Welspun Energy

Welspun Energy Ltd.
Public company
Headquarters New Delhi, India [1]
Key people
 Vineet Mittal, Managing Director[2]
B.K. Goenka, Chairman
Products Electric power
Parent Welspun Group
Website www.welspunenergy.com

Welspun Energy Ltd (WEL) is an independent power company based in New Delhi, India. It is a subsidiary of Welspun Group. WEL is the biggest developer of solar projects in India.[3]

The company is aiming to commission 1,700 MW of solar and wind power projects across India by 2016.[4][5][6] Towards this goal, the company plans to commission 1 GW renewable capacities within 2015-16.[7] Welspun Energy has also plans to participate in government's program of setting up 4000 MW solar ultra mega power projects.[8] WEL's solar projects are situated in high radiation sites in states like Rajasthan and Gujarat.

In March 2013, the company commissioned the 50-MW Phalodi solar plant, which that time was the largest solar plant in India.[9] In December 2013 the company commissioned an 8-MW solar project in Karnataka.[6] In February 2014, it inaugurated the 151-MW Neemuch solar project in Madhya Pradesh, which is the India's largest and among the world largest solar-power plants.[10][11][12] In April 2014, GE Energy Financial Services invested US$24 million in this project. This was also GE's first investment into a renewable energy project in India.[13] [14] In May 2014, the company commissioned a 19 MW solar power project in Chitradurga district of Karnataka.[15][16][17] Together with the Maharashtra State Power Generation Company WEL has developed a 50 MW solar power plant at Baramati in Pune district.[18] In August 2015, the company commissioned a 34-MW solar project in Bhatinda district of Punjab.[19] The company aims to develop a total of 550  MW solar capacities in Karnataka, 100 MW in Andhra Pradesh, and 150 MW in Punjab.[20][21]

Welspun Energy aims to develop 1,000 MW of wind power projects by 2014.[22] Gujarat, Andhra Pradesh and Karnataka are focus states for the company's wind projects. In Karnataka Welspun has signed agreements for developing two wind projects of 750 MW and 100 MW.[23] In Rajasthan the company aims to develop a capacity of over 300 MW. A memorandum of understanding is signed with the Government of Andhra Pradesh to develop 500 MW wind capacity.[24]

In June 2014, Asian Development Bank made a US$50 million equity investment into Welspun Renewables, the largest direct equity investment in the renewable energy sector by ADB. [25][26][27]

Welspun Renewables is registered with United Nations Framework Convention on Climate Change (UNFCCC) under the Clean Development Mechanism program of activities (CDMPoA).[28][29] Through its wind and solar power capacities, the solar and wind energy projects of WEL have generated 1.1 billion units of renewable energy till date and have mitigated over 1 million tons of carbon emissions.[30]

Awards & Recognitions

Year Awards & Recognition Bestowed By
2014 Innovation Award IPPAI Power Award
2014 Solar Man of The Year The Economic Times
2014 Golden Peacock Innovative Service Award 2014 Golden Peacock Awards Secretariat
2013 Recognition of Commendable Contribution to CSR Activities ASSOCHAM India
2013 Appreciation for commissioning 5 MW Solar Power PV Project Ministry of New & Renewable Energy, Govt. of India
2013 Best Solar Power Producer IPPAI Power Awards
2012 Welspun Renewables Energy Pvt. Ltd. wins award at the prestigious 'Asian Power Awards" Asian Power Awards 2012
2012 Outstanding contribution as a Solar Power Project Developer Energy & Petrochemicals Department, Govt. of Gujarat
2012 Excellence Award for Corporate Social Responsibility Amity Corporate Excellence Award
2012 Awarded for Outstanding Contribution as a Solar Power Project Developer Energy & Petrochemicals Department, Government of Gujarat
2012 Awarded ‘Solar Power Project of the Year’ at Asian Awards, Bangkok for 15 MW solar power project at Anjar,Gujrat Asian Power magazine
2012 Co founder Vineet Mittal awarded’ EQ Solar Power Man of the Year Award' EQ International Magazine
2008 Earth Care Awards Awarded by Times of India and Jindal Steel Ltd.
2008 Social Corporate Governance Award Top 38 Corporate Houses in India
2007 Sustainability Award Wal Mart Stores Inc.

