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Real Assets

Avaada Energy Gets Rs 1,000 Cr Investment For Solar Projects | Business Standard News

by posted 4months ago 68 views
Avaada Energy Tuesday said it has received an investment of Rs 1,000 crore for financing its 2.4 GW solar energy portfolio of the targeted 5 GW capacity in Asia and Africa. Avaada Energy is a subsidiary of Avaada Group. The investment has come from Asian Development Bank; DEG, the German Development Finance Institution, Netherlands Development Finance Company FMO and company's promoter, a statement said. The 2.4 GW capacities funded through this infusion will facilitate Avaada's leadership role in India's transition to clean energy and contribution in achieving the government's vision of 100 GW of solar energy by 2022.