Schedule a Call Back
Avaada Energy gets LoI for 400 MW DC Solar Project from GUVNL
Industry News- Jun 21,23
The company has won 200 MW under base capacity at a tariff of Rs 2.75/kWh and another 200 MW under green shoe option at a tariff of Rs 2.71/kWh from GUVNL under tariff-based competitive bidding process followed by an e-Reverse auction.
Avaada Energy, an arm of Avaada Group – India's leading integrated energy group with business interests in Renewable Power Generation, Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production, has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to set up 400 MW (DC) solar project.
The company has won 200 MW under base capacity at a tariff of Rs 2.75/kWh and another 200 MW under green shoe option at a tariff of Rs 2.71/kWh from GUVNL under tariff-based competitive bidding process followed by an e-Reverse auction.
Post commissioning, the plant will produce 740 million units of green electricity per year, leading to a reduction of approx. 6,88,940 tons of CO2 equivalent emissions annually. This solar project has the potential to provide green power to around 5 lakhs households.
As per the bid terms, the solar power generated from the project will be supplied to GUVNL for 25 years, and the projects will be commissioned within 18 months from the date of execution of the Power Purchase Agreements (PPAs).
Kishor Nair, CEO of Avaada Energy, said, “This is another feather in our cap as winning project in Gujarat will further strengthen our renewable energy footprints in the state. We shall strive to continue making significant contribution in the country’s journey towards building a sustainable future.”
Avaada Energy
Avaada Group
Renewable Power Generation
Solar Module Manufacturing
Electrolyser Manufacturing
Green Ammonia
Letter of Intent (LoI)
Gujarat Urja Vikas Nigam Limited (GUVNL)
Solar Project
Power Purchase Agreements (PPAs)
Kishor Nair
Related Stories
Electrical & Electronics
Hindustan Power Secures 1 GW Solar and 0.75 GWh Storage Projects in 2025
Hindustan Power has added nearly 1 GW of solar capacity and over 0.75 GWh of battery storage through multiple projects secured across Indian states in 2025.
Read moreAuto & Auto Components
CEAT Partners CleanMax for 59 MW Hybrid Wind–Solar Power Project
CEAT has partnered with CleanMax to source ~59 MW of hybrid wind–solar power for its Halol and Kanchipuram plants, boosting clean energy use to around 60 per cent and cutting emissions significant..
Read moreElectrical & Electronics
Waaree Energies Sets India First With 1 GW Solar Module Output in a Month
Waaree Energies has become the first Indian solar manufacturer to produce over 1 GW of modules in a single month, marking a major milestone for India’s renewable energy manufacturing sector.
Read moreRelated Products
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
