Avaada Secures ₹315 Crore for Karnataka Solar Project

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Avaada Energy is a leading renewable power generator in India, focusing on solar PV, green hydrogen, green ammonia, green methanol, sustainable aviation fuel, and pumped hydro.

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Avaada aims to reach 30 GW of renewable energy capacity by 2030, impacting 1 million lives and helping India reduce carbon emissions with a $20 billion asset base.

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Avaada secured ₹315 crore from Aseem Infrastructure Finance Ltd for a 210 MW captive solar project in Karnataka, partnering with the Karnataka Cooperative Milk Producers' Federation.

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The Karnataka project, set for completion in Q3 FY25, promotes energy independence for industrial consumers and aligns with Avaada’s sustainability strategy.

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Aseem Infrastructure Finance’s 21-year project loan highlights investor confidence in Avaada’s renewable energy initiatives and strong project financing capabilities.

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Avaada plans to achieve 11 GW of renewable capacity by 2026, furthering India’s renewable energy goals and supporting the country’s shift towards sustainable energy.

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The global solar PV sector's rapid growth fuels Avaada's expansion, with increasing installed capacities in the US, China, and the EU reflecting a global shift towards sustainable energy.

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