Avaada's ₹1 Lakh Crore Renewable Power Play: 30 GW by 2030

Avaada Group plans to invest ₹1 lakh crore over the next five years to accelerate its renewable energy expansion and manufacturing capabilities.

The company aims to grow its clean energy portfolio to 30 GW by 2030, with annual capacity additions of 4–5 GW requiring roughly ₹20,000 crore per year. Currently, Avaada operates 6.1 GW of capacity, with nearly 10 GW under construction, and will fund growth through a combination of equity, debt, and internal accruals. Chairman Vineet Mittal stated, “Equity is not a constraint. Grid readiness is the only limiting factor now.”

With states such as Maharashtra and Gujarat aligning with central grid norms and major transmission upgrades scheduled for 2026–28, Avaada anticipates smoother commissioning cycles. The company is also expanding its manufacturing footprint through Avaada Electro, which has filed for a ₹10,000 crore IPO, and is constructing a large solar glass facility in Nagpur. As part of this vertically integrated growth strategy, Avaada plans to hire 10,000 additional employees.

News by Rahul Yelligetti.