Tags: Avaada Energy

Avaada Energy wins 320 MW solar project auctioned by NHPC

Avaada Energy won 320 MW out of  2 GW solar project auctioned by hydro power major National Hydroelectric Power Corporation (NHPC). The auction was conducted through e-reverse bidding ,the auction took place during the COVID-19 induced global lockdown. The successful online auction would entail capex of over Rs 11,000 crores. Other winners in the auction […]

Read more

Meet five successful bidders for 2 GW solar projects auctioned by NHPC

SoftBank, O2, Axis Energy Ventures, EDEN Renewables and Avaada Energy have emerged as successful bidders for 2,000 megawatts (MW) solar energy projects, entailing an investment of Rs 11,000 crore, in an auction concluded last week. “SoftBank got the maximum 600 MW in the auction conducted by state-run NHPC followed by Axis Energy Ventures (Brookfield promoted) […]

Read more

Avaada Energy bags over USD 143 million investment from multi-lateral agencies

Avaada Energy Pvt Ltd has announced that it has bagged USD 143.7 million investment from multi-lateral agencies including Asian Development Bank for financing its 2.4 GW renewable energy portfolio. Avaada Energy has set a target to develop 5 GW of renewable energy projects across Asia and Africa over the next two years. The 2.4 GW […]

Read more

ADB inks an agreement to invest USD 50 million in Avaada Energy

Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International […]

Read more