Avaada Energy, the clean energy arm of Avaada Group and a solar project developer, said on Tuesday it had received Rs 1,000-crore investments for financing its 2.4 Gega Watt (GW) renewable energy portfolio of the targeted 5 GW capacity. The equity infusion was split between Asian Development Bank, DEG\u2014 a German Development Finance Institution, Netherlands Development Finance Company FMO and promoter\u2019s equity.<\/p>\n
In March this year, ADB had indicated that it signed an agreement to invest $50 million in Avaada Energy to help the company rapidly scale up photovoltaic solar energy generation capacity in India.<\/p>\n
\u201cThe investment will come equally from ADB\u2019s Ordinary Capital Resources and Leading Asia\u2019s Private Sector Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency, which is administered by ADB,\u201d it had said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Avaada Energy, the clean energy arm of Avaada Group and a solar project developer, said on Tuesday it had received Rs 1,000-crore investments for financing its 2.4 Gega Watt (GW) renewable energy portfolio of the targeted 5 GW capacity. The equity infusion was split between Asian Development Bank, DEG\u2014 a German Development Finance Institution, Netherlands Development Finance Company FMO and promoter\u2019s equity. In March this year, ADB had indicated that it signed an agreement to invest $50 million in Avaada Energy to help the company rapidly scale up photovoltaic solar energy generation capacity in India. \u201cThe investment will come equally […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-268796","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268796"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268796\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}