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 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
QatarEnergy has signed an EPC agreement with Samsung C&T for its 2GW Dukhan project. 
September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA