From pv journal India

Avaada Power, a unit of Avada Groupsecured a 280 MW (DC) photo voltaic venture from RUVNL. It’s going to arrange the state transmission grid-connected PV energy venture within the Indian state of Rajasthan.

The corporate received the venture by tariff-based aggressive bidding in an public sale. the The venture will present energy to RUVNL for 25 years at a tariff of INR 2.62 ($0.032)/kWh. The fee interval is eighteen months from the award of the venture.

“The plant is estimated to generate about 500 million models per yr, which is able to assist scale back 4,65,500 tonnes of CO2 equal emissions per yr. The photo voltaic venture can energy 3.6 lakh households with inexperienced vitality,” Avaada stated.

Avaada Group is engaged in varied energy-related companies, together with the manufacture of photo voltaic modules and electrolyzers, in addition to renewable electrical energy era, inexperienced hydrogen, and inexperienced ammonia manufacturing.

Its present renewable vitality portfolio is at 4 GW, with targets to succeed in 11 GW by 2026 and 30 GW by 2030.

As well as, the group is increasing its photo voltaic PV provide chain operations by manufacturing photo voltaic cells and modules. Avaada Power has secured a strategic funding from GPSC, a subsidiary of Thailand-based PTT Group.

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