Avaada Group to Develop 1 GW Renewable Energy Projects in Bihar

01 Aug 2025 CW Team

Avaada Group has signed a memorandum of understanding (MoU) with the Government of Bihar to establish 1 gigawatt (GW) of renewable energy capacity across the state.

The company will invest Rs 50 billion to develop projects across various formats, including ground-mounted solar, floating solar, community solar plants, and battery energy storage systems. The state government will support Avaada in securing the necessary approvals and clearances from relevant departments.

The announcement aligns with Bihar’s recently unveiled renewable energy policy, which aims to attract investments worth Rs 1.5 trillion. The policy targets the development of 24 GW of renewable capacity and 6 gigawatt-hours (GWh) of energy storage by FY2030.

Key reforms under the policy include streamlined project approvals, cost reductions for developers, and incentives for clean energy manufacturing and EV charging infrastructure. The policy covers solar, wind, hybrid systems, biomass, and waste-to-energy segments.

Commenting on the development, Vineet Mittal, Chairman of Avaada Group, credited the state’s progressive policy for driving the company’s investment plans. Kishor Nair, CEO of Avaada Energy, added, “Our partnership with the Government of Bihar marks a significant step towards harnessing the state’s renewable energy potential. Beyond clean energy generation, this investment will create employment, attract allied industries, and support sustainable socio-economic development.”

According to the company, the planned projects are expected to generate direct employment for around 500 individuals. Commercial operations are likely to commence within two years of signing power purchase agreements (PPAs) with state agencies and after the allocation of suitable land or water bodies.

Avaada will be eligible for incentives under Bihar’s renewable energy policy and applicable frameworks. The group currently operates 5 GW of green energy capacity and aims to expand to 11 GW by 2026 and 30 GW by 2030. Its portfolio spans renewable power generation, solar module and cell manufacturing, and green fuels such as green hydrogen.

News source: Live Mint

Avaada Group has signed a memorandum of understanding (MoU) with the Government of Bihar to establish 1 gigawatt (GW) of renewable energy capacity across the state.The company will invest Rs 50 billion to develop projects across various formats, including ground-mounted solar, floating solar, community solar plants, and battery energy storage systems. The state government will support Avaada in securing the necessary approvals and clearances from relevant departments.The announcement aligns with Bihar’s recently unveiled renewable energy policy, which aims to attract investments worth Rs 1.5 trillion. The policy targets the development of 24 GW of renewable capacity and 6 gigawatt-hours (GWh) of energy storage by FY2030.Key reforms under the policy include streamlined project approvals, cost reductions for developers, and incentives for clean energy manufacturing and EV charging infrastructure. The policy covers solar, wind, hybrid systems, biomass, and waste-to-energy segments.Commenting on the development, Vineet Mittal, Chairman of Avaada Group, credited the state’s progressive policy for driving the company’s investment plans. Kishor Nair, CEO of Avaada Energy, added, “Our partnership with the Government of Bihar marks a significant step towards harnessing the state’s renewable energy potential. Beyond clean energy generation, this investment will create employment, attract allied industries, and support sustainable socio-economic development.”According to the company, the planned projects are expected to generate direct employment for around 500 individuals. Commercial operations are likely to commence within two years of signing power purchase agreements (PPAs) with state agencies and after the allocation of suitable land or water bodies.Avaada will be eligible for incentives under Bihar’s renewable energy policy and applicable frameworks. The group currently operates 5 GW of green energy capacity and aims to expand to 11 GW by 2026 and 30 GW by 2030. Its portfolio spans renewable power generation, solar module and cell manufacturing, and green fuels such as green hydrogen.News source: Live Mint

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..