Investor Presentaiton
IND: Avaada Solar Project
Company
Avaada Energy Private
Limited
Country
India
Energy
Sector
Investment Type
Parallel Equity
Commitment Date 22 March 2019
ADB
LEAP
$25 million
$25 million
Transaction Highlights:
.
•
$25 million equity investment in Avaada Energy
Private Limited to expand its solar photovoltaic
operating and under construction generation
capacity from 593 megawatts (MW) as of
December 2018 to 1,991 MW operating
capacity by March 2023.
Development Impacts:
The project will contribute to the strategy of
the Government of India to increase the share
of renewable energy generation capacity from
about 20% in 2018 to 40% by 2030, and help
reduce the emission intensity of India's gross
domestic product by 33% to 35% by 2030.
7 October 2019
58
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