One of India's leading renewable energy developers, Welspun Energy Ltd. (WEL) has announced that they have commissioned a 20 MW wind power project in Jaisalmer district, Rajasthan. The Project which was developed within three months, utilizes ten wind turbines and is capable of generating 43.1 GWh per year and is expected to have a capacity utilization factor of 24.2%.
Rajasthan Renewable Energy Corporation Ltd has signed a PPA with Welspun. Welspun said the project was funded through a 75:25 debt-equity ratio. The company also said they have tied-up with leading Wind turbine player & turnkey consultant for the project. The Project is expected to power over 11,616 households in the state.
"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." said Mr. Vineet Mittal, Co-Founder & Managing Director, Welspun Energy Ltd.
With this project Welspun has cemented it's leading position in the state of Rajasthan, which has tremendous renewable energy potential. Including this project Welspun now operates 80 MW capacities of Renewable energy projects in the state. The company is also developing wind projects in Karnataka and Rajasthan.
