Avaada Group and Gujarat Government sign a historic MoU for 6 GW hybrid wind-solar projects, investing Rs 40,000 crore. Located in Gujarat, mainly in underdeveloped areas of Kutch, it aims to generate 17.5 billion units of green electricity annually, reducing 16.3 million tons of CO2 emissions, and powering nearly 12.6 million households. This initiative also creates nearly 1200 jobs, fostering local economic growth.
Avaada Group inks 6 GW hybrid project deal with Gujarat
AVAADA’s hybrid projects will provide electricity to Indian utilities, including GUVNL, and support AVAADA’s Green Hydrogen/Ammonia initiatives for captive use. Image Credit Pixabay.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)