Welspun Energy Marks Entry into Solar Rooftop Business by Commissioning 3 Projects in Record Time

MUMBAI, India - Dec. 2, 2014 - PRLog -- Welspun Energy Pvt. Ltd. (WEPL), India’s leading developer of solar energy projects, has ventured into the solar rooftop segment in a big way. From building large scale ground mounted projects the EPC company has successfully constructed three projects in record time. Through cumulative 795 KW capacity, WEPL is reducing the carbon footprint by helping to generate an estimated 1,174,000 kWh of clean energy annually.

WEPL had brought in its team of expert engineers to design these projects located in Uttar Pradesh and Haryana. Global Tier 1 solar technology has been used in this project for optimum conversion efficiency. The solar projects have been financed through 100% equity infusion, with inflow split in three phase – pre, mid and post construction. The prestigious projects have been set up to meet captive power needs of the Indian Institute of Technology (IIT) Kanpur – 192kWp, Ansal University – 100kWp and Medanta Medicity Hospital – 500kWp.

Solar rooftop is a budding business in India. Increasingly institutions are looking to augment their power needs through clean energy. These projects - IIT Kanpur, Ansal University and Medanta Medicity have set benchmarks amongst educational institutions and hospitals on operating sustainably. Energy generated will help lower their thermal energy consumption, thereby reducing operating expenses.

Mr. Vineet Mittal, Managing Director Welspun Energy Pvt. Ltd. said, “The solar rooftop business presents interesting opportunities of growth and is bound to be the next big thing in the solar energy business. It is also heartening to see that more and more institutions are seriously taking accountability towards the environment by opting for clean energy generation. We are excited to move ahead into this new business model. It is our honor to be able to partner with these prestigious institutes and help them sustainably meet their energy needs. Welspun Energy has achieved a leadership position as a Solar EPC market in India. Like our other projects we have brought our expertise in project development to these as well.”

The 100 kWp Ansal University project, developed by Ansal Colonisers will be helping nearly 2000 users carry out their day to day activities through clean energy. Approximately 1000 faculty members and students at IIT Kanpur, through the 192 kWp plant will be using solar energy to teach and carry out their experiments. The largest among the three projects, The Medanta Medicity project is built over two extended parking lots that can house over 300 cars at a time.

Through its other EPC initiatives, WEPL is developing a mega 50 MW ground mounted solar project for Maharashtra State Power Generation Co. Ltd (Mahagenco) on a public-private partnership (PPP) model.

The company has successfully commissioned 328 MW (DC) capacity of Solar PV projects on a turnkey basis well in advance of stipulated timelines. Currently, mega solar & wind projects are collectively under construction in five states in India. The organization is targeting to develop cumulative 1.75 GW of renewable capacity in next three years.

About Welspun Energy Pvt. Ltd: (www.welspunenergy.com)

Welspun Energy Pvt. Ltd (WEPL) is a leading independent developer of renewable energy projects with a vision of commissioning 1.75 GW of solar & wind projects. The clean energy generator has time & again demonstrated its ability to design, engineer and build renewable projects with high performance outputs and low cost - delivery period. WEPL draws on the know-how of its specialized team of scientists and engineers to design projects by employing cutting edge technologies. It also holds the distinction of winning one of the world’s largest solar project of 151 (DC) MW. Through its strong commitment to triple bottom line, WEPL is working for underserved communities in area of education, empowerment & healthcare. It is presently mitigating over 820,015 tonnes of CO2 emissions annually.

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 Energy Pvt. Ltd. or any of its affiliates. Neither Welspun Energy Pvt. Ltd., 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