Avaada Group to Invest ₹5,000 Crore in Bihar for 1 GW Renewable Energy Rollout

In a significant boost to Bihar’s clean energy ambitions, the Avaada Group has committed to investing ₹5,000 crore to develop 1 gigawatt of renewable energy projects across the state, as per the PTI report. The announcement was made during the launch of Bihar’s new renewable energy and pumped storage policy, marking a new chapter in the region’s sustainable development journey.

Strategic Partnerships with Broad Infrastructure Scope

Avaada formalised a memorandum of understanding with the Bihar government, with the agreement signed in the presence of Energy Minister Bijendra Prasad Yadav and Industries Minister Nitish Mishra. The investment will be used to build a variety of installations, including ground-mounted and floating solar systems, community-based solar plants, and battery energy storage units. The government has assured full support by helping Avaada secure the required land and water access, along with approvals from concerned departments.

The renewable energy firm will also qualify for incentives under Bihar’s current renewable policy. Project execution is set to begin once power purchase agreements are finalised with state agencies. The first phase of production is expected to go live within two years.

Workforce Impact and Leadership Insight

The initiative is projected to create around 500 direct employment opportunities, with additional economic impact expected through allied industries. Commenting on the partnership, Kishor Nair, CEO of Avaada Energy, said, “Our partnership with the Government of Bihar marks a significant step towards harnessing the state’s renewable energy potential. Beyond clean energy generation, this investment will create employment opportunities, attract allied industries, and foster sustainable socio-economic progress.”

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Conclusion

Avaada’s ₹5,000 crore commitment not only underscores the growing investor interest in Bihar’s green economy but also aligns with India’s broader push toward decentralised renewable power. The state’s proactive policies and fast-tracked approvals could make it a key player in India’s renewable energy landscape.

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