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)
                

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
Infrastructure Urban

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?