![Avaada Group](https://parsers.vc/logo/2e3523d6-3452-4b2e-b2dd-3b2b9add9049-1.webp)
Avaada is derived from 'Ayurveda' which means 'Science of life, and 'Vaada,' which implies a promise. True to its name, Avaada is engaged in actions aimed at crafting a sustainable future. At Avaada, we firmly believe that the present generation has a non-negotiable responsibility for preserving and nurturing the environment than ever before. It is even more critical as the actions we take today will determine the fate of human life on earth.
Following the above, we chose to be in the generation of clean energy. With inception in 2017, we have grown rapidly. We are one of India's leading renewable energy IPPs, with an operational capacity exceeding 1.5 GW and an under execution capacity of 3 GW is under an advanced stage of construction. Avaada is guided by a very experienced team under leadership of Mr. Vineet Mittal, a Harvard alumnus and one of the pioneers of renewable energy in India. Meeting infrastructural and quality standards, the group targets an extensive portfolio of 11 GW of renewable energy projects across by 2025.
Avaada has an equity partner in the form of PTT Group, Thailand, a fortune 500 company and one of the world's most prominent oil and gas players. Avaada is one of the very few players with in-depth expertise in Engineering, Procurement & Construction (EPC) capabilities. Our track record lends credence to our path-breaking solar solutions regarding technology, capacity, quality, execution speed, and total cost of ownership.
Our emphasis on systems and processes runs strong. It enables us to improve our project delivery capabilities consistently. At Avaada, we adopt the most modern, reliable technologies and execute every project in sync with our social inclusion initiatives. Our renewable energy projects have been accredited and certified by international organizations.
Following the above, we chose to be in the generation of clean energy. With inception in 2017, we have grown rapidly. We are one of India's leading renewable energy IPPs, with an operational capacity exceeding 1.5 GW and an under execution capacity of 3 GW is under an advanced stage of construction. Avaada is guided by a very experienced team under leadership of Mr. Vineet Mittal, a Harvard alumnus and one of the pioneers of renewable energy in India. Meeting infrastructural and quality standards, the group targets an extensive portfolio of 11 GW of renewable energy projects across by 2025.
Avaada has an equity partner in the form of PTT Group, Thailand, a fortune 500 company and one of the world's most prominent oil and gas players. Avaada is one of the very few players with in-depth expertise in Engineering, Procurement & Construction (EPC) capabilities. Our track record lends credence to our path-breaking solar solutions regarding technology, capacity, quality, execution speed, and total cost of ownership.
Our emphasis on systems and processes runs strong. It enables us to improve our project delivery capabilities consistently. At Avaada, we adopt the most modern, reliable technologies and execute every project in sync with our social inclusion initiatives. Our renewable energy projects have been accredited and certified by international organizations.
Location: India, Maharashtra, Mumbai
Employees: 501-1000
Phone: +91 11 6817 2100
Total raised: $572.86M
Founded date: 2009
Funding Rounds 2
Date | Series | Amount | Investors |
30.05.2024 | - | $37.86M | - |
30.04.2024 | - | $535M | - |
Mentions in press and media 27
Date | Title | Description |
11.07.2024 | Brookfield adds to India renewables portfolio with acquisition of Leap Green | Nawal Saini, MD and head of renewable power and transition, South Asia and the Middle East, Brookfield Canadian investment firm Brookfield Asset Management Inc has stepped up its play in India’s renewable energy sector with the acquisition ... |
30.05.2024 | Avaada Energy Closes INR 315 Cr Financing For Captive Solar Project In Karnataka This financing from AIFL, sanctioned as a 21-year project loan facility obtained on very competitive terms, demonstrate... | - |
29.05.2024 | Avaada Energy's Solar Project Illuminates Karnataka's Green Future | In a groundbreaking development, Avaada Energy, a prominent player in the renewable energy sector, has secured a substantial Rs 315 crore financing from Aseem Infrastructure Finance for a captive solar project in the picturesque Kalaburagi ... |
29.05.2024 | Avaada Energy closes ₹315 crore financing for captive solar project | Avaada Energy on Wednesday said that it has successfully closed financing of around ₹315 crore (about $38 million) from Aseem Infrastructure Finance (AIFL). Avaada Energy is part of the Avaada Group. AIFL is an IFC (Infrastructure Finance C... |
30.04.2024 | Avaada Energy Successfully Closes INR 4,471 Cr Refinancing for its Four Solar Projects in Rajasthan | - |
30.04.2024 | Avaada Energy Successfully Closes INR 4,471 Cr Refinancing for its Four Solar Projects in Rajasthan | MUMBAI, India, April 30, 2024 /PRNewswire/ -- Avaada Energy, the renewable energy arm of Avaada Group, is pleased to announce the successful closure of one of the largest refinancing transactions in India's renewable energy sector, securing... |
24.04.2024 | Avaada Energy's Financial Boost | India's Avaada Energy, a renewable energy powerhouse, recently secured a massive $535 million refinancing deal from the state-owned National Bank for Financing Infrastructure and Development (NaBFID). This injection of funds will undoubtedl... |
23.04.2024 | Avaada Energy Shines Bright with 250 MW Hybrid Project | Avaada Energy, a shining star in renewable energy, secures a massive 250 MW solar-wind hybrid project from NTPC. This win highlights Avaada's dedication to sustainable energy solutions and innovation. By blending solar and wind power, Avaad... |
23.04.2024 | Avaada bags 250 MW hybrid project | POWER & RENEWABLE ENERGY Avaada bags 250 MW hybrid project 23 Apr 2024 3 Min Read CW Team Avaada Energy, a frontrunner in the renewable energy sector, has emerged victorious in securing a substantial 250 MW solar-wind hybrid project fro... |
23.04.2024 | Avaada Energy Wins 250 MW Hybrid Project | POWER & RENEWABLE ENERGY Avaada Energy Wins 250 MW Hybrid Project 23 Apr 2024 3 Min Read CW Team Avaada Energy, a frontrunner in the renewable energy sector, has emerged victorious in securing a substantial 250 MW solar-wind hybrid proj... |
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