April 14, 2015: Welspun Renewables, India’s leading clean energy generator, has signed a Power Purchase Agreement (PPA) for setting up 100.1MW solar PV project in Andhra Pradesh. Vineet Mittal, Vice Chairman, Welspun Renewables made this commitment during World Economic Forum’s (WEF) ‘AP Investment Session’ in the presence of Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu. Cumulative investment of INR 700 crores would be made to commission this project.
Vineet Mittal, Vice Chairman Welspun Renewables said, “We are quite keen to support Chief Minister’s endeavor in creating an empowered state. Listening to his speech here at Davos was truly inspiring. We want to extend our green footprint in Andhra Pradesh by setting up a mega solar capacity. Welspun Renewables will be bringing its world-class engineering and project development expertise to this project. Like all our projects we aim to commission the 100.1MW capacity well in time to meet the committed timelines.”
Welspun Renewables has commissioned over 366MW solar and wind power projects and another 978MW capacities are under construction. The organization envisions developing power projects pan India, with existing projects located in other high radiation zones like Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu and Punjab.
About Welspun Renewables: (www.welspunrenewables.com)
Welspun Renewables is a leading independent developer of renewable energy projects. Within a short span, the clean energy generator has pioneered solar power solutions, both in terms of plant size and total installed capacity. Its power plants are among the highest generating projects in the country and have been built ahead of committed timelines, thereby helping the country meet its renewable energy targets. Welspun Renewables holds the distinction of winning and operating one of the world’s largest solar projects of 151 MW (DC). Through its strong commitment to triple bottom line, Welspun Renewables is working for underserved communities in area of education, empowerment & healthcare. Through its projects Welspun Renewables has mitigating over 766,247tons of CO2 emissions annually till date.