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Recently, Indian solar developer Avaada Power has further relaxed the requirements for the Indian PV market by signing a memorandum of understanding with the Andhra Pradesh government to develop 500MW utility-scale PV projects with an investment of 35 billion rupees (about 537 million US dollars).
PV projects in South India will be able to provide electricity to the equivalent of 2.
4 million homes and create more than 1,200 jobs
, the company said.
The Andhra Pradesh government is one of the leading Indian countries in terms of renewable energy deployment, with a target of 18GW of renewable energy capacity
by 2021-2022.
Avaada Power only signed a memorandum of understanding with the government of Uttar Pradesh last week, with another 1.
6GW of projects requiring $1.
55 billion
to be invested.
Avaada Power also said it would focus on projects outside India, spanning Africa and Asia
.
The Chairman of Avaada Group said, "We are making significant investments in innovative clean energy solutions, with a focus on solar and wind energy
.
The company has set a target of
5 GW capacity over the next four years.
We are therefore committed to playing a key role in meeting the growing demand for energy, reaffirming our commitment
to providing clean and sustainable energy for all.
”
(This article first published cable network: /, please indicate the source for reprinting)
Recently, Indian solar developer Avaada Power has further relaxed the requirements for the Indian PV market by signing a memorandum of understanding with the Andhra Pradesh government to develop 500MW utility-scale PV projects with an investment of 35 billion rupees (about 537 million US dollars).
PV projects in South India will be able to provide electricity to the equivalent of 2.
4 million homes and create more than 1,200 jobs
, the company said.
The Andhra Pradesh government is one of the leading Indian countries in terms of renewable energy deployment, with a target of 18GW of renewable energy capacity
by 2021-2022.
Avaada Power only signed a memorandum of understanding with the government of Uttar Pradesh last week, with another 1.
6GW of projects requiring $1.
55 billion
to be invested.
Avaada Power also said it would focus on projects outside India, spanning Africa and Asia
.
The Chairman of Avaada Group said, "We are making significant investments in innovative clean energy solutions, with a focus on solar and wind energy
.
The company has set a target of
5 GW capacity over the next four years.
We are therefore committed to playing a key role in meeting the growing demand for energy, reaffirming our commitment
to providing clean and sustainable energy for all.
”
(This article first published cable network: /, please indicate the source for reprinting)
/
