Avaada eyes Rs 15k-cr green energy investment a year
Avaada group, a renewable energy company, is looking to incur capex of Rs 15,000 crore every year to add to its renewable energy capacity.
The company plans to take its capacity to 11 gigawatt (GW) by 2026 and 30GW by 2030. Currently, it has an operational portfolio over 4 GWp (gigawatt peak) and an additional ~5 GWp won in various auctions, said Vineet Mittal, chairman of the group.
“The investment will be strategically funded through a balanced mix of debt, internal accruals, and equity raised last year. Our approach ensures a sustainable financial structure while enabling us to aggressively pursue our capacity addition targets of over 3 GWp per year,” Mittal said.
