- Capex spends of Rs. 100,000 crore towards integration and scale building, already in pipeline for the next 5 years
- Expects to add 10,000 people to the workforce within the next three years
- Focused to pivot from B2G business by adding B2B and B2C with a target to contribute 50% of revenues by 2030
- The Group presently has a total capacity of 6.1GWp, which is expected to cross 30 GWp by 2031
Mumbai, (Maharashtra) [Inia]: Avaada Group, one of India’s leading integrated clean energy conglomerates, today announced its ambitious five year vision to capitalise on the INDIA opportunity. Sensing the shift for rising demand from new sectors and factors including International contact centres (GCCs), Net Zero Future (defined by Government’s ambitious allocations and subsidies), Datacentres (the AI revolution), Infrastructure (Vision 2047) and Advanced Manufacturing (Make in India), the Group plans to expand its workforce by 10,000 within the next three years.At the same time, the Group has already capex plans of Rs. 100,000 crore for the next five years towards its vision of Sand to Molecule integration and build scale in each of its businesses.
“The world is entering the most transformative phase of clean energy adoption in its history”, said Mr. Vineet Mittal, Chairman, Avaada Group. “While the AI data era is consuming a trillion extra units of electricity every year, the value creation opportunity lies in understanding how to manage the growing tightness in global power markets. Reliable electricity is undergoing premiumisation. It is becoming a strategic commodity, reshaping energy policy, capital markets, and industrial competitiveness across regions. In such a scenario, India remains attractively poised to transition from a supply-constrained, utility-scale model to a demand-rich, distributed, and policy-backed clean energy market. Avaada’s integrated strategy — spanning manufacturing, rooftop kits, rural solar, storage, and renewable generation — positions us to lead and scale with this transformation”.
Recently, the Avaada Group, powering its energy credentials through solar, wind, hybrid systems, pumped hydro, and battery storage solutions, launched its new high-decibel brand campaign, “Always Clean, Always On”, underscoring the vital role of 24×7 clean power in an increasingly digitized and electrified world. The campaign made its high-profile debut on Kaun Banega Crorepati (KBC), India’s most-watched television show. This also sets the context for Group’s growth focus – transitioning from a largely B2G (business to government) player to a larger B2B and B2C player. We have set a target of achieving 50% of revenues from the non-government sector by 2030. The Avaada Group has a capacity of 6.1 GWp and has set sights to cross 30 GWp mark by 2031.
Overcapacity – a myth!
India’s quest to add 500 GWp non-fossil fuel capacity by 2030 is gaining momentum. As on date, India has total renewable energy capacity of 256 GWpand 162 GWp of projects remain in the pipeline. The country has added around 28 GWp in the past six month itself. India is building ahead of schedule.The pending PPAs aggregating 40 GWpis already seeing lot of action from the Government.
India’s clean energy market is evolving into a self-reinforcing ecosystem. The combination of policy support, industrial decarbonisation, and regulatory reform creates a robust cycle. India’s clean energy demand is no longer purely utility-scale or bid-dependent. The ecosystem now includes household rooftop solar, institutional and commercial rooftop systems, and rural solarisation underpinned by central and state subsidies.With a combination of federal subsidies, state-level incentives, and targeted programmes across residential, commercial, and agricultural segments, the country is now building a mass-market, policy-driven ecosystem for renewable energy — especially solar and storage.India’s policies now ensure domestic absorption of 70–80 GWp/year of RE capacity, strengthening local manufacturing and decoupling from global price volatility.
Globally, factors such as structural bottlenecks in grid investments, dependence on gas and storage, as well as, rising demand for guaranteed stable megawatt-hours by especially data centres, industrials, and EV manufacturers is signalling the rise of new age energy data nexus. With countries such as China and US now entering an inflationary phase in terms of solar, the Make in India mission backed by anti-dumping supply stance of the Indian government will power India’s solar industry to an orbital shift in the next few years.
About Avaada Group
Avaada Group is a diversified clean energy conglomerate driving the energy transition across Renewable Power Generation, Solar PV Manufacturing, Green Hydrogen and Derivatives, Battery Storage, Pumped Hydro Projects, and Green Data Centres. With innovation and sustainability at its core, Avaada is powering the industries of tomorrow with solutions that are Always Clean, Always On.
