Avaada Energy, a key player in renewable energy and part of the Avaada Group, has secured a 1050 MWp solar project tender from the Renewable Energy Implementing Agency (REIA) of National Thermal Power Corporation (NTPC). The project, won at a tariff of $0.032 per kWh, is slated for completion within 2-years of signing a 25-year PPA. This solar project will produce approximately 1800 million units of renewable energy annually, sufficient to power over 1.2 million households, and is projected to cut about 16,81,200 tonnes of CO2 emissions annually, supporting India’s climate goals. Additionally, Avaada has recently surpassed 15 GWp in Letters of Award and PPAs in India.
Avaada wins NTPC solar project
Avaada Energy has secured a 1050 MWp solar project in the NTPC auction, surpassing a 15 GWp portfolio in India. (Image Credit: DALL.e)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)