Solar Giant Avaada Energy Secures Landmark 1,050 MWp Project

Avaada Energy has achieved a significant milestone by securing a solar project of 1,050 MWp in a bidding process conducted by NTPC, India's leading renewable energy implementing agency (REIA). This marks the largest bid of its kind in NTPC's tender history, underlining Avaada's strong foothold and expertise in the renewable energy sector.

The company emerged victorious with a winning bid at a tariff of Rs 2.69 per kWh, showcasing its competitiveness and commitment to delivering cost-effective clean energy solutions. The project is slated to be completed within 24 months from the signing of the 25-year power purchase agreement (PPA), ensuring a swift transition towards sustainable power generation.

This remarkable achievement further bolsters Avaada's already impressive portfolio, which now boasts a cumulative capacity of 15 GW across various projects in India. The company's extensive portfolio, inclusive of both letters of award and PPAs, reflects its innovative strategies and unwavering dedication to excellence in the renewable energy sector.

By securing this significant solar project, Avaada reaffirms its position as a key player in India's renewable energy landscape, contributing to the nation's ambitious goals for clean energy generation and sustainable development. With its track record of successful project execution and commitment to environmental stewardship, Avaada continues to pave the way towards a greener and more sustainable future for India and beyond.

News by Rahul Yelligetti