The Avaada Group has signed an MoU with REC Limited to finance its energy transition projects in Odisha, with a total agreed amount of Rs 150 billion. The partnership is focused on accelerating the transition to green energy and supporting India’s aspirations to establish itself as a prominent global hub for manufacturing green hydrogen and its derivatives. With the increasing demand for sustainable energy, Odisha has initiated a range of efforts to attract investments in the energy sector, with a focus on accelerated decarbonisation.