Latest news with #VineetMittal
Time of India
4 days ago
- Business
- Time of India
Avaada Butibori plant is India's 1st to make 720Wp solar modules
Nagpur: Avaada Electro, which is building a solar power equipment plant at Butibori, has claimed to be the first to manufacture large-sized 720 Watt peak (Wp) TOPcon solar modules in the country. The plant at Butibori near Nagpur is expected to emerge as the country's largest solar modules and cells manufacturing facility. Avaada's projects in the state entail an investment of Rs13,000 crore, most of which is for the Butibori plant. The company has now begun manufacturing 720Wp modules at Butibori. It is currently importing the cells, which are a key component for making modules, from China. However, there are plans to operationalise the cell-making unit also by October. This will enable fully indigenous manufacturing of solar modules, doing away with dependence on China, said company officials. Even China started making 720Wp capacity modules less than a year ago. Avaada is expected to be second globally after China, said a source. Avaada Electro had performed the groundbreaking ceremony for its Butibori plant last October. Modules are the equipment that generate solar power. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo They are made of numerous solar cells. So far, modules made in India have smaller 182x183mm M10 cells which can generate 595Wp solar power. Avaada has begun manufacturing modules made of 220x220mm G12 cells. The modules have the capacity to generate as much as 720Wp power, explained a company official. The manufacturing of the first phase with a capacity of 1.5 gigawatts (GW) has started at Butibori . By July, the full capacity of making modules with a combined capacity of 7GW is expected to be reached. Modules made through the G12 cells can generate more solar power in less area due to the cell's size. Solar module installations occupy a sizeable area, said the source. Similarly, the company has also commercially launched the 630Wp solar modules. The Butibori plant has also been included in the ministry of renewable energy's (MRE) approved list of models and manufacturers (ALMM). This will ensure Avaada's eligibility for taking part in the govt tenders. The Butibori unit has already started supplying solar panels for the state govt's Mukhya Mantri Saur Krishi Vahini Yojana -- the state govt project for supplying solar power to farmers. According to company chairman Vineet Mittal with ALMM accreditation of the Butibori plant and the launch of 720Wp and 630Wp cells, the company hopes to achieve a major revolution in the sector. With Butibori emerging as a prime destination for solar energy equipment makers, Avaada is the first to start production. Other companies like Jindal Group and Waaree Energies also have similar plans for Nagpur.
Time of India
4 days ago
- Business
- Time of India
Avaada Electro eyes 12 GW module & cell manufacturing capacity by FY27 at Butibori facility, ET Manufacturing
Advt Avaada Group's manufacturing arm Avaada Electro is looking to scale up module and cell manufacturing capacity to 12 Gigawatt each at its Butibori facility in Nagpur The capacity will be increased up to 7 gigawatt by next month, the company said in a statement."Avaada Electro is scaling towards a 12 GW solar module and 12 GW solar cell manufacturing capacity by the next financial year," it company also announced that its Butibori facility has been officially included in the Approved List of Models and Manufacturers ( ALMM ) by the Ministry of New and Renewable Energy (MNRE). Vineet Mittal , Chairman & Founder , Avaada Group, said, "With ALMM certification of our Butibori plant and the commercial launch of our 720 Wp and 630 Wp N-type TOPCon modules, we are proud to lead India 's solar manufacturing revolution."The company's Dadri facility is already was introduced by the government to boost domestic manufacturing of solar panels.
