Avaada Group to Drive Rajasthan’s Renewable Energy with Rs 1 Lakh Crore Investment
- Muhammad Ahmad
- Dec 10, 2024
- 2 min read
Rs 1 Lakh Crore investment to drive green energy and job creation across Rajasthan
Avaada Group’s investment promises a sustainable future for Rajasthan
Avaada Group will invest Rs 1 lakh crore in Rajasthan to establish the world’s largest renewable energy hub.
Focus on green hydrogen, methanol, ammonia, sustainable aviation fuel, and solar module manufacturing.
Investment to generate millions of jobs and empower communities across the state.
Avaada Group, a leader in renewable energy solutions, has announced an ambitious investment of Rs 1 lakh crore in Rajasthan to establish the state as the world’s largest renewable energy hub. Chairman Vineet Mittal made this announcement at the Rising Rajasthan 2024 Summit. The group aims to drive advancements in solar module manufacturing and producing green hydrogen, methanol, ammonia, and sustainable aviation fuels.
This initiative holds immense significance for Rajasthan, not only positioning it as a global leader in renewable energy but also fostering economic growth by creating millions of jobs and empowering local communities. The investment underscores Avaada Group’s commitment to sustainable development and the transition to a green economy.
Technical Focus
India’s renewable energy market is among the fastest-growing globally, aiming to achieve 500 GW of renewable capacity by 2030. With its abundant solar resources and land availability, Rajasthan plays a pivotal role in this journey. Avaada’s investment aligns with national goals to promote green hydrogen and other renewable solutions, supporting India’s energy security and decarbonization vision.
Vineet Mittal detailed their plans and highlighted Avaada’s focus on environmental sustainability and economic development. “Our investment will transform Rajasthan into a global renewable energy hub while creating jobs and improving lives,” he emphasized.
The comprehensive strategy includes large-scale manufacturing facilities and innovative projects for green fuels, which are crucial for reducing dependence on fossil fuels and supporting clean energy transitions. Avaada’s efforts also align with global climate goals, fostering a sustainable future for future generations.
This initiative reflects Avaada’s commitment to pioneering green technologies and reshaping energy landscapes. By investing heavily in Rajasthan’s renewable energy sector, the group is set to catalyze a greener, more sustainable economy.