Welspun to invest Rs. 83k Cr in Gujarat

 Welspun Renewables has signed two MoUs for setting up 500 MW wind and 600 MW solar capacities with Gujarat Urja Vikas Nigam (GUVNL).
The company will invest Rs. 8,300 crore to develop over 1 GW capacities in Gujarat. The IPP made these commitments during the Vibrant Gujarat summit.  Vineet Mittal, Vice Chairman, Welspun Renewables said, “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.”  
Welspun Renewables has commissioned 308 MW solar capacities so far. It has been aggressively working to build its wind portfolio. The organisation 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.