Eco Peeko
17th April 2015, 08:26
Welspun Renewables Energy Limited, a subsidiary of one of the leading Indian solar power developer has signed a deal with German-based iPLON for supply of automation systems for the former’s upcoming portfolio of 550 MW solar PV projects.
The new broke during the Hannover Messe which was partnered with India's Make In India Campaign. This deal is set to enhance the confidence of the big investors — especially DEG, subsidiary of Germany-based KfW, the Asian Development Bank, and GE Energy Financial Services which infused over $100 million in Welspun Renewables Energy last year. Several other big lenders infused millions of dollars into the company to support project development.
The company has successfully commissioned 328 MW of solar PV projects in various states of India on a turn-key basis. Several other solar and wind projects are under construction across 5 states. It also operates 151 MW of solar PV project in Madhya Pradesh, the largest solar power project in India so far.
Needless to say, Prime Minister Modi's tactics to get investors interested in India is definitely showing signs of promise.
The new broke during the Hannover Messe which was partnered with India's Make In India Campaign. This deal is set to enhance the confidence of the big investors — especially DEG, subsidiary of Germany-based KfW, the Asian Development Bank, and GE Energy Financial Services which infused over $100 million in Welspun Renewables Energy last year. Several other big lenders infused millions of dollars into the company to support project development.
The company has successfully commissioned 328 MW of solar PV projects in various states of India on a turn-key basis. Several other solar and wind projects are under construction across 5 states. It also operates 151 MW of solar PV project in Madhya Pradesh, the largest solar power project in India so far.
Needless to say, Prime Minister Modi's tactics to get investors interested in India is definitely showing signs of promise.