By PTI | New Delhi
Avaada Group is looking to add renewable energy projects totalling 5 gigawatt (GW) in the current financial year as the company has signed PAs and received connectivity approvals for the upcoming capacities, a company executive said.
The group was able to add 2 GW of renewable energy projects during the last financial year, said Chairman Vineet Mittal.
Another 1-2 GW capacity could have been added in FY26 but due to issues related to signing of PAs and transmission infrastructure, the company was unable to do so, he noted.
“Last year we could have brought 1-2 gigawatts more, but due to delays in the signing of PPAs and delays in full readiness of the transmission system, we had to align our commissioning schedule with the readiness transmission system, Mittal said in reply to a question if his company had to push timelines for planned capacities due to transmission and grid connectivity issues.
With addition of 5GW, the company’s overall operational capacity will reach 12GW by March 2027.
This 5 GW capacity, which is a mix of solar, wind and Battery Energy Storage System (BESS) are already taken up for implementation and planned in Maharashtra, Gujarat and Rajastan, the chairman said in an interaction.
Avaada Group plans to have 30 GW of renewable energy projects by 2030.
On the manufacturing side, Mittal said, the company is in the process of building a super factory at Butibori in Nagpur (Maharashtra), which will produce the entire value chain including ingot, wafer, cell and module under the same unit.
“We are making an integrating manufacturing complex where manufacturing of ancillary products will also be taken up,all under one roof. Our glass factory is already under construction and expected to be commissioned in one year, the chairman said.
The company is hopeful of operationalizing 6GW of cell line during this year and is on track to produce wafer and ingot also at the same facility in the next year, he said.
“At Avaada we are going beyond gigafactory and looking at setting up a super factory. Once we are fully operational, our import dependence would reduce to less than 10 per cent. This will be the first of its kind co-located facility, which is totally sustainable and environmentally friendly, Mittal said.
Also Read: India’s energy investment to hit USD 170 bn in 2026 on solar, grid and refining push: IEA