References

  1. ↑ "Welcome to Welspun Energy Limited". Welspunenergy.com. Retrieved 12 January 2011.
  2. ↑ "MOU Signed by Indian State and Welspun Energy for Power Project". Azocleantech.com. 12 January 2013. Retrieved 12 January 2011.
  3. ↑ "Welspun Energy's plan gets registered with United Nations". The Economic Times. 31 July 2013. Retrieved 13 August 2013.
  4. ↑ "Welspun Energy to invest $1 billion in wind energy projects". The Times of India. 13 June 2012. Retrieved 13 August 2013.
  5. ↑ "Welspun Energy to set up solar parks". Business Standard. 11 July 2013. Retrieved 13 August 2013.
  6. 1 2 "Welspun Energy commissions its first solar power project in Karnataka". Economic Times. 19 December 2013. Retrieved 30 April 2014.
  7. ↑ "Our Story". welspunrenewables.com. Retrieved 2015-09-08.
  8. ↑ "Welspun Energy keen on bidding for solar UMPPs". Economic Times. 16 February 2014. Retrieved 30 April 2014.
  9. ↑ "Welspun Energy commissions largest solar project". Business Standard. 12 March 2013. Retrieved 13 August 2013.
  10. ↑ "Narendra Modi, Shivraj Singh Chouhan inaugurate solar power projects in MP". India Infoline News Service. 26 February 2014. Retrieved 30 April 2014.
  11. ↑ "GE Invests $24 Million in Welspun’s India Solar Plant". Bloomberg. 25 April 2014. Retrieved 30 April 2014.
  12. ↑ "India's largest solar power plant planned in Madhya Pradesh". DNA (Daily News & Analysis). 5 September 2014.
  13. ↑ Sanjai, P. R. "Companies". http://www.livemint.com/. Retrieved 2015-09-08. External link in |website= (help)
  14. ↑ Pearson, Natalie Obiko. "GE Invests $24 Million in Welspun’s India Solar Plant". Bloomberg.com. Retrieved 2015-09-08.
  15. ↑ "Welspun Renewables announces commissions of 19 MW solar plant in Karnataka". Retrieved 2015-09-08.
  16. ↑ "Power Today Magazine | Welspun commissions solar plant in Karnataka". www.powertoday.in. Retrieved 2015-09-08.
  17. ↑ "Welspun Renewables Announces Commissions Of 19 MW Solar Plant In Karnataka". Retrieved 2015-09-08.
  18. ↑ "Mahagenco ties up with Welspun Energy to set up solar plant at Baramati". Mint. 4 March 2014. Retrieved 30 April 2014.
  19. ↑ "Welspun Renewables commissions 34 MW solar project in Punjab". Retrieved 2015-09-08.
  20. ↑ "Welspun Energy mulls setting up Rs.200 crore solar plant in Assam". The Hindu. 12 September 2013. Retrieved 30 April 2014.
  21. ↑ "Welspun to invest Rs 1,350 cr to set solar power project in Punjab". Economic Times. 8 January 2014. Retrieved 30 April 2014.
  22. ↑ "Welspun Energy to invest Rs 15,000 crore in renewable projects". The Economic Times. 19 February 2011. Retrieved 13 August 2013.
  23. ↑ Bakewell, Sally (13 June 2012). "Welspun Energy to Invest $1 Billion in Two Wind Farms in India". Bloomberg. Retrieved 13 August 2013.
  24. ↑ V. Rishi Kumar (29 January 2012). "Welspun Energy plans 500 MW wind energy farms in AP". The Hindu Business Line. Retrieved 13 August 2013.
  25. ↑ Pearson, Natalie Obiko. "Companies". http://www.livemint.com/. Retrieved 2015-09-08. External link in |website= (help)
  26. ↑ "Asian Development Bank invests equity capital in Welspun Energy group company". Retrieved 2015-09-08.
  27. ↑ "Asian Development Bank Invests $50 Million In Indian Renewable Energy Company". CleanTechnica. Retrieved 2015-09-08.
  28. ↑ "Welspun registers India's first dual scale renewable energy program under UNFCCC - The Times of India". Retrieved 2015-09-08.
  29. ↑ "http://www.powertoday.in/News.aspx?nId=X0fN3JnuG40arNXj7vqDtQ==". Retrieved 2015-09-08. External link in |title= (help)
  30. ↑ "Our Story". welspunrenewables.com. Retrieved 2015-09-08.

External links

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