Avaada Group, one of India’s leading renewable energy companies, has laid the foundation stone for its new manufacturing facility, Avaada Electro Pvt. Ltd., at the Addl. Butibori Industrial Park in Nagpur. The Foundation Stone was laid by Devendra Fadnavis, Deputy Chief Minister of Maharashtra.
The new facility, a part of Avaada’s `13,650 crore investment, is set to play a critical role in India’s renewable energy ambitions. The super factory will contribute to the nation’s target of cutting carbon emissions by 50% by 2030 and achieving net-zero emissions by 2070. Focusing on the entire solar value chain, from ingot-wafer to PV cell and module production, the facility will also manufacture next-generation batteries and electrolyzer.
Avaada plans to enhance domestic supply chains by establishing ancillary units to produce module glass and frames, ensuring timely delivery of top-quality PV modules.
Speaking during the ceremony, Devendra Fadnavis remarked, “This facility demonstrates Avaada’s commitment to Maharashtra’s industrial growth and aligns with both state and national objectives to promote sustainable energy solutions. It reinforces Maharashtra as a key hub for solar manufacturing, and we are excited to see the impact it will have on the region’s economy and environment.”
Avaada’s first phase will see the launch of a Wafer to Module project with a planned capacity of 5 GW for solar cells and 3 GW for modules.
