenergy Mumbai-based Avaada Energy, a subsidiary of Avaada Group secured an 820 MWp Hybrid-Inter-State Transmission System (ISTS) capacity in the recent e-Reverse Auction (e-RA) held in June 2024. This project was awarded by SJVN Limited, as confirmed in the Letter of Award (LoA). Vineet Mittal, Chairman of Avaada Group, stated, “Securing 820 MWp-hybrid-ISTS capacity is a […] Read more
KPI Green Leads Again With Lowest Bid In 500 MW GUVNL Auction Updated On Tue, Jun 11th, 2024 by Saurenergy Surat-based KPI Green Energy (Rs2.67), Avaada Energy (Rs 2.68), Solarcraft Power India -BluPine (Rs 2.69) , Hinduja Renewables and NRC Industries (Rs 2.72) have emerged winners in the 500 MW solar auction from Gujarat Urja Vikas Nigam Limited (GUVNL). The tender, released in March this year, continues the trend of state discoms attracting bids over […] Read more
Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project Updated On Wed, May 29th, 2024 by Saurenergy The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power […] Read more
Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
Avaada Energy Secures Rs 4,471 Cr Refinancing For Rajasthan Solar Projects Updated On Fri, Apr 19th, 2024 by Saurenergy Avaada Energy, the renewable energy arm of Avaada Group, has announced the successful closure of one of the largest refinancing transactions in India’s renewable energy sector, securing about Rs 4,471 crore from the state-owned lender, the National Bank for Financing Infrastructure and Development (NaBFID). This refinancing transaction, conducted under a Restricted Group (RG) structure, encompasses […] Read more
CERC Order Paves Way For Bundling RE With Thermal For DVC Updated On Wed, Mar 6th, 2024 by Saurenergy In an important order dated March 5 that paves the way for the signing of PPAs between Damodar Valley Corporation (DVC) on one side and ReNew Power and Avaada Energy for 500 MW of solar procurement, the Central Electricity Regulatory Commission (CERC) adopted the discovered tariffs proposed by DVC. The tariffs are notable for being […] Read more
Avaada Energy Secures Over 1400 MWp Solar Project Across India Updated On Fri, Feb 9th, 2024 by Saurenergy Avaada Energy, a key entity in the Avaada Group’s renewable energy division, has recently announced an acquisition of approximately 1400 MWp in solar energy projects through recent tenders issued by central and state government agencies in India. Vineet Mittal, Chairperson of Avaada Group said, “Marking a significant stride in India’s renewable energy journey, Avaada Energy […] Read more
