Avaada Group Secures $950 Million in Financing

Avaada Group recently announced the successful financial closure of its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan.

The company also secured debt financing for two 300 MW solar power projects located in Rajasthan and Gujarat. With these transactions, Avaada Group has achieved total debt sanctions of nearly $950 million across three large-scale utility renewable energy projects.

The FDRE project in Bikaner is being developed under a long-term Power Purchase Agreement (PPA) with SJVN Limited. It represents an advanced renewable energy model that integrates clean power generation with firm and dispatchable supply, aimed at improving grid stability and enabling round-the-clock renewable electricity delivery.