Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) not to encash Avaada Energy's bank guarantee for a delay in signing the power ...
Bharat Forge Invests ₹28.7 Million in Avaada's Open Access Solar Project in Maharashtra

Bharat Forge Invests ₹28.7 Million in Avaada’s Open Access Solar Project in Maharashtra

Bharat Forge, a Pune-based multinational infrastructure company, made an equity investment of ₹28.7 million (~$390,437) in renewable developer Avaada’s special purpose vehicle Avaada SataraMH (ASPL). The company invested the amount ...
/ / Finance and M&A, Solar
Top Five Funding Deals of 2020 in the Indian Solar Market

Top Five Funding Deals of 2020 in the Indian Solar Market [Infographics]

After a sluggish start to the year due to the COVID-19 pandemic and the subsequent lockdown, activity in the solar sector picked up in the third quarter (Q3) of 2020, ...
/ / Mercom Research Focus, Other
After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

Investments in the Indian solar sector rose by 170% and stood at approximately $270 million (~₹19.9 billion) in the third quarter of 2020 (Q3 2020), compared to $100 million (~₹7.4 ...
/ / Mercom Research Focus, Other
Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects

Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects

Telecommunications giant Bharti Airtel said it signed an agreement to acquire equity shares in Avaada MHBuldhana Private Limited- a special purpose vehicle (SPV) for solar projects. The SPV was formed ...
/ / Finance and M&A, Solar
Avaada Secures $10 Million Funding from German Investor DEG

Avaada Secures $10 Million Funding from German Investor DEG

Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development finance institution and a KfW Group subsidiary, has pledged $10 million in funding to Indian solar energy company Avaada Energy Private Limited (AEPL) ...
/ / Finance and M&A, Solar
Sungrow Signs Strategic Agreement with Avaada for 650 MW of Upcoming Solar Projects (1)

Sungrow Signs Strategic Agreement with Avaada for 650 MW of Upcoming Solar Projects

Sungrow, a global inverter supplier for renewable projects, announced that the company had signed a 650 MW strategic agreement with Avaada Energy to supply 1,500 V inverter solutions for its ...
/ / Solar, Utility Scale
SECI’s 1.2 GW Solar Tender Attracts Technical Bids from Four Developers

SECI’s 1.2 GW Solar Tender Attracts Technical Bids from Four Developers

Solar Energy Corporation of India (SECI) has received bids totaling 1,200 MW capacity for setting up solar energy projects. The projects developed are to be connected with the interstate transmission ...
/ / Solar, Tenders & Auctions
L1 Tariff of ₹2.91/kWh Quoted in 550 MW KREDL Grid-Connected Solar Project Auction

Lowest Tariff of ₹2.91/kWh Quoted in KREDL’s 550 MW Pavagada Solar Auction

The lowest (L1) tariff of ₹2.91 (~$0.044)/kWh was quoted in the recently concluded auction to develop 550 MW of grid-connected solar photovoltaic (PV) projects which was conducted by Karnataka Renewable ...