Avaada Energy Maharashtra Solar PV Park is a 250MW solar PV power project. It is planned in Maharashtra, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
|Project Type||Total Capacity (MW)||Active Capacity (MW)||Pipeline Capacity (MW)||Project Status||Project Location||Project Developer||Solar PV||250||–||250||Permitting||Maharashtra, India||Avaada Energy|
The project is being developed and currently owned by Avaada Energy.
Avaada Energy Maharashtra Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $174.5m.
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Maharashtra State Electricity Distribution under a power purchase agreement. The power will be sold at the rate of $0.04kWh for a period of 25 years. The capacity to be procured is 250MW.
About Avaada Energy
Avaada Energy Pvt Ltd (Avaada) is an independent power producer. It develops utility-scale roof top solar plants and wind projects, and hybrid energy solutions. The company also provides engineering, procurement and construction services. Avaada sells electricity generated from its plants to hotels, hospitals, corporates, education institutions, and industrial and infrastructure companies. It owns and operates solar plants and wind farms in Karnataka, Orissa, Haryana, Maharashtra and Tamilnadu, and has interests in various projects that are in under implementation stage. Avaada is headquartered in Mumbai, Maharashtra, India.
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.