Avaada Energy

Sungrow Signs 650 MW Agreement With Avaada Energy to Supply PV Inverters

Sungrow has signed a 650 MW strategic agreement with Avaada Energy to supply 1500V inverter solutions for its upcoming solar PV projects in 2020. Sungrow, the global leading inverter solution supplier for renewables, signed a 650 MW strategic agreement with Avaada Energy to supply 1500V inverter solutions for its upcoming solar PV projects in 2020, […]

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MSEDCL 500 MW Solar Tender Receives Only 2 Bids Worth 350 MW

MSEDCL latest tender for the long-term procurement of power from 500 MW solar projects has received only two bids worth a combined 350 MW. The Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) latest tender for the long-term procurement of solar power from 500 MW of intra-state grid-connected projects (Phase – V) has been undersubscribed by […]

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Update: Avaada Energy appeal Against CERC Order At APTEL

On January 20, we had carried a story on the CERC (Central electricity Regulatory Commission) refusing to provide any relief to Avaada Energy in its petition against SECI (Solar Energy Corporation of India), for its project in Maharashtra. In an update to the same, Avaada Energy has informed us that they had obtained a stay […]

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The Total-Adani Deal- Impact on Indian Solar Sector

The announcement yesterday of a proposed JV between Total Total SA, the french energy major, and Adani Green Energy, the renewable energy arm of the Adani Group, for $510 million (approx Rs 3600 crores) is, to put it mildly, a surprise. After all, while not dire, the sector today faces multiple pressure points, the latest […]

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Karnataka’s Pavagada Reaches 1850 MW Milestone with 100MW Avaada Commissioning

The Pavagada Solar Park, a showpiece project for the Government of Karnataka as well as the International Solar Alliance (ISA) for its massive capacity (2050 MW) and  the way it managed all stakeholders including land owners, has just reached another milestone. Industry sources say that Avaada Energy has commissioned 100 MW at the park, taking […]

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Avaada Energy to Implement 2 GW Open Access Solar Plants

This renewable arm of Avaada Group has already commissioned more than 1.8 GW of renewable assets in the solar and wind space. Vineet Mittal-promoted Avaada Energy is in the process of implementing 2 GW of open access solar plants in five states i.e. Maharashtra, Tamil Nadu, Haryana, Karnataka and Orissa. This renewable arm of Avaada […]

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SECI Receives Bids For 2100 MW Against 1200 MW Solar Tender

The Solar Energy Corporation of India (SECI) has received bids for development of solar projects worth 2100 MW for its tranche-IV interstate transmission system (ISTS)-connected solar tender. The SECI solar tender for setting up of 1200 MW ISTS-connected solar projects in the country was oversubscribed by 900 MW after receiving bids from 7 developers worth 2100 […]

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Avaada Energy Secures Rs 1000 Cr Investment From ADB, DEG and FMO

Avaada is targeting an extensive portfolio of 5 GW solar projects across Asia and Africa of which about 2.4 GW capacities are under implementation. Avaada Energy has announced that it has received an investment of Rs 1,000 crore for financing its 2.4 GW solar energy portfolio of the targeted 5 GW capacity in Asia and Africa. The investment has come from Asian Development Bank; DEG, the […]

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ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada

The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030.  The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […]

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