Business 31 May, 2026

Avaada Group plans to add 5GW renewable projects in FY27: Chairman Vineet Mittal

Business To Business, New Delhi, 31^st May, 2026:   Avaada Group is targeting the addition of 5 gigawatts (GW) of renewable energy capacity during the current financial year, reflecting an accelerated expansion strategy in India's clean energy sector.
According to Vineet Mittal, the company has already secured key prerequisites for these projects, including:

• Power Purchase Agreements (PPAs).
• Grid connectivity approvals.
• Necessary project development clearances.

Performance in the previous fiscal year
The company added 2 GW of renewable energy capacity during the last financial year.
Mittal noted that Avaada could have added an additional 1-2 GW in FY26, but expansion was constrained by:

• Delays in signing PPAs.
• Transmission infrastructure bottlenecks.
• Grid connectivity-related challenges.

These issues have affected renewable energy developers across the sector, as project execution often depends on timely power offtake agreements and availability of transmission networks.
Why the 5 GW target matters
If achieved, the addition of 5 GW in a single year would represent a substantial increase in Avaada's project commissioning pace and contribute significantly to India's renewable energy goals.
The planned capacity is expected to include a mix of:

• Solar power projects.
• Wind energy projects.
• Hybrid renewable energy installations.

Broader context
India has set ambitious targets for expanding non-fossil fuel electricity generation and is investing heavily in renewable energy infrastructure. Developers such as Avaada Group, along with other major players, are expected to play a key role in helping the country meet its clean-energy objectives while supporting growing electricity demand.
The company's confidence in adding 5 GW this year suggests that many of the regulatory and infrastructure approvals required for the upcoming projects have already been secured, reducing execution risks compared with previous years.