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Presenting
Avaada Energy
A leading developer of renewable energy projects for a sustainable future
Avaada Energy is a leading independent power producer (IPP) of renewable energy projects. With a portfolio of over 1.8 GW of renewable energy projects in India, Avaada is one of the fastest-growing green energy firms, developing sustainable energy through its innovative utility and open access solutions in the solar, wind, rooftop, and hybrid energy markets. Avaada works with various businesses, supporting them in interweaving business goals with initiatives of environmental sustainability and social responsibility, producing mutually beneficial results. Avaada aims to uplift the livelihood of the communities it works with through its engagement initiatives. The company claims to have commissioned over 1.8 GW of renewable energy plants and has a portfolio of over 500 MW of open-access solar plants in the commercial category. Avaada Energy’s annual revenue is estimated as $3 million.
  • Energy
  • Technology
    HEADQUARTERS
    Mumbai, Maharashtra , India
    COMPANY SIZE
    101 to 150
    FOUNDED
    27th Jun 2007

    Awards

    Awards and Recognitions
    11
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    Avaada Energy has engineering, procurement, and construction (EPC) capabilities, having built complex solar and wind projects across 10 different states in India. The company is among the leading players in India and has built the largest portfolio of solar power projects in the country with an aggregate capacity of nearly 1 GW. Avaada Energy in July 2019 had commissioned over 1.8 GW of renewable assets (solar and wind) and is in the process of setting up 2000 MW of open-access solar plants in states including Maharashtra, Tamil Nadu, Haryana, Karnataka, and Odisha. Avaada Energy is on the path to innovate and create new paradigms in clean-technology. It is currently working to cater to underserved communities in the areas of rural electrification, education, empowerment, healthcare, and environment. It is focussed on building a multi-GW portfolio not just in India but across the world, meeting global infrastructural and quality standards. The company has a target of developing 5 GW of renewable energy portfolio in Asia and Africa by 2022.

    Funding

    Funding Rounds and Investors
    VENTURE-ROUND
    $15M
    Investors
    Proparco
    Nov 2019
    DEBT-FINANCING
    $144M
    Investors
    FMO, Deutsche Investitions, Asian Development Bank
    Apr 2019