Avaada Plans Rs 1L-cr Investment To Spur RE In Rajasthan

Highlights :

• The planned investment will fund major green energy initiatives, including a 1.2 GW-Pumped Hydro Storage Project, a 1 MTPA-Green Ammonia Project, a 1 GW-Wind Power Project, and a 10 GW-Solar Power Project.

Avaada Announces ₹1L-cr Investment In Rajasthan’s Energy Transition

Indian renewable energy company Avaada Group has unveiled its ambitious plan to invest ₹1,00,000 crore in Rajasthan, further propelling the state into the forefront of India’s renewable energy revolution. With the focus on large-scale solar, wind, and green ammonia projects, Avaada has planned to boost its footprint in Rajasthan’s vast arid land.

In a step forward, Avaada Group announced the signing of a Memorandum of Understanding (MoU) with the Government of India in the presence of Bhajan Lal Sharma, Chief Minister of Rajasthan, and Col. Rajyavardhan Rathore, Industries and Commerce Minister, Rajasthan.

“Our government remains committed to fostering an industry-friendly environment, advancing infrastructure, and encouraging innovation. By focusing on these key areas, we are dedicated to positioning Rajasthan as the leading investment destination in India.” says Bhajanlal Sharma, Chief Minister of Rajasthan

The planned investment will fund major green energy initiatives, including a 1.2 GW-Pumped Hydro Storage Project, a 1 MTPA-Green Ammonia Project, a 1 GW-Wind Power Project, and a 10 GW-Solar Power Project. These projects, located across Jhalawar, Kota, Barmer, and Bikaner, will generate massive employment opportunities, promote green manufacturing, and significantly boost Rajasthan’s contribution to India’s renewable energy targets.

Vineet Mittal, Chairman of Avaada Group said, “Rajasthan has always been central to our vision at Avaada Group, from our 5.5 MW project in Jodhpur to the launch of the world’s largest single-site solar project of 1,250 MW in Bikaner. Today, we are proud to announce a 6 GW solar project, with LOA, PPA, and connectivity in place. With its vast renewable potential, Rajasthan is set to become a green energy hub and a major contributor to India’s sustainable future. We would like to extend our heartfelt thanks to the government for their unwavering support and commitment to renewable energy development.”

Mittal also emphasized Rajasthan’s unique advantages, with its vast desert lands, strategic location, and abundant natural resources, which make it ideal for large-scale renewable energy projects.

The solar, wind, and green ammonia projects are expected to be fully operational by 2030, transforming Rajasthan into a major green energy hub for India and the world. Avaada’s green energy initiatives will also enable the state to attract global investments in industries such as green hydrogen, zinc, and lithium. With the world transitioning toward low-carbon economies and the introduction of carbon taxes, Rajasthan is well-positioned to supply green products and renewable energy to international markets.

“Rajasthan’s arid land will no longer be seen as a liability, but as an asset that will power India’s green revolution,” Mittal concluded.

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}