Avaada Energy to Implement 2 GW Open Access Solar Power Plants Across 5 Indian States

Avaada Energy has announced that is in the process of executing 2 GW of open access solar plants in Maharashtra, Tamil Nadu, Haryana, Karnataka, and Odisha, the company said in an official release.

According to the company, the plants were being built for corporates who are looking to optimize their operating costs and meet their energy needs through solar, rooftop and hybrid energy solutions.

Avaada Energy had previously this year raised over Rs 1,000 crore from Asian Development Bank, Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft, Dutch Development Bank, Netherlands Development Finance Company and promoters.

Vineet Mittal, Chairman, Avaada Energy believed, “Avaada continues to contribute to India’s green energy revolution led by PM Narendra Modi. Open access is a highly credible and economical solution for corporates looking to bring down their electricity bills and CO2 emissions significantly. We are already working with some of the leading MNCs who have committed to switch to 100 per cent renewables.”