Avaada Group has committed an investment of INR 50,000 crore to develop 6 GW of solar energy, 700 MW of wind energy, 2.1 GW of battery energy storage systems (BESS), and 2 GW of pumped storage projects in Madhya Pradesh. Additionally, it will establish green energy equipment manufacturing facilities in the state.
The Group recently signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh, committing an investment of INR 50,000 crore. The agreement was formalized at the MP-GIS 2025 Curtain Raiser event, inaugurated by Prime Minister Narendra Modi in New Delhi.
These projects are expected to create thousands of direct and indirect employment opportunities in Madhya Pradesh.
Vineet Mittal, Chairman, Avaada Group, stated, “Madhya Pradesh is emerging as a beacon of India’s energy transition, driven by its strategic vision, progressive policies, and dynamic leadership. In 2013, we laid the foundation for our renewable energy journey here with a 151 MW project—then the largest in Asia and the second-largest in the world. Today, we are deepening our commitment with a INR 50,000 crore investment in solar, wind, pumped storage, and green energy equipment manufacturing.”
Under the leadership of Hon’ble Chief Minister Dr. Mohan Yadav, Madhya Pradesh is uniquely positioned to lead India’s green energy revolution, with abundant sunlight, wind potential, and a skilled workforce ready to power the future.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.