Avaada Group, a diversified energy conglomerate, signed a Memorandum of Understanding (MoU) with the Government of Gujarat for investing an aggregate amount of INR 36,000 crore across Solar, Wind and Battery Energy Storage System (BESS) projects in the State.
The MoU, which was signed at the Vibrant Gujarat Global Summit 2025, reaffirms the company’s commitment to driving India’s green energy transition and supporting Gujarat’s vision of becoming a hub for clean and sustainable energy.
Under the agreement, Avaada Group will establish 5 GW capacity of Solar Power Projects, 1 GW capacity of Wind Power Project and 5 GWh capacity of BESS Projects across Kutch, Banaskantha and Surendranagar districts of Gujarat. This will help enhance grid reliability by ensuring efficient storage and dispatch of green power. All the projects are expected to commence between 2027-2030.
The projects together are estimated to generate over 1000 direct and 2,000 indirect green jobs in the State. Additionally, these projects are expected to generate employment opportunities for close to 5,000 people during the construction phase.
Hon’ble Chief Minister of Gujarat, Shri Bhupendra Patel ji, said: “Avaada Group has been a trusted partner in Gujarat’s renewable energy journey since signing its first 40 MW MoU sixteen years ago. Their new ₹36,000 crore investment in solar, wind, and battery storage further strengthens our shared vision for sustainable growth. The Government of Gujarat has assured full support for the speedy implementation of these projects, as Round-the-Clock green power is essential for realising the Hon’ble Prime Minister Shri Narendra Modi ji’s vision of a Viksit Bharat.”
Hon’ble Union Minister for New and Renewable Energy, Shri Pralhad Joshi ji, said: “India’s journey towards energy independence is being powered by visionary partnerships and bold investments like this. Avaada Group’s commitment to developing large-scale solar, wind, and battery storage capacity in Gujarat will not only strengthen our green energy ecosystem but also help us achieve the Hon’ble Prime Minister’s vision of Atmanirbhar Bharat and Net Zero by 2070. The Ministry of New and Renewable Energy welcomes such initiatives that combine innovation, sustainability, and employment generation, making India a global leader in the clean energy transition.”
Vineet Mittal, Chairman of Avaada Group, said: “Our solar power journey started with India’s first large-scale, ground-mounted 15MWp solar plant in Gujarat. With the signing of this MoU, we are proud to partner with the Government of Gujarat in its journey towards sustainable growth. We believe this investment is a step forward in realising India’s renewable energy ambitions, enhancing energy security and reducing carbon emissions. At Avaada Group, we are firmly committed to expand all the renewable sources of energy and make it as reliable as conventional power to supply round-the-clock green power at affordable price and shape a sustainable, self-reliant nation.”
