Avaada Energy acquires 1,400 MWp solar project in India

The power purchase agreement will span 25 years.

India-based Avaada Energy won the bid for the largest solar project in India, with 1400 MWp, through an e-Reverse auction led by NHPC Ltd., the Renewable Energy Implementing Agency of the Government of India.

In a statement, the project showed Avaada Energy's commitment to competitive pricing with a winning tariff of Rs. 2.53 per kWh (~$0.0304).

The ensuing Power Purchase Agreement (PPA) will last 25 years, with the ambitious project slated for completion within a 24-month timeframe.

The solar facility is expected to produce an estimated 2500 million units of renewable energy each year, contributing significantly to India's green energy supply and powering nearly 1.8 million rural households.

The environmental impact of this initiative has an expected annual reduction of over 2.3 million tons of CO2 emissions.

Follow the link for more news on

Avaada Energy

Also Read

Is Santos' proposed Bayu-Undan CCS project a Pipe Dream?

Vietnam eyes eliminating 358.7 million tonnes of greenhouse gas emissions

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit