Avaada Energy has secured a 280 MW solar project through tariff-based competitive bidding in an auction by Rajasthan Urja Vikas Nigam Ltd.RUVNL (RUVNL).
Image: Avaada
From pv magazine India
Avaada Energy, a unit of Avaada Group, has secured a 280 MW (DC) solar project from RUVNL. It will set up the state transmission grid-connected PV power project in the Indian state of Rajasthan.
The company won the project through tariff-based competitive bidding in an auction. The project will supply the power to RUVNL over a period of 25 years at a tariff of INR 2.62 ($0.032)/kWh. The commissioning period is 18 months from the award of the project.
“The plant is estimated to generate about 500 million units per annum, which will help to reduce 4,65,500 tons of CO2 equivalent emissions annually. The solar project can potentially power 3.6 lakh households with green energy,” said Avaada.
Avaada Group engages in various energy-related businesses, including manufacturing solar modules and electrolyzers, as well as renewable power generation, green hydrogen, and green ammonia production.
Its current renewable energy portfolio stands at 4 GW, with targets to reach 11 GW by 2026 and 30 GW by 2030.
In addition, the group has expanded into solar PV supply chain operations through the manufacturing of solar cells and modules. Avaada Energy has gained strategic investment from GPSC, a subsidiary of Thailand-based PTT Group.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
More articles from Uma Gupta
Please be mindful of our community standards.
Your email address will not be published.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
By subscribing to our newsletter you’ll be eligible for a 10% discount on magazine subscriptions!
Legal Notice Terms and Conditions Privacy Policy © pv magazine 2023
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to “allow cookies” to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click “Accept” below then you are consenting to this.
Close