Our Journey

2011

Commissioned 15 MW solar project in Gujarat followed by 5 MW each in Rajasthan, Andhra Pradesh & Gujarat

2012

Commissioned India’s largest single-location solar project i.e. 55 MWp Rajasthan and 30 MW solar project in Gujarat

2013

Backed by marquee investors like ADB, DEG, and GE as equity investors. Commissioned Asia’s largest and World’s 2nd largest solar project of 151 MWp in Madhya Pradesh

2014

Entered into self-development of wind project with 126 MW project in Rajasthan

2016

Provided successful exit to investors with sale of operational portfolio of ~1.2 GW to Tata power.
Demerger and rechristening of company to Avaada Energy. Capacity addition of 300 MW in first year

2019

Equity fundraise of US $ 150 Million from ADB, DEG, FMO, Proparco

2021

Equity fundraise of USD 454 Mn from GRSC – PTT Thailand

2022

Commissions World's largest solar power project at a single location by an IPP with a capacity of 1246 MW at Bikaner, Rajasthan.
Entry into new business areas like Green Ammonia, Green Hydrogen, Solar Manufacturing & Electrolyser Manufacturing.

2025

To have RE installed capacity of 11 GW.
Solar manufacturing capacity of 3 GW for cells and modules

2030

Targeting 30 GW installed Renewable Energy capacity, solar manufacturing unit, and Green Ammonia Production Capacity.