Avaada Group has achieved financial closure of $1.3 billion for a 2,150 MW renewable portfolio in Gujarat and Maharashtra. The projects include 1,350 MW hybrid renewable capacity and 800 MW utility-scale solar projects for MSEDCL and GUVNL. Financed by SBI, REC Ltd, and Canara Bank, the portfolio will develop over 3,000 MW solar and 450 MW wind capacity.
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