Avaada Group, a powerhouse in the renewable energy sector is gearing up for a surge in its workforce, with plans to expand its employee count by 300% within the next 24 months. In an interview to mint, Vineet Mittal, the chairman and founder of Avaada revealed their hiring plans.
Presently, Avaada maintains a dedicated workforce of approximately 700 professionals. The hiring plans come as a natural progression, in sync with Avaada's rising ventures in solar module manufacturing and green hydrogen initiatives. "We have set our sights on bringing aboard 2,000 to 3,000 new talents within the span of two years," Mittal said.
The revelation follows closely on the heels of Avaada securing $1.3 billion in funding, making waves within India's renewable energy landscape. The financial boost comprised $1 billion investment from Brookfield Global Transition Fund, further bolstered by a $233 million infusion by stalwart stakeholder Global Power Synergy Public Co.
Mittal laid out the statistics underlying Avaada's ascendancy. The company currently boasts an operational renewable energy capacity of an impressive 4 GW, with an additional 3 GW under active construction. However, Avaada is aiming to elevate its renewable energy capacity to a 30 GW by 2030.
The company has already secured a substantial production-linked incentive of ₹961 crore for a 3 GW wafer-to-module capacity, as an integral facet of the central government's PLI scheme.