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ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

ADB aims to help Avaada Energy to expand its solar energy portfolio in India and increase the installed renewable energy capacity as envisaged by the Indian government

March 20, 2019

/ shaurya
/ Finance and M&A, Solar
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The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India.

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