Vineet Mittal

In Conversation with Vineet Mittal, Director & Co-founder, Navitas Solar

Navitas Solar has been a well respected player in the solar sector with 200 MW of installed manufacturing capacity in the country. It produces state-of-the-art mono/multi crystalline solar photovoltaic (PV) modules for supply to both on-grid and off-grid residential, commercial as well as industrial establishments. The Surat-based company also provides a complete lifecycle of solar […]

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Avaada Issues Largest Tranche of AAA Rated Green Bonds for $192 Million

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 Indian capital market at 6.75% making it India’s largest AAA rated Green Bond by any renewable energy developer. The bonds are certified by Climate Bonds Standard Board of the Climate Bonds […]

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5 Points to Keep in Mind Before Installing a Residential Solar System

The advantages of taking on Solar energy by homeowners are being talked about a lot. From saving up to 80% on monthly electricity bills to promoting a sustainable society, going solar has proven to be a rewarding investment for homeowners all over the country. Diminishing energy utilization from the grid and switching to solar technology […]

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Budget 2022. Domestic Manufacturers Smile, Rest Stay With Wait And Watch

Finance Minister Nirmala Sitharaman’s Budget 2022 announcements for the renewable sector might have seemed relatively few beyond the key announcement of an additional Rs 19500 crore the PLI scheme, but industry players have focused on the many positives beyond that. Vineet Mittal, Chairman, Avaada Group, besides highlighting the PLI move and the announcement of green […]

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FM Assures Manufacturer Associations Of BCD As Promised, From April 1, 2022

Finance minister Nirmala Sitharaman has assured delegation of domestic solar manufacturers that the Basic Customs Duty (BCD) that was announced on modules and cells almost 9 months back, will be implemented as scheduled, from April 1, 2022. This is basis a release shared by NIMMA, or the North India Module Manufacturers Association,  which was among […]

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India At 75 And Beyond. Solar’s Starring Role

India’s Climate Pledges Prime Minister Narendra Modi’s pledge at the COP26 Climate Summit at Glasgow, not only laid down the roadmap for India to scale up contribution of renewable energy in the overall energy blend, it also set the ball rolling for exploring a new industrial model. India, which is the third largest emitter of […]

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Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores

Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […]

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Avaada Energy Gets LoA from MSEDCL to Develop 350 MW Solar Plant in M’rashtra

Vineet Mittal-led Avaada Energy, a leading solar energy developer, has secured the Letter of Award (LoA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop 350 MW solar photovoltaic (PV) project in the state. Mumbai-headquartered Avaada Energy said in a statement that “it has been accorded a Letter of Award (LoA) to develop a […]

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The Power Minister and Power Honchos In Virtual Open House. Report

At a virtual meet organized by the Confederation of Indian Industry (CII) today, Shri R.K. Singh, Minister for Power, New and Renewable Energy joined leaders from the power sector for a frank and open discussion on the key issues facing the sector. Broadcast live on Youtube, the discussion made for a great example of engagement […]

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