Avaada Secures ₹315 Crore for Karnataka Solar Project

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.

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.

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.

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

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

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.

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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