Welspun Renewables today announced an investment of Rs. 8,300 crore to set up about 1,000MW solar and wind capacities in Gujarat.
At the Vibrant Gujarat Summit here, Welspun Renewables committed to set up 500MW wind and 600MW solar capacities with Gujarat Urja Vikas Nigam (GUVNL).
"An investment of Rs. 8,300 crore will be poured to develop over 1 GW capacities in Gujarat. The IPP (Independent Power Producer) made these commitments during the first day of the Vibrant Gujarat summit," the company said in a statement.
"Gujarat has always been our natural choice in building projects not just for conducive climatic conditions but because of its investor-friendly environment," Mittal added.
"The organisation envisions developing power projects across the country with existing projects located in other high radiation zones like Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Tamil Nadu and Punjab", the statement added.