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Avaada Group to develop 6 GW hybrid wind-solar projects in Gujarat

Avaada Group has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up hybrid wind-solar projects with an aggregate 6 gigawatts (GW) capacity in the state with an investment of about Rs 40,000 crore, marking a pivotal moment in the journey towards greener future, according to a company release. 

With an estimated annual generation of 17.5 billion units of green electricity, this will lead to a reduction of approximately 16.3 million tons of CO2 equivalent emissions annually, contributing significantly to India's green energy supply and powering nearly 12.6 million households. 

The hybrid projects, located in various districts of Gujarat, predominantly in the underdeveloped waste lands of Kutch, will supply power to various utilities of India including GUVNL, and for captive use of AVAADA’s Green Hydrogen/Ammonia Projects. These projects will substantially reduce the carbon emission and dependability of conventional power sources and stand as a testament to our commitment to scalable and innovative solutions, aiming to revolutionize the energy landscape while addressing critical environmental and economic imperatives. 

 “Due to the pressing need to tackle climate change, governments, private sector as well as individuals globally are increasingly focusing on sustainable solutions to promote economic growth and well-being for everyone. Renewable energy along with green hydrogen and its derivatives have emerged as powerful substitutes for fossil fuels, driving rapid decarbonization across various industries and regions,” said Vineet Mittal, Chairperson of Avaada Group.  

Moreover, it will generate around 1200 direct and indirect jobs, thereby contributing to local and regional economic development.