Avaada, a prominent integrated energy platform in India, has signed a Memorandum of Understanding with the Government of Gujarat. This strategic alliance aims to set up hybrid wind-solar projects with an aggregate 6000 MW capacity in the state with an investment of about Rs 40 000 crore, marking ‘a pivotal moment in the journey towards a greener future’.
Avaada Group's commitment to green initiatives in the state of Gujarat is underscored by substantial investments in the development of a robust Renewable Energy ecosystem. The hybrid projects, located in various districts of Gujarat, but predominantly in the underdeveloped waste lands of Kutch, will supply power to various utilities in India including GUVNL (Gujarat Urja Vikas Nigam Ltd), and for captive use of Avaada’s green hydrogen/ammonia projects.
The project’s estimated annual generation of 17.5 billion units of green electricity will lead to a reduction of approximately 16.3 million tons of CO2 equivalent emissions annually.
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