Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

The fund will be utilized to expand its solar generation capacity up to 3.5 GW

September 29, 2020

/ Harsh Shukla
/ Finance and M&A, Solar
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The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity in the country.

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Harsh Shukla

More articles from Harsh Shukla.
Asian Development BankAvaada EnergyfinanceFundinginvestmentSolar Energy
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