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
Not a dream, a destination: Building the new Bharat with power of the sun
The truth: Solar already powers metro trains, steel plants, and data centres. And it creates more jobs per megawatt than coal ever did Vineet Mittal A Solar-Powered Bharat: Not a Dream, a Destination Picture this: By 2030, every home, every factory, every handheld device in Bharat runs not on coal or gas, but on sunlight. No new thermal plants, no new gas lines—just solar energy from our skies, wind from our coasts, and batteries storing power for when the sun rests. This is not wishful thinking. It is a blueprint for energy independence, economic security, and environmental leadership. And Bharat has both the capacity and the clarity to make it happen. But if solar power is so promising, why does it still account for just 21.8 per cent of our installed capacity? The answer lies not in technology, but in transition. The Real Cost of Going Solar Yes, solar panels are cheaper than ever. But powering a house or a factory with solar is not just about installing a few panels. You need: Inverters Wiring Batteries (for night-time use) Permits and compliance For many rural households and farming communities still dependent on subsidised coal power, the shift feels like giving up a functional old car for a shiny new one—but the new one needs a custom-built road to run on. While long-term savings are undeniable, the upfront cost can be daunting. That is why access to finance is critical. We must build a system that makes solar adoption as simple as getting a mobile SIM—low-entry, fast-install, and government-supported. Batteries: The Silent Partner in the Solar Story The sun is generous, but it doesn't work nights. To truly run on solar, we need to store sunlight—and that's where Battery Energy Storage Systems (BESS) come in. These are not the batteries in your phone—they're large, smart systems that can power cities. Encouragingly, the cost of electricity from solar + BESS is now nearly half that of a new coal plant. Investing in BESS manufacturing, recycling, and deployment is not optional—it's urgent. The Weather Factor: Geography Is Not Destiny India is blessed with solar potential—states like Rajasthan, Gujarat, Maharashtra, Karnataka, and Tamil Nadu are already leading. But what about cloudy eastern or foggy northern states? Solar output varies by season and location, but India's robust inter-state transmission system (ISTS) allows for power balancing across regions. This grid is the unsung hero of our energy transformation and will be central to India's success in the 'One Sun, One World, One Grid' vision. Large solar farms need space—and lots of it. But space is contested. Agricultural land, forests, or homes can't always make way for panels. Luckily, we have the Thar Desert, capable of powering all of India and even exporting to neighbours. We also have innovative options: Floating solar on reservoirs Solar panels over canals Agrivoltaics—farming under panels Solar need not be a land-grabber. It can coexist with agriculture, nature, and livelihoods. Upgrading an Outdated Grid The grid we use today was built for coal: centralised, slow, and one-way. Solar is the opposite—distributed, dynamic, and digital. Upgrading the grid isn't just necessary—it's an opportunity. With smart metering, AI-driven energy trading, and smart substations, we can create a 21st-century infrastructure for a 21st-century economy. Changing Minds: The Final Frontier Many still ask: 'Can solar run an industrial Bharat?' 'Will renewables kill jobs?' The truth: Solar already powers metro trains, steel plants, and data centres. And it creates more jobs per megawatt than coal ever did. But myths stick. That's why we need a nationwide education and awareness campaign, especially in schools and rural areas. The solar revolution must become a people's movement. The Sun Is Waiting, Are We Ready? Building a solar Bharat isn't easy. It's a complex path—full of hurdles in policy, finance, technology, and perception. But the opportunity before us is enormous: Clean skies, energy security, job creation, and global leadership in green technology. What's stopping us? The sun rises every day. It's clean, reliable, and limitless. Bharat doesn't need to wait for miracles from outside. The miracle is already here, waiting for us to harness it. Let's build the new Bharat—powered by sunlight, united by purpose, and driven by vision.
Time of India
29-04-2025
- Business
- Time of India
Avaada Group signs MoU with Maharashtra govt to set up 3,650 MW pumped storage projects
Mumbai: Avaada Group on Tuesday said it has signed a Memorandum of Understanding (MoU) with the Water Resources Department, Government of Maharashtra, to develop two pumped storage hydro projects with a combined capacity of 3,650 MW. According to the official press release, the two projects – 2,400 MW Pawana Falyan and 1,200 MW Sirsala – will see an investment of ₹15,100 crore and are expected to generate over 3,800 direct employment opportunities. 'Maharashtra aims to become the Green Energy Hub of India. All signed MoUs must translate into swift execution on the ground, and the Government will ensure complete support to developers to fast-track these transformational projects,' said Chief Minister of Maharashtra Devendra Fadnavis. The release added that these pumped storage initiatives will play a critical role in strengthening the state's energy security by enabling round-the-clock renewable power , supporting grid balancing, and ensuring the seamless integration of clean energy into the state's power mix. Vineet Mittal, Chairman, Avaada Group said that this agreement is a decisive step towards securing India's clean energy future and added that pumped storage solutions are pivotal for maintaining grid reliability and ensuring renewable energy availability round-the-clock.
