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Avaada Energy said it installed 1 GW capacity last year, which is the largest among all the renewable energy independent power producers in India.
Avaada Energy, one of India’s leading renewable energy IPPs, has successfully commissioned 2.2 GW of utility-scale solar PV projects to date. The capacity is spread across nine states in the country.
Last year, Avaada recorded an installation of ~ 1 GW, the largest among all the renewable energy IPPs in India. The milestone holds special significance that the feat was achieved amid challenges caused by COVID, which manifested into major challenges like supply chain disruptions in India and abroad, steep hike in raw material prices, workforce issues etc.
On the back of sound performance, Avaada targets 5 GW installed capacity by Dec 2022 and 11 GW by 2025.
Speaking on occasion, Vineet Mittal, Chairman Avaada Group, said, “India is one of the fastest-growing markets for renewable energy across the globe. With its ambitious targets and commitments to a green future, we are confident that massive opportunities with unlock”.
At Avaada, we endeavour to contribute to clean energy development and ensure a sustainable future for posterity. The growth achieved in the last year is against all odds. With an experienced and committed at the helm of affairs, we are confident we will continue to grow at a rapid pace and remain synonymous with renewable development in the country, he added.