Avaada Power to develop 500 MW solar capacities in Andhra Pradesh
Post date: 28/02/2018 - 17:28
Indian clean energy company Avaada Power Pvt. Ltd, has partnered with the Government of Andhra Pradesh to develop 500 MW utility-scale solar projects. The company plans to invest INR 3,500 crores ($538 million) in the state. The investment by Avaada Power is expected to generate more than 1,200 employment opportunities. The Government of Andhra Pradesh has set a target to achieve 18 GW renewable energy capacities by the year 2021/2022.
As reported, Avaada Power recently committed INR 10,000 crore ($1.55 billion) investment in Uttar Pradesh for developing 1,600 MW solar projects. The company has set a target of achieving 5 GW capacity in the next four years