Avaada Energy, a leading player in the renewable energy sector, has secured a substantial loan of Rs. 1,190 crore from the State Bank of India (SBI) for its solar project.

• This financial backing from one of India's largest banks underscores the growing confidence in the renewable energy market and highlights the importance of financing in driving the transition towards clean energy.
• The loan will be utilised to support Avaada Energy's ambitious solar project, which aims to enhance the country's renewable energy capacity and contribute to its sustainable development goals.
• With a focus on harnessing solar power, the project aligns with India's broader vision of expanding its renewable energy portfolio and reducing dependence on fossil fuels.