Avaada Opens 1.5 GW Solar Module Plant in Uttar Pradesh
POWER & RENEWABLE ENERGY

Avaada Opens 1.5 GW Solar Module Plant in Uttar Pradesh

Avaada Group has inaugurated a 1.5 GW solar module manufacturing gigafactory in Dadri, Noida, and laid the foundation for a 5 GW solar manufacturing unit at Ecotech, Greater Noida.

The 1.5 GW plant specialises in tunnel oxide passivated contact (TOPCon) N-Type bifacial glass-to-glass solar modules with multi-bus bar configurations (16 to 24 bus bars) to enhance efficiency. It can produce M10 and G12 cells, with an annual capacity of 1.2 GW for M10 and 1.5 GW for G12 modules, and is currently producing 5,800 modules daily.
The upcoming 5 GW facility, focused on TOPCon N-Type solar cells, will span 50 acres and obtain certifications from the Bureau of Indian Standards, the International Electrotechnical Commission, and Underwriters Laboratories.

Avaada Group aims to achieve 11 GW of renewable energy capacity by 2026. It has raised over $1 billion from Brookfield’s Energy Transition Fund to support green hydrogen and green ammonia projects in India.

Last year, the company secured Rs 5.97 billion in refinancing from NIIF Infrastructure Finance for its commercial and industrial solar projects in Karnataka and Maharashtra. These projects supply power to companies like Bharti Airtel, Motherson, Bharat Forge, STT, Nxtra Data, and Lumax.

On March 6, Avaada Energy won Gujarat Urja Vikas Nigam’s auction to supply power from 250 MW grid-connected solar projects with an additional 250 MW greenshoe option.
India added 1.3 GW of solar module and 2 GW of cell manufacturing capacity in the first half of 2024, according to Mercom India’s research report.

(mercom)
                

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Avaada Group has inaugurated a 1.5 GW solar module manufacturing gigafactory in Dadri, Noida, and laid the foundation for a 5 GW solar manufacturing unit at Ecotech, Greater Noida.The 1.5 GW plant specialises in tunnel oxide passivated contact (TOPCon) N-Type bifacial glass-to-glass solar modules with multi-bus bar configurations (16 to 24 bus bars) to enhance efficiency. It can produce M10 and G12 cells, with an annual capacity of 1.2 GW for M10 and 1.5 GW for G12 modules, and is currently producing 5,800 modules daily.The upcoming 5 GW facility, focused on TOPCon N-Type solar cells, will span 50 acres and obtain certifications from the Bureau of Indian Standards, the International Electrotechnical Commission, and Underwriters Laboratories.Avaada Group aims to achieve 11 GW of renewable energy capacity by 2026. It has raised over $1 billion from Brookfield’s Energy Transition Fund to support green hydrogen and green ammonia projects in India.Last year, the company secured Rs 5.97 billion in refinancing from NIIF Infrastructure Finance for its commercial and industrial solar projects in Karnataka and Maharashtra. These projects supply power to companies like Bharti Airtel, Motherson, Bharat Forge, STT, Nxtra Data, and Lumax.On March 6, Avaada Energy won Gujarat Urja Vikas Nigam’s auction to supply power from 250 MW grid-connected solar projects with an additional 250 MW greenshoe option.India added 1.3 GW of solar module and 2 GW of cell manufacturing capacity in the first half of 2024, according to Mercom India’s research report.(mercom)                

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement