Avaada Group has secured US$1.07 billion for its green hydrogen and green ammonia ventures in India in a funding round led by Brookfield Renewable’ the renewables arm of Canada’s Brookfield Asset Management.
The Indian energy platform is looking to raise US$1.3 billion for its endeavors.
Brookfield Global Transition Fund (BGTF), which facilitated Brookfield Renewable’s participation in the fundraising initiative, will inject up to US$ 1 billion into Avaada Ventures Pvt Ltd.
Avaada’s green hydrogen business will get a US$ 68 million boost from Global Power Synergy Public Co Ltd.
Avaada is holding advanced talks with potential investors for an additional US$ 200 million funding.
Avaada Group has begun manufacturing solar cells and modules and embarked on green hydrogen production. It as around 4 GW of renewable power assets and plans to expand its fleet to 11 GW by 2026 and to 30 GW by 2030.


South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions
ASIC Launches Formal Investigation Into KPMG Australia Partners Over Client Data Misuse Allegations
SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’
Sunshine Silver Raises $270 Million in U.S. IPO as 2026 Market Debut Boom Accelerates
SpaceX Targets Record-Breaking $75 Billion IPO at $135 Per Share in Historic Market Debut
US Dollar Holds Near Two-Month High as Fed Rate Outlook and Middle East Tensions Boost Demand
Foreign Firms Cash In on India's IPO Boom
Lululemon Cuts 2026 Outlook as Weak North America Sales Pressure Growth
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide
Australia Passes Major Tax Reform Bill to Boost Housing Affordability and Cut Taxes for Workers
Fungi are among the planet’s most important organisms — yet they continue to be overlooked in conservation strategies
As the Black Summer megafires neared, people rallied to save wildlife and domestic animals. But it came at a real cost
How is Antarctica melting, exactly? Crucial details are beginning to come into focus
US-Iran Gulf Clash Raises Oil Market and Defense Stock Concerns 



