Renewable energy firm Avaada Group has entered into an agreement with the Bihar government to develop 1 gigawatt (GW) of clean energy infrastructure across the state. The planned investment amounts to ₹5,000 crore and includes ground-mounted and floating solar installations, localized solar grids for communities, and energy storage systems.
The partnership was formalized through a Memorandum of Understanding (MoU) signed between the Bihar Renewable Energy Development Agency and Avaada Energy’s CEO, Kishor Nair. The agreement was signed in the presence of Bihar’s Energy Minister Bijendra Prasad Yadav and Industries Minister Nitish Mishra, during the unveiling of the state’s new renewable energy and pumped storage policy.
The state administration has committed to assisting Avaada in securing all required permissions and coordination from various departments, helping to streamline the rollout of the projects. Vineet Mittal, Chairperson of Avaada Group, welcomed the policy move, saying it sets the stage for greater investment in Bihar’s green energy sector.
“This initiative aligns with our goal of accelerating India’s shift to cleaner power sources, while also supporting local economic growth. The collaboration will tap into Bihar’s solar potential and create a path for long-term sustainability through solar and battery projects,” said CEO Kishor Nair. “This venture is expected to generate jobs, attract related industries, and contribute to the region’s overall development.”
Once operational, the renewable installations are expected to directly employ around 500 people. The project is expected to go live within two years, depending on timely execution of power purchase agreements (PPAs) and the allocation of land and water resources by the state.
Avaada will also benefit from incentives available under Bihar’s clean energy policies. The company operates in various areas of the green energy sector including solar module production, electricity generation from renewable sources, low-carbon data infrastructure, hydrogen and ammonia derived from clean sources, as well as pumped and battery-based storage systems.
Backed by $1.3 billion in funding from Brookfield’s Energy Transition Fund and Thailand-based GPSC (part of PTT Group), Avaada aims to reach a total renewable capacity of 30 GWp by 2030. Avaada Group is a leading Indian conglomerate focused on sustainable energy solutions, primarily specializing in renewable energy generation, storage, and distribution. With a strong presence in the solar power sector, the company is committed to driving India’s transition to a greener and more sustainable future.
