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• Avaada Group added 2 gigawatt of renewable energy capacity during the financial year ended March 2026, taking its overall portfolio beyond 17.7 gigawatt peak (GWp).
• The company stated that 7.2 GWp of the portfolio is operational, while 10.5 GWp remains under construction across multiple renewable energy projects.
• Avaada’s portfolio includes solar, wind, hybrid renewable systems, firm and dispatchable renewable energy (FDRE) projects and solar-plus-storage developments.
• The expansion comes amid continued investment activity across India’s renewable energy and energy infrastructure sectors as developers scale capacity to meet rising clean power demand and energy transition targets.
Avaada Group has added 2 gigawatt of renewable energy capacity during the financial year ended March 2026, taking its total renewable energy portfolio to more than 17.7 gigawatt peak (GWp). Advertisement
According to the company, the portfolio currently comprises 7.2 GWp of operational renewable energy assets and 10.5 GWp of projects under construction across various locations and technologies.
The expansion reflects continued capacity additions by renewable energy developers as India accelerates investments in clean energy infrastructure to meet growing electricity demand and long-term decarbonisation targets.
Vineet Mittal stated that crossing the 17.7 GWp milestone highlighted the company’s focus on supporting the ongoing energy transition. He added that Avaada Group remained positioned for further expansion through its execution capabilities and development pipeline across multiple geographies and renewable technologies.
The company stated that its renewable energy portfolio spans solar power, wind energy, solar-wind hybrid projects, firm and dispatchable renewable energy (FDRE) systems and solar-plus-storage solutions aimed at delivering round-the-clock clean power supply.
India’s renewable energy sector has witnessed sustained investment activity over the past few years as developers expand utility-scale solar, wind and hybrid infrastructure supported by government policy initiatives, corporate clean energy demand and transmission infrastructure development.
Hybrid renewable projects and storage-linked systems have increasingly gained importance within the sector as grid operators and industrial consumers seek stable power supply solutions alongside renewable generation capacity.
The expansion of renewable infrastructure has also contributed to increased demand for industrial land, transmission corridors, logistics infrastructure and manufacturing ecosystems linked to solar modules, batteries and energy equipment.
Industry participants have observed growing institutional and international investor participation in India’s renewable energy market amid rising electricity consumption, sustainability commitments and long-term infrastructure investment opportunities.
Avaada Group has continued to diversify its renewable energy platform across multiple technologies as competition intensifies among developers seeking scale in utility-scale clean energy projects, storage infrastructure and integrated renewable power solutions
Source - PTI
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