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Last Updated on 25th June 2024
Avaada Group has initiated the construction of a USD 3 billion green hydrogen project in Gopalpur, Odisha. The groundbreaking ceremony took place in the presence of Chief Minister Naveen Patnaik. According to the company, the project will create 1,600 additional direct employment opportunities and 4,000 more indirect employment opportunities.
In an official statement, Avaada Group stated, "Odisha Chief Minister Naveen Patnaik laid the foundation stone for Avaada Group's Green Hydrogen project today in Gopalpur, Ganjam."
Avaada Group's green hydrogen project in Odisha is a commendable initiative that addresses multiple critical aspects. It promotes clean energy generation, fosters economic growth through job creation, and positions India as a leader in the green hydrogen revolution. With its large-scale operations and focus on sustainability, this project has the potential to set a benchmark for future green hydrogen endeavors across the country.
This ambitious project, envisioned to be one of the largest green hydrogen facilities in the country, will leverage renewable energy sources like solar and wind to produce clean hydrogen through electrolysis. Green hydrogen, unlike its grey or blue counterparts, is produced without generating greenhouse gas emissions, making it a critical fuel in the fight against climate change. Earlier this year, ACME Group and IHI Corporation signed an MoU for the development of a $7 billion green hydrogen plant in Gopalpur Industrial Park.
Avaada Group is a leading renewable energy company in India. Vineet Mittal founded it in 2017, and it has since grown to be one of the biggest solar power developers in the nation. The company has a diversified portfolio of renewable energy projects, including solar, wind, and biomass. Avaada Group is also involved in the manufacturing of solar panels and electrolyzers, as well as the production of green hydrogen and green ammonia. To further learn about upcoming and ongoing projects of the Avaada group, check out our Indian green hydrogen project database.
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