Welspun Renewables Breaks Ground by Commissioning Punjab's Largest Solar Project

IPP commissions its 1st project in the state, cements Punjab's commitment to green energy - 34 MW (DC) Project to address state's energy deficit by supplying 48 million units of clean energy annually - Commissioned within committed timelines, in five short months - In the next 25 years the solar project will have mitigated 1,331,525 tones of CO2 emissions

Mumbai, Maharashtra, August 3, 2015 /India PRwire/ -- Welspun Renewables, India's largest solar energy generator has set up its first solar power project - the Bhatinda 34 MW (DC), in Punjab. This is the largest commissioned solar capacity to come up in the state. Like all its projects before, Welspun Renewables has developed it ahead of committed deadlines, in 5 short months. It will annually be feeding 48 million units of clean & emission free energy into the Punjab state grid, for next 25 years.

Spread across 140 acres in state's Bhatinda district, in the next 25 years the project will have mitigated 1,331,525 tones of CO2 emissions. The company is among the first few to set up a project in Punjab.

Speaking on the occasion Mr. Vineet Mittal, Vice Chairman Welspun Renewables said "More than ever we need to exponentially build up the country's renewable energy quotient Development is a necessity and to make it sustainable it has to be driven by clean emission free energy. Developed well within committed timelines, our projects are benchmarks in project management and optimal plant performance. Our 34 MW (DC) solar power plant is our first step in the state in this direction. While powering the state's industries, we will also be working with our neighboring communities towards sustainable living."

In response to Punjab state's growing energy demands, a cumulative 4200 MW solar target has been announced for the state by Shri Bikram Singh Majithia, Honorable Cabinet Minister of Revenue, Rehabilitation and Disaster Management; Information & Public Relations and Non Conventional Energy.

In the Punjab capacity auction, bidders in the selection process were evaluated on their technological competence and Welspun Renewables' subsidiary Welspun Solar Punjab Pvt. Ltd. (WSPPL) was among the leading two organizations which had won the highest capacities through a single stage competitive bidding in the state.

Welspun Renewables is working aggressively to bring a difference to the country's energy landscape. In line with Honorable Prime Minister Mr. Narendra Modi's 175 GW renewable vision, we are committed to establishing 11001 MW of renewable capacities across the country. Towards this goal, in next few years we will be setting up 5 GW capacities, and of this 1 GW will be commissioned well within 2015-16. The company hopes to work closely with the Government of Punjab for becoming 'energy secure'. The organization had also signed an MoU for setting up an additional 151 MW solar capacity.

Notes to Editor

About Welspun Renewables: (www.welspunrenewables.com)

Welspun Renewables is a leading independent developer of renewable energy projects. In line with Honorable Prime Minister Mr. Narendra Modi's 175 GW renewable vision, we are committed to establishing 11001 MW of renewable capacities across the country. 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 mitigated approximately 1111542 million tons of CO2 emissions till date.

Disclaimer:

The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Welspun Renewables or any of its affiliates. Neither Welspun Renewables, nor their or their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.

Journalists and Bloggers
Visit India PRwire for Journalists for releases, photos, email alerts and customized feeds just for Media.

If you have any query regarding information in the press releases, please contact the company listed in the press release itself. Please do not call India PRwire, we will be unable to assist you with your inquiry.


Welspun Energy recent press release(s)


Welspun Renewables Aids Marginalized Communities during Ongoing Extreme Cold Wave, Distributes Blankets across the country

Welspun Renewables distributes over 5000 blankets as Humanitarian Aid

Welspun Energy Awarded 32 MW Solar Project, Helps Punjab Move towards Zero Emission Energy

Welspun Energy Ltd. (WEL) has been awarded 32 MW solar capacities by the Punjab Energy Development Agency (PEDA) through a single stage competitive bidding. Annually IPP will supply 56 million units of clean & efficient energy for next 25 years. 53261 tones of carbon emissions will be mitigated by Welspun Energy's solar power project.

Welspun pledges INR 1 crore for Uttarakhand Relief Efforts to PM's Relief Fund

Welspun Group has contributed towards relief work in Uttarakhand by donating INR 1 crore to the Prime Minister's Relief Fund.

Welspun Energy's Solar Project Completes INR 65crore Financial Closure

Financial institution commits to INR 48.75 crore debt component - Of 7 MW capacity, 1 MW will be implemented with tracker technology - 11651 tones of carbon emissions will be mitigated by WEL's Karnataka project

Welspun Energy Successfully Ties-up Funds for Maharashtra 20 MW Solar Project

INR 135 crore line of credit sanctioned by consortium of financial institutions for Welspun Energy's 20 MW solar power project. INR 180.35 crore project cost sourced through 75:25 debt equity ratio. Welspun Energy helps make Mumbai a greener city, annually 33,288 tonnes of carbon emission will be mitigated. Annually IPP will supply 28 million units of clean & efficient ene...