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Home › Business ›Avaada Signs INR 36,000 Cr MoU with Gujarat Govt for 5 GW Solar, 1 GW Wind and 5 GWh BESS Projects

Avaada Signs INR 36,000 Cr MoU with Gujarat Govt for 5 GW Solar, 1 GW Wind and 5 GWh BESS Projects

Avaada Group has signed an MoU with the Gujarat government to invest INR 36,000 crore in 5 GW solar, 1 GW wind, and 5 GWh battery storage projects. The projects are expected to commence between 2027-2030.

October 09, 2025. By Mrinmoy Dey

Avaada Group, a diversified energy conglomerate, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for investing an aggregate amount of INR 36,000 crore across Solar, Wind and Battery Energy Storage System (BESS) projects in the State.

Under the agreement, Avaada Group will establish 5 GW capacity of Solar Power Projects, 1 GW capacity of Wind Power Project and 5 GWh capacity of BESS Projects across Kutchh, Banaskantha and Surendranagar districts of Gujarat. This will help enhance grid reliability by ensuring efficient storage and dispatch of green power. All the projects are expected to commence between 2027-2030.

The projects together are estimated to generate over 1000 direct and 2,000 indirect green jobs in the State. Additionally, these projects are expected to generate employment opportunities for close to 5,000 people during the construction phase, said the company in a statement.

Gujarat Chief Minister Bhupendra Patel said, “Avaada Group has been a trusted partner in Gujarat’s renewable energy journey since signing its first 40 MW MoU sixteen years ago. Their new INR 36,000 crore investment in solar, wind, and battery storage further strengthens our shared vision for sustainable growth. The Government of Gujarat has assured full support for the speedy implementation of these projects, as Round-the-Clock green power is essential for realising Prime Minister Narendra Modi’s vision of a Viksit Bharat.”

Union Minister for New and Renewable Energy Pralhad Joshi said, “India’s journey towards energy independence is being powered by visionary partnerships and bold investments like this. Avaada Group’s commitment to developing large-scale solar, wind, and battery storage capacity in Gujarat will not only strengthen our green energy ecosystem but also help us achieve the Prime Minister’s vision of Atmanirbhar Bharat and Net Zero by 2070. The Ministry of New and Renewable Energy welcomes such initiatives that combine innovation, sustainability, and employment generation, making India a global leader in the clean energy transition.”

Vineet Mittal, Chairman of Avaada Group, said, “Our solar power journey started with India’s first large-scale, ground-mounted 15 MWp solar plant in Gujarat. With the signing of this MoU, we are proud to partner with the Government of Gujarat in its journey towards sustainable growth. We believe this investment is a step forward in realising India’s renewable energy ambitions, enhancing energy security and reducing carbon emissions. At Avaada Group, we are firmly committed to expanding all the renewable sources of energy and making RE as reliable as conventional power to supply round-the-clock green power at an affordable price and shape a sustainable, self-reliant nation.”

Together, these projects will accelerate the State’s transition to clean and affordable energy, along with delivering firm green power beyond solar hours through advanced battery storage. The integrated renewable portfolio will significantly enhance grid reliability, while cutting down more than 12 million tons of CO₂ emissions and conserving approximately 166 million litres of water annually through robotic module cleaning technology.

Avaada Group’s 280 MW solar power project at Surendranagar in Gujarat was recently inaugurated by PM Modi. Developed under the Gujarat State Solar Policy, the project spans over 1,170 acres in the villages of Tavi and Varsani in Surendranagar district and entails a total investment of INR 1,500 crore. It is equipped with Avaada Electro’s ALMM-certified, Made in India TOPCon N-Type bifacial solar PV modules, reflecting a strong emphasis on domestic manufacturing and technological innovation.

PM Modi also laid the foundation stone for the company’s 100 MW solar power project in Vadodara district. Spread across 350 acres, the project is expected to entail a total investment of INR 400 crore.

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