Avaada Group is setting its sights on raising $1 billion (over ₹8,400 crore) in debt by March next year to fund its ambitious green energy projects, including wind, solar, and battery storage initiatives. Chairman Vineet Mittal shared with FE that the group has already raised equity and is now turning to debt to accelerate its growth. With an operational capacity of 4.7 gigawatts (GW), Avaada is targeting 11 GW by 2026 and 30 GW by 2030. Mittal emphasized that achieving 30 GW could happen sooner if the necessary transmission lines are developed. The group’s energy portfolio also includes 5 gigawatt-hours (GWh) of battery storage and 10 GWh of long-duration pumped hydel storage. Alongside its solar ventures, Avaada has an operational 1.5 GW solar plant in Noida. In parallel, Tata Power has also invested in solar manufacturing, with a 4 GW solar cell and module plant in Tamil Nadu that began operations last year. Additionally, Avaada is expanding into green ammonia and green hydrogen projects in Gopalpur, Odisha, with $1.8 billion secured from REC to fund its production facility in the Gopalpur Industrial Park.