Gandhinagar: Avaada Group has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. This alliance aims to set up hybrid wind-solar projects with an aggregate 6000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore.

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.

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 company said. 

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

Speaking on the significant development, Mr. Vineet Mittal, Chairperson of Avaada Group, said, “With its abundant natural resources including 300 sunshine days, availability of vast wasteland and long coastline, Gujarat has the potential to significantly contribute towards meeting the global demand for alternative solutions for fossil fuels.”

“At Avaada Group, our dedication to driving sustainable energy solutions takes another significant stride forward with the signing of this MoU. This strategic partnership signifies our unwavering commitment to foster a robust, clean energy ecosystem. Besides the signing of the new 6 GW capacity in the state, we already have projects of ~2 GW capacity that are operational or at various stages of implementation in the state of Gujarat,” he added.