Avaada Inks Rs 36,000 Cr MoU with Gujarat for Green Energy

• Avaada Group to invest in solar, wind, and BESS projects in Gujarat
• 5 GW solar, 1 GW wind, and 5 GWh BESS across Kutch, Banaskantha, and Surendranagar
• 280 MW solar project launched in Surendranagar with ₹1,500 crore investment

Avaada Group has signed a Memorandum of Understanding (MoU) to invest ₹36,000 crore in renewable energy projects with the Government of Gujarat.

The contract executed at the Vibrant Gujarat Global Summit 2025, covers 5 GW of solar power, 1 GW of wind power, and 5 GWh battery energy storage system (BESS) projects in Kutch, Banaskantha and Surendranagar districts.

The MoU is to advance renewable energy and clean energy projects, including solar power and wind energy initiatives. This collaboration supports India’s energy transition and promotes long-term sustainability through large-scale green energy investments.

Vineet Mittal, Group Chairman, Avaada stated, "Our solar power journey started with India’s first large-scale, ground-mounted 15MWp solar plant in Gujarat. With the signing of this MoU, we are proud to partner with the Government of Gujarat in its journey towards sustainable growth".

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The Chief Minister Bhupendra Patel added, "Avaada Group has been a trusted partner in Gujarat’s renewable energy journey since signing its first 40 MW MoU sixteen years ago. Their new ₹36,000 crore investment in solar, wind, and battery storage further strengthens our shared vision for sustainable growth".

The projects are expected to be developed between 2027 and 2030 and support the established leadership of Gujarat in the clean energy movement. This investment of this scale demonstrates India’s renewable energy commitments and Avaada’s commitment to sustainable infrastructure and development.

Recently, Avaada Commissioned a 280 MW solar project in Surendranagar achieved under the Gujarat State Solar Policy at a capital cost of ₹1,500 crore which will be added to the renewable energy portfolio Avaada is developing in Gujarat.