Avaada Group on Wednesday said Kishor Nair has been appointed as the Chief Executive Officer (CEO) of its arm Avaada Energy. He has been serving the firm as its Chief Operating Officer (COO) since 2017, Avaada said in a statement. With 36 years of experience, he has been instrumental in developing Avaada Energy into the […]
AVAADA ENERGY WINS 421 MW (DC) SOLAR PROJECT IN INDIA – EQ Mag
Avaada has won the 421 MW (DC) ISTS-connected project for supplying solar power to Damodar Valley Corporation (DVC) – for the offered tariff of Rs. 2.70 (~$0.03) per kWh Mumbai : Avaada Energy, an arm of Avaada Group – India’s leading integrated energy enterprise with business interests across the energy transition value chain, has won […]
Viraj Profiles partners with Avaada Energy to install solar power plant – EQ Mag
New Delhi : Stainless steel maker Viraj Profiles on Thursday said that it has partnered with Avaada Energy to set up a 100MW captive solar plant at Tarapur. “Viraj Profiles along with Avaada Energy shall set up a Special Purpose Vehicle (SPV) to build a 100 MW captive solar plant,” the company said. In a […]
Avaada Energy Private Limited to Raise India’s Largest AAA rated Green Bond by any Renewable Energy Developer – EQ Mag Pro
Avaada Energy Private Limited to Issue Green Bonds for INR 1440 Cr (USD 192 million) at 6.75% making it India’s largest AAA rated green bond by any renewable energy developer. Mumbai: 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 […]
Avaada Energy Installed 1GW Capacity Last Year – EQ Mag Pro
The capacity is spread across nine states in the country, a company statement said. It also said that last year, Avaada recorded an installation of 1 GW gigawatts, the largest among all renewable energy independent power producers IPPs in India. The feat was achieved amid COVID-induced challenges like supply chain disruptions in India and abroad, […]
Avaada Energy Emerges Lead Suitor To Acquire 340 MW Solar Power Assets of Essel Group – EQ Mag Pro
Avaada Energy is owned by Vineet Mittal, the former promoter of Welspun Energy. He left the Welspun Group after selling the entire 1.1 GW renewable energy portfolio of Welspun Energy To Tata Power for $1.4 billion. Entrepreneur Vineet Mittal-controlled renewable energy firm Avaada Energy has emerged as the front-runner to acquire around 340 MWs of […]
Thailand’s Global Power System Acquires 41% Stake in Avaada Energy
The acquisition has been made through Global Renewable Synergy Company Ltd, a wholly-owned subsidiary of Global Power Synergy Public Company Limited. Thailand based Global Power Synergy Public Company Limited (GPSP) has bought 41.6 per cent shareholding in Avaada Energy Private Limited at an enterprise value of THB 14,825 million. The acquisition has been made through […]
Omers, Norfund in Talks to Pick Up 20% Stake in Avaada Energy For $200 million
Avaada Energy was founded in 2017 by former Welspun Energy promoter Vineet Mittal who left Welspun Group after it sold its renewable business to Tata Power for Rs 10,000 crore in 2016. Canada-based pension fund Omers and Norway government’s private equity arm Norfund are in talks to invest $200 million in Avaada Energy for a […]
Avaada Energy Gets Solar Award-‘Project Developer of the Year 2020-2021- Gold’
Avaada Energy wins the ‘Project Developer of the Year 2020-2021- Gold’. EQ organized the India National Level Solar eAwards 2020-21 on May 26, 2021. The event was powered by EQ iSearch and conducted through virtual mode for the solar industry of India. SB Energy shared this award with Avaada Energy. Avaada is a leading developer […]
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 […]
