Avaada Power signs MoU for 1.6GW of solar in Uttar Pradesh

Facebook
Twitter
LinkedIn
Reddit
Email
Avaada Power is made up of many of the team from former solar pioneer Welspun Renewables. Credit: Welpsun/Tata Power

Indian renewable energy project developer Avaada Power has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to invest US$1.55 billion for the development of 1.6GW of solar projects in the state.

The projects will be developed across Mirzapur, Badun, Gorakhpur and Bundelkhand districts, creating nearly 3,700 jobs in the process, said Avaada in a release. The MoU was signed as part of ‘UP Investors Summit 2018’, in the presence of the chief minister of Uttar Pradesh Yogi Adityanath.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Uttar Pradesh has its own target for 2GW of solar each year. The state currently has an installed capacity of 569.35MW of PV and Avaada claims the state has the potential to reach 22.8GW. Last month, it also issued a tender for 1GW of solar projects.

Vineet Mittal, chairman, Avaada Group, who was founder of Welspun Energy and formerly chairman of Indian solar pioneer Welspun Renewables before it was acquired by Tata Power, said: “We are geared up to support Uttar Pradesh’s mission of utilizing the potential of the sun to power its development needs sustainably. We are working aggressively to help catapult the state on the clean energy trajectory. The state falls under high solar irradiation zone, which offers tremendous opportunities for expanding its clean energy portfolio.”

Avaada Power itself plans to set up gigawatts of solar projects across India, having already built nearly 1GW of capacity across 10 states. It has been active in some of last year's auctions that drew record low prices.

Read Next

September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 3, 2025
Developers Alight Neoen have commissioned the 100MWp Hultsfred Solar Farm in Småland, southern Sweden.
September 3, 2025
India has added 2.8GW of rooftop solar in H1 2025, a 158% year-on-year surge from just 1.1GW in the same period last year.
September 3, 2025
Singapore-headquartered independent power producer Peak Energy has broken ground on a 65MWp solar project in Isabela, in the Cagayan Valley region of northeast Luzon, Philippines. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines