Avaada: Illuminating India's Energy Landscape with Innovation and Investment
Key Ideas
- Avaada is a key player in India's renewable energy sector, with over 5.4 GW of renewable capacity and innovative projects like green hydrogen initiatives.
- The company is boosting India's self-reliance in solar energy through home-grown manufacturing facilities, solidifying its position on the global solar manufacturing map.
- Avaada is spearheading large-scale energy storage solutions with pumped storage projects and Battery Energy Storage Systems to ensure grid stability.
- Aligned with India's National Green Hydrogen Mission, Avaada is pioneering green hydrogen and ammonia production to decarbonize heavy industries and position India as a global green-hydrogen hub.
Avaada, based in Mumbai, India, is playing a significant role in India's energy transformation towards sustainable growth. With a focus on renewable energy, the company has already achieved over 5.4 GW of renewable capacity and has additional projects under firm Power Purchase Agreements. Avaada's efforts extend from solar and wind farms in states like Rajasthan, Maharashtra, and Karnataka to cutting-edge green hydrogen projects. The company's manufacturing arm, Avaada Electro, is enhancing India's self-reliance in solar energy with advanced facilities across Uttar Pradesh and Nagpur. In addition, Avaada is leading the way in energy storage solutions, with plans for pumped storage projects and Battery Energy Storage Systems to ensure grid stability. Furthermore, aligned with India's National Green Hydrogen Mission, Avaada is venturing into green hydrogen and ammonia production to decarbonize industries and establish India as a global green-hydrogen hub. Besides its technological advancements, Avaada is committed to empowering communities and has created over 10,000 green-sector jobs, focusing on local hiring and skills training. The company has garnered significant funding from global entities, reflecting confidence in India's renewable future. Avaada's holistic approach towards innovation, community empowerment, and environmental stewardship is shaping a cleaner and more resilient energy future for India.