Archive · 16 Sep 2025
Avaada Group Plans Green Energy Expansion, Addresses Challenges
Avaada Group, led by Vineet Mittal, is investing in renewable energy in India.
They are building solar and hydrogen projects, aiming to capitalize on government incentives like the GST cut on solar cells.
The group is building solar module capacity and is also developing green ammonia facilities.
Mittal discusses the challenges in project approvals, the impact of merchant power prices, and the potential for solar-plus-storage to dominate the energy mix.
They are also securing finances for their projects to expand.
Avaada Group is expanding in renewable energy and green hydrogen projects.
The GST cut on solar cells addresses the inverted duty structure and lowers project costs.
Avaada is building solar module manufacturing capacity of 8.5 GW.
The Group is developing a 0.5 MTPA green ammonia facility in Odisha.
The firm is in discussions with multinational banks for project finance.
- Who
- Vineet Mittal and Avaada Group
- What
- Avaada Group is expanding in renewable energy and green hydrogen projects.
- When
- Ongoing discussions about project financing.
- Where
- India, with facilities in Uttar Pradesh and Maharashtra.
- Why
- To contribute to India's renewable energy goals and green hydrogen mission.
Industry View
Government View
Approvals for Solar Plant
Industry View
2,700 approvals can delay the project execution
Government View
Central government is proactively reducing compliance burdens and pushing for single-window, digital clearance mechanisms
- Company
- Avaada Group
- Focus
- Renewable Energy
- GST Cut Impact
- Addresses inverted duty structure, lowers project costs
- Module Capacity
- 8.5 GW
- Cell Capacity
- 6 GW
- Green Ammonia Facility
- 0.5 MTPA in Odisha
