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Renewable energy firm Avaada Group completes Rs 10,700 cr-funding round

The funds will be used to bolster Avaada's green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures

climate finance, green bonds, climate change, global finance, global fundung, funding

Press Trust of India

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Renewable energy company Avaada Group on Wednesday said it has closed a funding round of Rs 10,700 crore.
The funds will be used to bolster Avaada's green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures.
"Avaada Group has announced the successful closure of Rs 10,700 crore (USD 1.3 billion) funding round, marking a historic moment for the green energy industry in Asia and India's renewable energy sector," the company said in a statement.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 28 2023 | 11:27 PM IST

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