ADB, DEG join $144m round for India solar player
Indian renewable energy developer Avaada Energy has raised a INR10 billion ($144 million) investment from a consortium including the Asian Development Bank (ADB) and development institutions DEG and FMO.
Vineet Mittal, Avaada’s founder, also participated in the investment, according to media reports linked from Avaada’s Twitter account. The company will use the new capital to support a 2.4 gigawatt...
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