Avaada Group
India's installed renewable energy capacity is expected to increase to about 170 GW by March 2025 from the level of 135 GW as of December 2023
Avaada Group is a leading Indian clean energy conglomerate focused on renewable power generation, green hydrogen, green ammonia, and solar module manufacturing. Founded by Mr. Vineet Mittal, the group has installed over 4 GW of renewable energy capacity and is rapidly expanding into future-ready solutions like green hydrogen. Backed by prominent global investors such as Brookfield, ADB, and PTT Thailand, Avaada plays a pivotal role in India’s energy transition and sustainability goals.
- Vertically integrated clean energy company with businesses spanning solar, green hydrogen, green ammonia, and solar module manufacturing
- Global presence with partnerships and project footprints in Asia, Africa, and the Middle East
- Over 4,000 MW of installed renewable energy capacity across India
- In-house R&D and EPC capabilities, supported by cutting-edge engineering and digital energy platforms
- Backed by global institutional investors such as Brookfield Global Transition Fund, PTT Group (Thailand), and ADB
Avaada – Leading renewable energy company
| Year | Milestone |
|---|---|
| 2025 |
Avaada Group has signed an MoU with the Bihar government to develop 1 GW of renewable energy projects, including ground-mounted, floating, and community solar plants, as well as battery storage. The company will invest Rs. 5,000 crore (US$ 570.58 million), with the state supporting approvals and clearances. Received financial commitments worth Rs. 8,500 crore (US$ 992.9 million) for nine projects. Launched impactful climate initiatives ahead of World Environment Day. |
| 2024 |
Showcased leadership in green hydrogen at international forums. Partnered with Casale to develop India's largest green ammonia plant in Odisha, incorporating Swiss technology. |
| 2023 |
Raised Rs. 10,700 crore (US$ 1.3 billion) in funding, marking a milestone for Asia's green energy industry. Investors included Brookfield Renewables through its Brookfield Global Transition Fund (BGTF) and GPSC. |
| 2022 |
Installed a combined renewable energy capacity of 4 GW. Entered into the solar module manufacturing business. Signed MoUs with various state governments for green hydrogen and green ammonia production. |
| 2021 |
Raised Rs. 3,887 crore (US$ 454 million) from GPSC – PTT Thailand. Commissioned the world’s largest single-location solar plant by any IPP – 1,248 MW (DC) in Bikaner, Rajasthan. |
| 2019 |
Awarded a pipeline of approximately 2.2 GW of renewable energy projects. Raised Rs. 1,284 crore (US$ 150 million) from investors and the promoter’s family office. |
| 2018 |
Provided a successful exit to existing investors – ADB, DEG, FMO, and Proparco. |
| 2017 |
Added another 300 MW capacity in the first year as Avaada Energy. |
| 2016 |
Sold an operational portfolio of approximately 1.2 GW to Tata Power. The company underwent a demerger and was rechristened as Avaada Energy, adding 300 MW capacity in its first year. |
| 2014 |
Entered the wind energy sector with a 126 MW wind project in Rajasthan. |
| 2013 |
Commissioned Asia’s largest and the world’s second-largest solar project of 151 MW in Madhya Pradesh. Collaborated with global financial institutions like ADB, DEG, and GE as equity investors. |
| 2012 |
Commissioned India's largest single-location solar project at the time (55 MW) in Rajasthan and another 30 MW project in Gujarat. |
| 2011 |
Commissioned a 15 MW solar project in Gujarat, followed by 5 MW capacities across Rajasthan, Andhra Pradesh, and Gujarat. |
| 2009 |
Inception of the business energy |
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