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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 Group inks MoU with REC for a $1.8 bn Green Ammonia Project Financing

The MOU was executed with due ceremony in Bhubaneshwar, graced by the presence of CMD Vivek Kumar Dewangan of REC and Hemant Kumar Sharma, Principal Secretary, Industries Department, Govt. of Odisha.Read more

AVAADA Group partners with Tata Steel SEZ for Green Hydrogen & Ammonia Unit in Odisha

The unit will be set up at Gopalpur Industrial Park in Ganjam district in Odisha. The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually.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

Avaada Group and Airtouch Solar join hands for robotic cleaning solutions

The agreement, pegged at approximately $ 2 million for a period of 25 years, will include the supply, erection, testing, commissioning, operation and maintenance of Airtouch robotic cleaning systems at Avaada solar farms.Read more

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