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Avaada Group to Invest Rs50,000 Crore in Madhya Pradesh for 10.8 GW Renewable Energy Projects
Feb 24, 2025
Avaada Group has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh, committing an investment of Rs50,000 crore to develop 10,800 MW of renewable energy projects. The MoU was signed at the MP-GIS 2025 Curtain Raiser event, inaugurated by Prime Minister Narendra Modi in New Delhi.
Project Highlights
- Solar Energy – 6,000 MW
- Wind Energy – 700 MW
- Battery Energy Storage Systems (BESS) – 2,100 MW
- Pumped Storage Projects (PSP) – 2,000 MW
- Green Energy Equipment Manufacturing Facilities
Avaada has a long-standing history in the state, having developed a 151 MW solar project in 2013, which was then Asia’s largest and the world’s second-largest solar plant.
Statement from Vineet Mittal, Chairman, Avaada Group
"Madhya Pradesh is emerging as a beacon of India’s energy transition. Under Hon’ble CM Dr. Mohan Yadav’s leadership, the state is uniquely positioned to drive India's green energy revolution. This investment will help transform MP into a global renewable energy hub while fostering skill development and economic growth."