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Welspun Renewables signs 550 MW MoU with iPLON

Deal marks iPLON's first investment in India's renewable energy sector.

Welspun Renewables and iPLON earlier this week announced the signing of a memorandum of understanding (MoU) in support of the development of solar plants totaling 550 MW. Under the terms of the agreement, Welspun, an independent power producer, has chosen iPLON GmbH, a firm based in Schwaebisch Hall Germany, to supply, install and commission solar PV power plant automation systems for its upcoming projects in India.

The Partnership is an endorsement of the working relations shared by iPLON and Welspun Renewables during the last two years, the parties said. During this period, iPLON has worked to support Welspun Renewables in its aggressive development of solar projects in India. Specifically, iPLON will offer its power plant automation system, plant analysis tools, telemetry systems and central monitoring systems required by Welspun Renewables to manage their large portfolio of projects.

 The agreement was announced during Hannover Messe, one of the largest engineering exhibitions held annually in Germany.
“We are taking concrete actions in solving India's energy-related issues – energy security and climate change,” said Vineet Mittal, vice chairman of Welspun Renewables. “By steadily building the country’s largest solar capacities, we are proving that green energy is doable and can be made affordable through rapid expansion. Our partnership with iPLON will help us in delivering optimum plant performance day in day out.”
Victor Thamburaj, iPLON’s CEO, welcomed the opportunity to work more closely with Welspun Renewables in expanding India’s clean energy security agenda. “Through this venture we are making our first investment in India with our operations spreading across Tamil Nadu, Rajasthan, Punjab, Madhya Pradesh and Gujarat,” he explained. “We are effectively creating employment opportunities and skill sets in the domain of India’s renewable energy. It’s a proud moment for us to be able to contribute to Prime Minister Modi’s ‘Make in India’ campaign.”
Welspun Renewables’ new supply agreement with iPLON follows a recent spate of power purchase agreements that the company has signed with multiple state governments. Welspun Renewables — which is present across nearly all states — is planning on commissioning more than 1 GW of solar and wind capacity within fiscal 2015.

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Energy efficiency  •  Energy infrastructure  •  Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity