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MERC Rules in Favor of Avaada Energy for Delay in Signing PPA

MERC Rules in Favor of  Avaada Energy for Delay in Signing PPA Case of Avaada Energy Pvt. Ltd. seeking issuance of appropriate Order(s)/ directions(s) to MSEDCL inter alia executing the power purchase agreement pursuant to the adoption of tariff by the Commission vide its Order dated 15 May 2020 and letter of award dated 17 […]

TNERC allows the petition with regard to the cost of the power injected

ADB to Invest $15 Million in Avaada Energy to Expand Renewable Energy Capacity in India

NEW DELHI, INDIA: The Asian Development Bank (ADB) has signed an agreement to invest $15 million in INR equivalent in Avaada Energy Private Limited (AEPL) to help the company to scale up photovoltaic solar energy generation capacity in India. This is ADB’s second investment in AEPL after a first round of $50 million invested in […]

US-China tensions threaten global climate change efforts

Avaada Energy appoints Bank of America to raise around $220 mn via stake sale

Three indicative term sheets received for buying stake, Avaada Energy has 1 GW operational capacity and a 3 GW pipeline. India aims to have 175 GW of clean energy capacity by 2022, including 100GW from solar projects NEW DELHI: It’s deal time in India’s green energy space. In what will rank among the largest renewable […]

Schneider, AES investment takes Uplight’s valuation to $1.5 bln

Avaada Energy will invest in Maharashtra to setup 350 MW Solar Power Plant

~ Avaada Energy has received a letter of award from Maharashtra State Electricity Distribution Co Ltd. (MSEDCL) to develop a 350 MW solar project in Maharashtra. ~ Mumbai: Avaada Energy, India’s leading Renewable Energy Producer, has been accorded a Letter of Award (LoA) to develop a 350 MW solar project in Maharashtra from MSEDCL. The […]

US-China tensions threaten global climate change efforts

Avaada Group’s Clean Energy Business Receives USD 15 Million Investments from Proparco

~ USD 15 Million investments received from Proparco ~ ~Company has currently 3.4 GW of renewable portfolio including under implementation projects and is targeting to expand to 5 GW over next two years ~ ~ Earlier this year, Company has so far raised over INR 1450 crores in equity funding from  ADB, DEG,FMO and Promoters~ […]

US-China tensions threaten global climate change efforts

PROPARCO Makes $15 M Equity Investment in Avaada Energy

PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. PROPARCO provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America, and the Middle-East and seeks to partner with projects in key development […]

US-China tensions threaten global climate change efforts

Avaada Energy implementing 2GW of open access solar plants

The company has over 500 MW of open access solar plants portfolio, one of the largest in India. Leading corporates, MNCs, IT and manufacturing giants are among its client base The company has over 1.8 GW of commissioned renewable assets in India till date Mumbai: Avaada Energy, one of the leading Independent Power Producers (IPP) […]

US-China tensions threaten global climate change efforts