Avaada Energy wins 280 MW solar project in Rajasthan, to generate 500 million units of clean energy annually

, a subsidiary of the Avaada Group, announced on Tuesday that it has been awarded a 280-megawatt (MW) project in a tariff-based competitive bidding process conducted by Rajasthan Urja Vikas Nigam Limited (RUVNL). The company's official press release stated that the power produced from this project will be supplied to RUVNL at a tariff of Rs 2.62 per unit for 25 years.

The project is expected to generate approximately 500 million units of clean energy per year, resulting in a reduction of 465,500 tonnes of carbon dioxide equivalent emissions annually. This is a significant milestone for Avaada Energy, which is committed to making a significant contribution to 's green energy sector.

See also: Avaada secures $1.07bn for Green Hydrogen and Ammonia projects in India

Kishor Nair, CEO of Avaada Energy, stated, “We are confident that these types of projects, which are created in partnership with the government, will lead India towards a more sustainable future.” The company anticipates that the project will be commissioned within 18 months and will be capable of providing green energy to 360,000 households.

The awarding of this project to Avaada Energy underscores the company's dedication to increasing India's capacity while also benefiting the environment. This project will not only generate significant quantities of clean energy but will also create employment opportunities and contribute to the country's economic growth.

1 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use