Avaada Energy to implement 2GW of open access PV plants in India

Facebook
Twitter
LinkedIn
Reddit
Email
These PV installations are being built for corporations who are looking to optimize their operating costs and meet their green energy needs through solar, rooftop and hybrid-energy solutions. Image: Robert Scoble / Flickr

Indian IPP Avaada Energy is in the process of implementing 2GW of open access solar plants in states like Maharashtra, Tamil Nadu, Haryana, Karnataka and Orissa. Avaada currently has a portfolio of over 500MW of open access solar plants for various commercial and industrial companies. 

These PV installations are being built for corporations who are looking to optimize their operating costs and meet their green energy needs through solar, rooftop and hybrid-energy solutions. Usually, a corporation can save up to 30-50% of its electricity costs by switching to open access solar solutions. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Vineet Mittal, chairman of Avaada Energy, said: “Avaada continues to contribute to India’s green energy revolution led by Honorable PM Narendra Modi. Open access is a highly credible and economical solution for corporates looking to bring down their electricity bills and CO2 emissions significantly. We are already working with some of the leading MNCs who have committed to switch to 100% renewables.”

Avaada Energy has raised approximately US$145 million from investors such as the Asian Development Bank (ADB), Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft (DEG), Dutch Development Bank, Netherlands Development Finance Company (FMO) and others. The company plans to develop a 5GW renewable energy portfolio in Asia and Africa by 2022.

Read Next

June 23, 2025
Waaree Energies will relocate its proposed 6GW vertically-integrated manufacturing facility for ingots, wafers, cells, and modules in India.
June 17, 2025
Indian module manufacturer Ahaan Solar has started construction of a 2GW solar module assembly plant in Rohnat, Haryana.
June 16, 2025
The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.
June 13, 2025
Indian solar developer Solarium Green Energy has planned to build a 1GW module manufacturing plant in the western Indian state of Gujarat.
Premium
June 12, 2025
PV Talk: Vinay Rustagi, director of Indian solar manufacturer Premier Energies, discusses the company’s upstream manufacturing plans and why he believes India can become a counterweight to Chinese PV hegemony.
June 12, 2025
Waaree Solar Americas will supply 599MW of solar modules supply agreement to an undisclosed US-based independent power producer (IPP).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico