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India's green hydrogen initiative garners interest, major players sit out initial subsidy auction
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.Read more
REC commits over Rs 40,000 cr for 2 Green Hydrogen, power projects in Odisha
The MoUs signed exemplify REC's commitment to fostering development and sustainability in the region.Read more
Avaada Energy gets LoI for 400 MW DC Solar Project from GUVNL
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. Read more
Brookfield making sustainable energy investment for $1 bn in Avaada Ventures
A formal agreement was signed recently between Canadian investor Brookfield and serial entrepreneur Vineet Mittal, founder of the Avaada group to invest into country biggest sustainable energy investment, told people aware on the topic demanding anonymity.Read more
Solar market in a bright spot
As India looks to become a net-zero economy by 2070, the country’s renewable sector can have an economic impact of over $ 1 trillion by 2030 and $15 trillion by 2070, as per CII-Mercom report. But, how much of this transition towards green energy will be powered through locally manufactured components and systems, says Rakesh Rao.Read more
Avaada aims to become 30 GW company by 2030
In this interaction with Rakesh Rao, Vineet Mittal, Chairman, Avaada Group, explains the relevance of solar energy to achieve India’s renewable energy goals and how Avaada is playing a role of an enabler in this green journey.Read more
