Avaada Group to set 6 GW hybrid wind-solar projects in Gujarat

Project is estimated to generate 17.5 billion units of green electricity annually

Indian energy company Avaada Group has announced a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR 4 billion in setting up renewabke energy power projects with 6 GW capacity.

In a press statement, the group says that the hybrid projects, located in various districts of Gujarat, predominantly in the underdeveloped waste lands of Kutch, will supply power to various utilities of India including GUVNL and for captive use of Avaada’s green hydrogen or ammonia Projects. These projects will substantially reduce the carbon emission and dependability of conventional power sources, the group says.

The group adds that its commitment to green initiatives in the state of Gujarat is underscored by substantial investments in the development of a robust renewable energy ecosystem. The agreement was signed in the presence of Chief Minister of Gujarat Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Summit 2024 at Gandhinagar.

The statement adds that this project is estimated to generate 17.5 billion units of green electricity annually, leading to a reduction of approximately 16.3 million tonnes of CO2 equivalent emissions annually. It will contribute significantly to India’s green energy supply and powering nearly 12.6 million households. Moreover, it will generate about 1200 direct and indirect jobs.

Vineet Mittal

“Due to the pressing need to tackle climate change, governments, private sector as well as individuals globally are increasingly focusing on sustainable solutions to promote economic growth and well-being for everyone. Renewable energy along with green hydrogen and its derivatives have emerged as powerful substitutes for fossil fuels, driving rapid decarbonisation across various industries and regions,” says Vineet Mittal, Chairperson of Avaada Group.

“With its abundant natural resources including 300 sunshine days, availability of vast wasteland and long coastline, Gujarat has the potential to significantly contribute towards meeting the global demand for alternative solutions for fossil fuels. At Avaada Group, our dedication to driving sustainable energy solutions takes another significant stride forward with the signing of this MoU. This strategic partnership signifies our unwavering commitment to foster a robust, clean energy ecosystem. Besides the signing of the new 6 GW capacity in the state, we already have projects of 2 GW capacity that are operational or at various stages of implementation in the state of Gujarat,” Mittal adds.