About Avaada

Avaada Group is India's leading integrated energy group with business interests in renewable power generation Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production. We at Avaada strongly believe India is uniquely positioned to grow significantly and become one of the top 3 economies globally in the current decade. We aim to work for our national energy security and to contribute positively to India's growth story. We are completely aligned with the 'Atmanirbhar Bharat' vision of Hon'ble Prime Minister of India Shri Narendra Modi and feel that it is the only way to fulfil the national ambitions in the current geopolitical landscape.

Avaada Energy, established in 2017, is the flagship company of the Avaada Group and is one of the fastest-growing renewable energy companies in India. The renewable energy arm has consistently been a top performer in the Indian RE space. It has commissioned a few of India's largest renewable energy projects across 11 states. Despite supply chain disruptions caused by COVID, the company managed uncertainties well and, during the period, commissioned the World's largest solar power plant with a capacity of 1.25 GW at a single location by an IPP in Bikaner, Rajasthan. Avaada has an EPC capability of executing 3 GW per annum renewable energy capacity, and in the current year, we have added 2 GW in 9 months. On the back of strong execution strength, the firm targets a RE installed capacity of 11 GW by 2025 and 30 GW by 2030.

Avaada Group is executing an integrated solar manufacturing plant with a facility to produce polysilicon, wafer, cells, and modules. The plant's first phase consisting of cells and modules, will be operational in 2023 and will cater to domestic and international markets.

Avaada Group is getting future-ready and has diversified in Green Hydrogen / Ammonia to cater to domestic and foreign markets. The group is also geared up for a new segment of business involving electrolyzer manufacturing.

Avaada Group, known for its rich expertise in EPC, is a leader in executing end-to-end projects. Avaada's path-breaking technological solutions, capacity, quality, execution speed, and total cost of ownership attracted equity funding from marquee investors from across the globe, such as Asian Development Bank (ADB, Asia), DEG (Germany), FMO (Netherlands) and Proparco (France). In mid-2021, PTT Group of Thailand became a strategic investor in Avaada. PTT is a renowned business conglomerate with a presence across the entire value chain of the Oil and Gas business. PTT has revenues exceeding US $ 100 Billion and figures prominently in Forbes's Fortune 500 list of most valuable companies.