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iPLON Enters into Indian PV Market via a 550MW MoU with Welspun Renewables

published: 2015-04-15 14:57

Welspun Renewables and iPLON, a Germany-based firm, has signed a 550 MW MoU to supply, install and commission solar PV power plant automation systems for Independent Power Producer’s (IPP) upcoming projects in India.

The Partnership is an endorsement of the working relations shared by iPLON and Welspun Renewables during the last 2 years. During this period iPLON has dedicatedly worked to support Welspun Renewables in its vision of being the best Solar Project Developer in India. iPLON will offer its power plant automation system, plant analysis tools, telemetry systems and central monitoring systems required by Welspun Renewables to manage their large portfolio of projects. The MoU also marks iPLON’s first investment in India.

Vineet Mittal, Vice Chairman Welspun Renewables commented, “We are taking concrete actions in solving India's energy-related issues – energy security and climate change. By steadily building country’s largest solar capacities we are proving that green energy is doable and can be made affordable through rapid expansion. Towards this goal we have chosen to partner with Tier 1 technology partners, as this helps us in achieving high level quality benchmarks at our project site. Our partnership with iPLON will help us in delivering optimum plant performance day in day out.”

iPLON’s CEO Victor Thamburaj said “Through this venture we are making our first investment in India with our operations spreading across Tamil Nadu, Rajasthan, Punjab, Madhya Pradesh and Gujarat. We are effectively creating employment opportunities and skill sets in the domain of India’s renewable energy. It’s a proud moment for us to be able to contribute to Prime Minister Modi’s ‘Make in India’ campaign.”

The MoU was signed on the sidelines of Hannover Messe, Germany. This year’s Hannover Messe 2015 was jointly inaugurated by Shri Narendra Modi, Hon'ble Prime Minister of India and Dr. Angela Merkel, Hon'ble Chancellor of the Federal Republic of Germany.

Welspun Renewables’ supply agreement follows a recent spate of Power Purchase Agreements that the company has signed with multiple state governments. The company targets commissioning over 1 GW of solar and wind capacity within fiscal 2015. Welspun Renewables is present across nearly all states in India.

(Photo Credit: Welspun Renewables)

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