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Avaada to raise funds abroad for solar energy projects in Vietnam, Africa

Avaada says it is looking at 5,000 Mw in solar and wind energy, both in India and abroad

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Last Updated : Feb 26 2018 | 9:57 PM IST

Vineet Mittal's Avaada group plans to raise dollar-denominated bonds for its solar energy business abroad. The Mumbai-based entity is looking at eight countries, including Vietnam and some in Africa.

Deals for two of these are likely to be signed as part of the International Solar Alliance next month, Mittal told Business Standard. Due to a confidentiality clause, he did not name the African countries but said the projects would be off-grid and mini-grid.

“There is a huge opportunity, provided we can understand the regulatory risks and cover it with a risk mitigation plan,” said Mittal. The company would be taking

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