Independent renewable energy developer, Welspun, is to develop 32MW of new solar capacity in the Indian state of Punjab.
has won a competitive bid to build 32MW of new PV capacity in by the Punjab Energy Development Agency (PEDA).
The project will be managed by Welspun’s subsidiary Welspun Solar Punjab (WSPPL), which won the contract from the Punjab Energy Development Agency in a competitive bidding process.
The 32MW will be developed as a twin project – one 2MW and another 30MW project.
The project works towards Punjab’s New & Renewable Sources of Energy (NRSE) Policy 2012, which aims for a 10% increase in renewable energy use by 2022. Punjab currently has 9MW of installed solar capacity.
Vineet Mittal, co-founder and managing director of Welspun, said the partnering with the state of Punjab and support shown by the minister of non-conventional energy, Shri Majithia, “affirms that India will soon be a world leader in solar energy diffusion”.
Welspun will sign an agreement with Punjab state power corporation (PSPCL), which will be facilitating WSPPL with approvals, permission, land acquisition, registration and clearances for the project.