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Welspun Renewables Commits Over 1GW Renewable Capacity at Vibrant Gujarat

published: 2015-01-14 12:03

Welspun Renewables, India’s clean energy generator, has signed two Memorandum of Understandings (MoUs) - 500 MW Wind & 600 MW Solar capacities with Gujarat Urja Vikas Nigam (GUVNL). INR 8300 crore investment will be poured to develop over 1 GW capacities in the state of Gujarat. The IPP made these commitments during the first day of the Vibrant Gujarat summit.

Mr. Vineet Mittal, Vice Chairman Welspun Renewables said, “We are deeply honored to the state of Gujarat for once again placing their trust in us. Welspun Renewables started its journey with Gujarat by commissioning its first clean energy project in Anjar. Gujarat has always been our natural choice in building projects not just for conducive climatic conditions but because of its investor friendly environment.”

In line with Honorable Prime Minister Narendra Modi’s vision the state is the energy Hub of the country. Honorable Chief Minister Smt. Anandiben Patel has recently been encouraging both national and global investors to invest in the state.

Welspun Renewables has commissioned mega solar capacities so far and is aggressively working to build its wind portfolio. The organization envisions developing power projects pan India, with existing projects located in other high radiation zones like Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Tamil Nadu and Punjab.

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