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Avaada lines up ₹22,000 cr for solar, storage expansion
Financial Express Mumbai
|April 13, 2026
WITH A ₹22,000-CRORE combined investment across solar generation, battery storage and pumped hydro projects, Avaada Group is scaling up capacity as India’s renewable penetration deepens and grid-balancing requirements intensify.
The investment comprises ₹7,500 crore earmarked for pumped storage projects, alongside capital deployment ina 2,500 MWh battery energy storage system under development in Rajasthan, and nearly 1,000 MW of solar projects slated for commissioning by March, Vineet Mittal, chairman of Avaada Group, told FE.“We are planning around ₹7,500 crore in pumped storage. As renewable capacity increases, long-duration storage becomes essential
Dit verhaal komt uit de April 13, 2026-editie van Financial Express Mumbai.
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