Welspun Energy Commissions its 20 MW Wind Project in Rajasthan
Welspun Energy Ltd., India’s leading renewable energy generator has been consistently delivering on its clean energy commitments. WEL has commissioned a 20 MW wind power project in Jaisalmer district, Rajasthan. Developed within three months, the project uses ten wind turbines for generating an average annual net production of 43.1 GWh, with a capacity utilization factor of 24.2%.
Welspun Energy Solar Rajasthan Pvt. Ltd., a fully owned subsidiary of the company had signed a Power Purchase Agreement (PPA) with the Rajasthan Renewable Energy Corporation Ltd. The project has been funded in a 75:25 debt-equity ratio and will mitigate 39946 tones of CO2 emissions annually. The company tied-up with leading Wind turbine player & turnkey consultant for the project.
Speaking on the occasion, Mr. Vineet Mittal, Co-Founder & Managing Director, Welspun Energy Ltd, said, “We are committed to ‘electricity for everyone’ and this need gap can sustainably be closed by increasing investment in renewable energy projects. Welspun Energy is committed to securing the energy future of the country. We are working towards developing additional 1.4GW capacity projects across the nation with wind projects playing a major role in them. Our commitment coupled with increasing reliability and performance of wind turbines is helping us contribute to nation’s energy security agenda.”
Rajasthan has tremendous renewable energy potential. With this project, Welspun Energy has commissioned over 80 MW capacities of clean energy projects in the state. WEL is currently developing twin 100 MW wind projects in Karnataka and Rajasthan. Its prestigious 55 (DC) MW located in Jodhpur district is India’s largest solar project to date and has the distinction of being the fastest executed mega solar project. This is one of the highest generating projects in the country and has touched a DC capacity utilization factor (CUF %) of 26%.
The Indian wind energy sector has an installed capacity of 17,365.03 MW, with India currently being the foremost wind energy markets globally. The state of Rajasthan has tremendous renewable energy potential and through this project Welspun Energy is expecting to power over 11,616 households.
Welspun Energy is highly focused on engineering both Brownfield (Turn Key) and Greenfield wind projects with the ability to modify and update the old projects if required. Apart from setting up new projects, Welspun energy is also looking to acquiring two to three year old operational wind projects and repowering of old but good wind regime sites.
WEL’s power projects aims to contribute to the nation’s energy security agenda. The organization envisions developing wind power projects pan India, with Gujarat, Andhra Pradesh and Karnataka being major states of focus.