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Bangkok Post
Bangkok Post
Business

Avaada wins solar farm bid

Avaada GPSC India PTT Plc Oil Renewable Energy
G Float floating solar panels, developed by GPSC, are among solar power businesses invested by the firm. Its India-based subsidiary is going to develop a large-scale solar farm in the country.

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, continues to grow its renewable business in India after its subsidiary Avaada Energy Private (Avaada) won an auction for a 421-megawatt solar farm project in the country.

The project will play a key role in increasing electricity generation capacity from renewable sources in India to more than 5,000MW, helping its government to achieve a goal to have clean energy make up over 50% of fuels used in power generation, according to GPSC.

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