Avaada Group has pledged investments worth Rs 40,000 crore for development of 6,000 MW hybrid wind-solar projects in Gujarat. The agreement was signed in the presence of Gujarat Chief Minister Bhupendra bhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 at Gandhinagar.
The hybrid projects, located predominantly in the underdeveloped wastelands of Kutch, will supply power to various utilities including Gujarat Urja Vikas Nigam (GUVNL), and for captive use of Avaada's green hydrogen/ammonia projects. Further, these projects will substantially reduce the carbon emissions, allowing for an estimated annual generation of 17.5 billion units of green electricity, and the associated reduction of approx.16.3 million tonne of CO2 equivalent emissions annually. This would contribute significantly to India's green energy supply by powering nearly 12.6 million households.
Moreover, it will generate 1,200 direct and indirect employment opportunities, adding to local and regional economic development, and making way for a robust RE ecosystem.
Besides this, the Group involved in production of solar modules and large-scale projects for green hydrogen, green methanol and others, has projects of 2 GW capacity which are operational or at various stages of implementation in Gujarat.