Avaada Group raises $1 billion funding

The Avaada Group has raised $1.07 billion (Rs 82 billion) to fund its green hydrogen and green ammonia ventures in India as part of its ongoing $1.3 billion fundraising plan. Brookfield Renewable, through its Brookfield Glo­bal Transition Fund, will invest up to $1 billion in Avaada Ventures Pri­vate Limited. Global Power Synergy Public Company Limited will invest $68 million in Avaada Energy Private Limited to address debt obligations and facilitate growth