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    • Avaada Energy bags 400 MW solar project from Gujarat Urja Vikas Nigam

      Avaada Energy bags 400 MW solar project from Gujarat Urja Vikas Nigam

      The company has won 200 MW under base capacity at a tariff of Rs 2.75/kWh and another 200 MW under a green shoe option at a tariff of Rs 2.71/kWh from GUVNL under a tariff-based competitive bidding process followed by an e-Reverse auction.

    • Canada's Brookfield to invest $1 billion in renewable energy firm Avaada: Report

      Canada's Brookfield to invest $1 billion in renewable energy firm Avaada: Report

      Recently, a formal agreement was signed between Brookfield and entrepreneur Vineet Mittal - founder of the Avaada group, and the first tranche of $400 million has been disbursed.

    • Avaada Energy gets 421 MW solar project from Damodar Valley Corporation

      Avaada Energy gets 421 MW solar project from Damodar Valley Corporation

      The project was awarded through a competitive bidding followed by an e-reverse auction in which Avaada emerged as the winner with a quoted tariff of Rs 2.70/kWh.

    • Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal

      Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal

      The group is adding capacity across its different verticals and aims to become a 30 GW firm by 2030. Mittal said its current business plan is fully funded.

    • Avaada Energy bags 300 mw solar project from MSEDCL

      Avaada Energy bags 300 mw solar project from MSEDCL

      Avaada Group has been declared one of the winners in an auction conducted by Maharashtra State Electricity Distribution Company (MSEDCL)

    • Avaada Energy's Rs 1,440 crore green bond issue oversubscribed

      Avaada Energy's Rs 1,440 crore green bond issue oversubscribed

      Avaada Energy is raising green bonds for Rs 1,440 crore (USD 192 million) in the Indian capital market at 6.75 per cent, making it India’s largest AAA-rated Green Bond by any renewable energy developer, the company said in a statement.

    • Avaada Energy emerges lead suitor to acquire 340 MW solar power assets of Essel Group

      Avaada Energy emerges lead suitor to acquire 340 MW solar power assets of Essel Group

      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.

    • Avaada Energy to set up 350 MW solar plant in Maharashtra

      Avaada Energy to set up 350 MW solar plant in Maharashtra

      The project has been awarded by Maharashtra State Electricity Distribution Company Ltd (MSEDCL), Avaada said in a statement.

    • Exclusive | Vineet Mittal-backed Avaada Energy eyeing up to $250m fund-raise

      Exclusive | Vineet Mittal-backed Avaada Energy eyeing up to $250m fund-raise

      The renewable energy firm is open to diluting minority stake, wants the money to expand and also bid for renewable energy assets, say sources.

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