Avaada Energy Secures Rs 315 Cr Financing for Karnataka Solar Project

Avaada Energy Secures Rs 315 Cr for Karnataka Solar Project

Avaada Energy has closed Rs 315 crore financing for a solar project in Karnataka under a long-term agreement with Karnataka Cooperative Milk Producers’ Federation.

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The financing was provided by Aseem Infrastructure Finance Limited, an IFC dedicated to supporting Indian infrastructure growth with competitive project loans.

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The solar PV project, located in Kalaburagi, Karnataka, showcases Avaada’s strong project development and financing capabilities, expected to complete by Q3 FY25.

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Avaada Energy aims to reach 11 GWp capacity by 2026, contributing significantly to India’s renewable energy and sustainable fuel transition.

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