Welspun Energy signs up for wind farm in Andhra Pradesh

Welspun Energy Ltd, part of the diversified $3-billion Welspun Group, has inked an agreement with New and Renewable Energy Development Corporation of Andhra Pradesh to install 500 MW of wind energy capacity in the State.

Suzlon Energy and Mytrah Energy have also entered into agreements independently expressing their interest for setting up of wind power projects in the State.

WEL has a portfolio of 500 MW of renewable energy under different stages of development. The company was awarded a 50 MW solar power plant stated to be the single largest location project under the Jawaharlal Nehru National Solar Mission.

As per the MoU signed with the AP’s nodal agency for renewable energy, it is proposed to complete the projects by the end of 2014, entailing an investment of Rs 3,000 crore. The State Government will facilitate necessary permission, approval and clearance for the development of wind turbines.

Mr Vineet Mittal, Managing Director and Co-Founder of Welspun Energy, in a statement said, “Welspun Energy is setting up grid-connected solar energy and wind power projects across India. Short gestation periods for installing wind turbines, and the increasing reliability and performance has made wind power a favoured choice in India.”

AP’s renewable energy corporation has taken up several wind mapping and wind monitoring projects with the support of the Ministry of New and Renewable Energy (MNRE) and C-WET, Chennai, to identify windy sites. The State is looking to boost capacity to bridge the demand-supply mismatch.

According to MNRE‘s report, the installed capacity of Grid Interactive Wind Energy in India by the end of September 2011 was 14,989 MW. The gross potential of wind power in India is estimated at 48,561 MW.