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Welspun Renewables, India’s leading renewable energy generator, has received another round of funding of US$617 million through a combination of debt and equity infusion by the promoters, existing and new investors.
Mr. Vineet Mittal, Vice Chairman Welspun Renewables said, “The company’s power plants are among the highest generating projects in the country and have been built ahead of committed timelines – thanks to our superior EPC capabilities.
“Being the leaders in this space, we have been setting benchmarks for the entire industry to follow. These deals continue to prove that renewable energy sector is a preferred investment choice and global players are willing to commit to help grow the industry. Just last year, two of the biggest international names – The Asian Development Bank and General Electric made significant investments in our operations. We are grateful for the support”.
The organization is committed to setting up one GW capacities and of this one GW will be commissioned well within this financial year.
At present the organization’s solar and wind projects are spread across 8 different states in the country.
Till date through its clean energy projects Welspun Renewables has generated over 1.375 billion units of clean energy and mitigated 1.2 million tons of CO2 emissions.
Welspun Renewables is committed to establish 11001 MW of renewable capacities in line with Prime Minister Mr. Narendra Modi’s 175 GW renewable vision. fii-news.com
