Avaada Group

Mumbai, Maharashtra, India

Avaada Group is a leading Indian clean energy conglomerate specializing in utility-scale solar/wind, green hydrogen, and integrated PV module manufacturing.
Established Year:  2009 (Inception of the business energy; later rechristened as Avaada Energy in 2017)

Company Brief

Avaada Group is a leading Indian clean energy conglomerate with a multi-gigawatt portfolio spanning solar and wind power generation, green hydrogen, and high-efficiency solar module manufacturing. The group operates as an integrated energy player, managing the entire value chain from polysilicon production to large-scale renewable asset operation.

Major Partners & Affiliations 🤝

PTT Group (Thailand – via GPSC with ~43% stake), Brookfield Renewable (Global Transition Fund), Asian Development Bank (ADB), and DEG (Germany).

Company Pulse & Announcements 📢

In late 2025, Avaada signed an MoU with the Gujarat government to invest ₹36,000 crore (US$ 4.3 billion) for 6 GW of wind/solar and 5 GWh of battery storage; the group’s manufacturing arm, Avaada Electro, is slated for a ₹10,000 crore IPO in 2026.

Technical & Safety Profile

Operational Capacity:  

~6.8 GWp operational as of 2025/2026, with a secured portfolio of over 33 GWp and a target of 30 GWp installed by 2030.

Support Infrastructure:  

Operates an Integrated Management System (IMS) for 24/7 technical asset management; utilizes robotic dry-cleaning systems for solar modules and in-house EPC/O&M teams.

Technical Compliance & Standards:  

Adheres to IEC (International Electrotechnical Commission) standards for module manufacturing and Grid Codes for interstate (ISTS) and intrastate transmission.

Safety Rating / Record:  

Implements an Occupational Health & Safety Management System in line with ISO 45001:2018; maintains a focus on zero-harm protocols across 5,000+ acres of project sites.

Warranty & Guarantee Terms:  

Typically offers a 25-year linear performance warranty on solar PV modules manufactured in-house and standard industry workmanship warranties for EPC contracts.

Quality Control Process:  

Vertically integrated quality monitoring from cell-to-module manufacturing at the Nagpur and Noida facilities, adhering to ISO 9001:2015 Quality Management Systems.

Insurance Details:  

Comprehensive insurance administration including EPC insurance, performance bonds, and professional liability for utility-scale SPVs (Special Purpose Vehicles).

R&D Focus & Innovation:  

Focuses on Green Hydrogen research through a Centre of Excellence in Odisha in collaboration with IIT-Bhubaneswar; innovation in bifacial modules and smart grid integration.

Accreditation & Certifications

Accreditation & Certification Details

Certification NameAuthority / Issuing BodyStatus / Reference IDPurpose
ISO 9001:2015Accredited Certification BodyActiveQuality Management System for project execution and manufacturing
ISO 14001:2015Accredited Certification BodyActiveEnvironmental Management System for minimizing footprint
ISO 45001:2018Accredited Certification BodyActiveOccupational Health & Safety standard for large-scale energy sites
AAA Credit RatingDomestic Rating AgenciesActiveFinancial stability for Green Bond issuance

Industry Classification & Specializations

RENEWABLE ENERGY SOURCES:

BUSINESS ROLE & ENTITY TYPE:
MARKET SECTORS (B2B/B2C):
EQUIPMENT & HARDWARE:

RENEWABLE ENERGY SERVICES:
AREAS SERVED:

ADDITIONAL COVERAGE NOTES:
PAN-India presence with major utility-scale projects in Rajasthan, Gujarat, Maharashtra, and Uttar Pradesh; expanding global footprint in Asian and African markets.

AUTHORIZED BRANDS:

Registered Office Address

Administrative / Registered Business Office (This location serves as the central corporate hub for project development, investment, and government permitting).


Apartment/Suite:  406 & 601, 4th & 6th Floor, Solaris One (Previously Hubtown)
Street address:  Professor NS Phadke Rd, Vijay Nagar
City/Locality:  Mumbai
State/Province:  Maharashtra
Postal Code:  400069
Country:  India
Geo-Coordinates:  19.1172, 72.8530

Corporate Identity & Network

Parent Company / Group / Brand:  

Avaada Group (Entities include Avaada Energy, Avaada Electro, and Avaada Foundation)

Corporate Headquarter Location:  

C-11, Sector 65, Gautam Buddha Nagar, Noida, Uttar Pradesh 201307, India.

Other Office Locations:  

Noida (Corporate Office), New Delhi, and regional project offices in Rajasthan, Gujarat, and Odisha.

Corporate Evolution & Milestones

2009: Inception of the business energy; first MoU signed with the Gujarat government for 40 MW.

2013: Commissioned Asia’s largest solar project (151 MW) in Madhya Pradesh at the time.

2016: Successfully exited a 1.2 GW portfolio to Tata Power; rechristened as Avaada Energy.

2021: Commissioned the world’s largest single-location solar plant (1,248 MW) in Bikaner, Rajasthan.

2024: Commissioned a 1.5 GW state-of-the-art Solar PV manufacturing line in Noida.

2025: Secured US$ 1.3 Billion in funding from investors including Brookfield and GPSC to scale green hydrogen and BESS operations.

News Highlights

Avaada Group to invest ₹1 lakh crore in renewable energy expansion, plans IPO
Renewables-focused Avaada Group plans a significant ₹1 lakh crore investment over the next five years to expand its power generation capacity to 30 GWp.
Source:ETEnergyworld | Date:November 28, 2025 – Read News



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