Avaada to invest $5 billion in green hydrogen, ammonia plant in India

Share

From pv magazine India

Avaada Group will invest around $5 billion to build an integrated green hydrogen and ammonia plant with captive renewable energy capacity in the Indian state of Rajasthan.

The company recently signed a memorandum of understanding with the state government on the proposed investment. Ravi Verma, senior executive vice president of Avaada Group, told pv magazine that the company will set up around 6 GW of renewable energy capacity for captive consumption by its green hydrogen and ammonia site. The renewables capacity will come up at different locations in Rajasthan. 

Avaada aims to reach 11 GW by 2025 and 30 GW by 2030. It plans to scale its PV manufacturing to 10 GW by 2030, with backward integration into polysilicon, ingots, and wafers.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

US startup developing defrost-free residential heat pump for cold climates
11 February 2025 TerraVis Energy claims its new heat pump system can achieve a seasonal coefficient performance of 3.5 and deliver 30 C of heat indoors at -50 C. CEO L...