Avaada Group

In June 2026, Avaada Group is set to operationalise India’s largest solar cell manufacturing facility in Nagpur with an annual production capacity of 6 GW, marking a significant milestone in strengthening domestic solar manufacturing capabilities. The facility forms part of Avaada’s vertically integrated clean energy ecosystem, which already includes 7 GW of solar module manufacturing capacity. With a total planned investment of around Rs. 13,000 crore (US$ 1.38 billion), the project is expected to reduce India’s dependence on imported solar cells and support the country’s vision of building a self-reliant renewable energy supply chain.

On May 31, 2026, Avaada Group plans to add 5 GW of renewable energy capacity in FY27, accelerating its expansion across solar, wind, and battery energy storage projects. With this addition, the company’s operational capacity is expected to reach 12 GW by March 2027, strengthening its position in India’s fast-growing clean energy sector. Avaada has also outlined an ambitious target of achieving 30 GW of renewable energy capacity by 2030, reinforcing its long-term commitment to supporting India’s decarbonisation and energy security goals.

On May 13, 2026, Avaada Energy is expanding its footprint in Uttar Pradesh with new solar and battery-backed renewable energy projects, reinforcing its commitment to strengthening clean power infrastructure in the state. The company is developing an 85 MW solar project in Chitrakoot, while also scaling up its solar module manufacturing capacity in Greater Noida and Hathras to 6-7 GW. In addition, Avaada is executing a 590 MW Firm and Dispatchable Renewable Energy (FDRE) project supported by 2,500 MWh battery energy storage, aimed at ensuring reliable green power supply during peak demand periods.

On May 8, 2026, Avaada Group has crossed a significant milestone by expanding its renewable energy portfolio to over 17.7 GWp, including more than 7.2 GWp of operational capacity and around 10.5 GWp under construction. The company added over 2 GWp during FY26, reflecting strong execution capabilities and accelerated project development across solar, wind, hybrid, FDRE, and storage solutions. This growth reinforces Avaada’s position as one of India’s fastest-scaling clean energy players and strengthens its contribution towards the country’s energy security and decarbonisation goals.

In December 2025, Avaada Group signed an MoU with GRIDCO and IIT Bhubaneswar to establish a Centre of Excellence for green hydrogen in Odisha. The initiative will focus on integrated research, innovation, and technology development across the hydrogen value chain, including energy storage, industrial applications, and mobility. Under the partnership, Avaada will develop dedicated research infrastructure, while GRIDCO will act as the implementing agency and IIT Bhubaneswar will serve as the academic partner. The project aligns with India’s National Green Hydrogen Mission and aims to strengthen the country’s clean energy innovation ecosystem.

On October 10, 2025, Avaada Group signed a memorandum of understanding with the Government of Gujarat to invest Rs. 36,000 crore (US$ 4.3 billion) in developing 5 GW of solar, 1 GW of wind and 5 GWh of battery energy storage system projects across Kutch, Banaskantha and Surendranagar districts to boost grid reliability and renewable power supply.

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.

Showcased leadership in green hydrogen at international forums. Partnered with Casale to develop India's largest green ammonia plant in Odisha, incorporating Swiss technology.

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.

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.

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.

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.

Provided a successful exit to existing investors – ADB, DEG, FMO, and Proparco.

Added another 300 MW capacity in the first year as Avaada Energy.

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.

Entered the wind energy sector with a 126 MW wind project in Rajasthan.

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.

Commissioned India's largest single-location solar project at the time (55 MW) in Rajasthan and another 30 MW project in Gujarat.

Commissioned a 15 MW solar project in Gujarat, followed by 5 MW capacities across Rajasthan, Andhra Pradesh, and Gujarat.

Inception of the business energy