The Indian renewable energy company Avaada has secured a massive $1.07 billion from multiple investors, including Brookfield. According to media reports, Brookfield Renewable, part of Brookfield Global Transition Fund (BGTF), has committed to invest $1 billion in Avaada Group. The investor is believed to have already released the first tranche … [continued]
Canadian investor Brookfield will reportedly invest $1 billion in Indian renewable energy project developer Avaada Ventures. According to media reports, Brookfield has signed an agreement to invest $1 billion in multiple tranches in Avaada Ventures. Avaada Ventures in the holding company of Avaada Energy, a renewable energy project developer operating … [continued]
A large vertically integrated energy utility in India has auctioned a huge solar power project. According to media reports, Damodar Valley Corporation (DVC), a government-owned entity, has awarded rights to develop a 421 megawatt (peak) solar power project to a private company — Avaada Energy. Avaada secured the project following … [continued]
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
A 2 gigawatt solar power tender received very a encouraging response amidst uncertainty resulting from the COVID-19 outbreak.
The fourth national-level solar power auction conducted by the Solar Energy Corporation of India (SECI) has yielded satisfactory results for the government which has been facing tough questions about whether the ambitious renewable energy targets would actually be achieved.
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers.
Another Indian solar power generation company has landed massive funding from international development banks, signalling a global confidence in India’s renewable energy future.
The Indian state of Gujarat has struck gold in its latest solar power auction as project developers submitted one of the lowest-ever bids seen in the Indian market for utility-scale solar power projects.
A large solar power tender launched by the west Indian state of Maharashtra has witnessed encouraging responses from some of the leading renewable energy developers in India. The tender is among the largest issued by a state in the last few months, and marks a crucial point in the current scheme of things as similar tenders have dried up at the central government level.
