Welspun Renewables has developed some of the world´s largest and highly efficient grid-connected solar and wind power plants. They take pride in their team´s ability to work relentlessly on projects in a time-bound and cost-effective manner. With a 494 MW capacity, it holds one of the largest renewable energy portfolios in India. Towards this goal, Welspun will be setting up 5 GW capacity in the next few years, of which 1 GW will be commissioned well within this financial year.
Key success factors:
Project in Madhya Pradesh
The 151 MW (DC) solar plant at Neemuch is one of the largest solar projects in the world. Its project funding of Rs 880 crore was secured through a consortium of leading financial institutions.
The entire solar project was commissioned eight months ahead of schedule. Welspun Solar Madhya Pradesh Private Limited (WSMPPL) had won the project in May 2012, against 12 qualified bidders.
55 MW (DC) Phalodi Solar Project, Rajasthan The 55 MW (DC) Phalodi project is among Asia´s largest solar projects by a private developer. Located in Jodhpur district, this project also holds the record of being commissioned ahead planned schedule, in a record time of five months. It has one of the highest Plant Load Factor generating plants of the country. It touched 26 per cent DC PLF, a figure much higher than those of its neighbouring plants.
19 MW (DC) Chitradurga Solar Project, Karnataka
The 19 MW (DC) power plant was developed under the Karnataka Solar Policy 2011-16. The project commenced commercial operations before committing deadlines. Part 8.02 MW (DC) was commissioned two months before the time-line. While the balance 11 MW (DC) capacity was commissioned in less than three months, translating to about 10 months ahead of schedule.
34 MW Punjab Solar Project, Punjab
Welspun Renewables´s subsidiary Welspun Solar Punjab Pvt. Ltd. (WSPPL) emerged amongst the leading organizations which has won the highest capacities. Presently, Punjab state has an installed solar capacity of 10.5 MW. Commissioning of the 34 MW (DC) project will annually feed 48 million units of clean emission free energy into the state grid, for the subsequent 25 years.
330 MW (DC) Trichy Solar Project, Tamil Nadu
The state has been reeling under extended power cuts, including 2-hour cuts in Chennai, with a power deficit to the tune of 4,000 MW/day. With the commissioning of the 330 MW (DC) project, Welspun Renewables will be annually feeding 664.8 million units of clean emission free energy to the state grid and 614353 tonnes of CO2 emissions will be mitigated.
52 MW (DC) Baramati Solar Project, Maharashtra
The 52 MW (DC) solar project in Maharashtra´s Baramati district has been set up under PPP with Maharashtra State Power Generation Co. Ltd. (Mahagenco). This is the largest solar project constructed in the state under this model. Then Deputy Chief Minister of Maharashtra Ajit Pawar had laid the foundation stone for this project in 2014.
The company has constantly endeavoured to ensure it has cost leadership within the solar energy business. Its expertise in building robust in-house design, and engineering and procurement capabilities, enables the company to be one of the lowest cost generators. With in-house solar EPC capability, WREL also has cost control advantages.
nü¼ Stable cash flows
Welspun´s leadership in the export business, as well as the strong cash flows from the $3.5 billion parent company has ensured that the Energy Division gets funding even with low generation capacities. The Asian Development Bank (ADB) has invested part of a $50 million commitment of equity capital into the company. This deal will help them demonstrate that profitable investments are achievable in the renewable energy space and will help catalyse more private sector investments. Close on the heels of the recent $24 million General Electric investment in its Neemuch project, this is yet another positive milestone for the organisation and a boost to the sector at large.
- Cumulatively generating 12,61,713 MWh of clean energy since commissioning.
- Mitigating 1,111,542 tonnes of CO2 emissions.
- Plan to set up total RE capacity of 11,001 MW in India.
- Has 328 MW (DC) operational RE capacity, across 8 states.
- Current operational renewable energy capacity is ~545 MW.
||Welspun Renewables |
||Privately Owned Enterprise |
||New Delhi, India |
||Solar PV, Solar Power Plants, Wind Farms |