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Avaada Plans INR 22,000 Crore Investment to Expand Solar and Energy Storage Capacity

Avaada Group is gearing up for a major expansion with an investment plan of Rs22,000 crore across solar power, battery storage, and pumped hydro projects, as India’s renewable energy share continues to rise and grid-balancing needs become more critical.

A significant portion of the investment—around Rs7,500 crore—has been allocated to pumped storage projects, aimed at supporting long-duration energy balancing. The company is also developing a 2,500 MWh battery energy storage system in Rajasthan, alongside plans to commission nearly 1,000 MW of solar capacity within the current financial year.

According to Vineet Mittal, the company expects to bring between 800 MW and 1 GW of solar capacity online by March, with most substations already in place and awaiting grid synchronisation.

The battery storage project, scheduled for commissioning next year, forms a key part of the overall investment strategy. Industry trends indicate that storage tenders are increasingly being designed for four to six hours of dispatch, reflecting a shift in India’s peak demand patterns beyond traditional evening hours.

Mittal emphasized the need for a balanced mix of storage technologies, noting that while battery systems are suited for short-term peak demand management, pumped hydro solutions play a crucial role in long-duration grid stability.

With renewable energy integration accelerating, regulatory enforcement around consumption is also tightening, further driving demand for reliable storage solutions to support evolving grid dynamics.