Vineet Mittal’s Avaada powers ahead in renewables race

Despite being a late entrant to the clean energy sector, the six-year-old firm has scored several wins recently to emerge as a leading solar project developer.

The man who helped build what was once India’s largest solar developer is back for another crack at the market. 

Over a decade ago, Vineet Mittal led Welspun Energy’s foray into renewables when the solar market in India was almost non-existent. After selling the business to the Tata group in 2016, he embarked on another entrepreneurial journey. 

Six years after it was founded, Mittal’s Avaada Energy has emerged among the top five large-scale solar developers by capacity. With a healthy pipeline of projects and marquee investors on board, he has now set his sights on becoming a mainstay in India’s …

Author

Azman Usmani

Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.

Writer

azman@mailtmc.com

Mumbai