Avaada Energy Secures Rs.1,190 Crore Loan for Solar Project
POWER & RENEWABLE ENERGY

Avaada Energy Secures Rs.1,190 Crore Loan for Solar Project

Avaada Energy, a leading player in the renewable energy sector, has secured a substantial loan of ?1,190 crore from the State Bank of India (SBI) for its solar project. This financial backing from one of India's largest banks underscores the growing confidence in the renewable energy market and highlights the importance of financing in driving the transition towards clean energy.

The loan will be utilised to support Avaada Energy's ambitious solar project, which aims to enhance the country's renewable energy capacity and contribute to its sustainable development goals. With a focus on harnessing solar power, the project aligns with India's broader vision of expanding its renewable energy portfolio and reducing dependence on fossil fuels.

Avaada Energy has established itself as a key player in the renewable energy landscape, leveraging its expertise and experience to develop and operate utility-scale solar projects across the country. The company's commitment to sustainability and innovation has positioned it as a trusted partner for investors and financial institutions seeking to support green initiatives.

The loan from SBI will enable Avaada Energy to accelerate the development and implementation of its solar project, driving job creation, economic growth, and environmental benefits. By expanding its renewable energy infrastructure, Avaada Energy aims to contribute to India's energy security, reduce carbon emissions, and foster a greener future for generations to come.

The financing deal also highlights the increasing role of financial institutions in supporting renewable energy projects and facilitating the transition to a low-carbon economy. As awareness of climate change and environmental sustainability grows, investors and lenders are increasingly recognising the potential returns and positive impact of renewable energy investments.

Overall, Avaada Energy's successful loan acquisition demonstrates the viability and attractiveness of solar projects as investment opportunities in India's evolving energy landscape. With continued support from financial institutions, government policies, and industry stakeholders, the renewable energy sector is poised for significant growth, driving sustainable development and mitigating the impacts of climate change.

Through strategic partnerships and innovative financing solutions, Avaada Energy remains committed to advancing renewable energy deployment and playing a pivotal role in India's energy transition journey.

Avaada Energy, a leading player in the renewable energy sector, has secured a substantial loan of ?1,190 crore from the State Bank of India (SBI) for its solar project. This financial backing from one of India's largest banks underscores the growing confidence in the renewable energy market and highlights the importance of financing in driving the transition towards clean energy. The loan will be utilised to support Avaada Energy's ambitious solar project, which aims to enhance the country's renewable energy capacity and contribute to its sustainable development goals. With a focus on harnessing solar power, the project aligns with India's broader vision of expanding its renewable energy portfolio and reducing dependence on fossil fuels. Avaada Energy has established itself as a key player in the renewable energy landscape, leveraging its expertise and experience to develop and operate utility-scale solar projects across the country. The company's commitment to sustainability and innovation has positioned it as a trusted partner for investors and financial institutions seeking to support green initiatives. The loan from SBI will enable Avaada Energy to accelerate the development and implementation of its solar project, driving job creation, economic growth, and environmental benefits. By expanding its renewable energy infrastructure, Avaada Energy aims to contribute to India's energy security, reduce carbon emissions, and foster a greener future for generations to come. The financing deal also highlights the increasing role of financial institutions in supporting renewable energy projects and facilitating the transition to a low-carbon economy. As awareness of climate change and environmental sustainability grows, investors and lenders are increasingly recognising the potential returns and positive impact of renewable energy investments. Overall, Avaada Energy's successful loan acquisition demonstrates the viability and attractiveness of solar projects as investment opportunities in India's evolving energy landscape. With continued support from financial institutions, government policies, and industry stakeholders, the renewable energy sector is poised for significant growth, driving sustainable development and mitigating the impacts of climate change. Through strategic partnerships and innovative financing solutions, Avaada Energy remains committed to advancing renewable energy deployment and playing a pivotal role in India's energy transition journey.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?