Welspun Renewables Signs 550 MW MoU with iPLON at Hannover Messe, Germany
The MoU is in line with Prime Minister Modi’s vision of ‘Make in India’
- Through Welspun Renewables’ initiative German Major iPLON makes its 1st investment in India
- Welspun Renewables a leading generator of solar energy in India, aggressively working towards achieving its green energy commitment of 11,001MW, selects Tier 1 global supplier in line with its stringent quality benchmarks
- iPLON global leader in Solar PV monitoring systems and Total Life Cycle Management, enters Indian market
Germany and Mumbai-14th April, 2015 – Welspun Renewables and iPLON today announced the signing of a 550 MW MoU. The Independent Power Producer (IPP) has chosen iPLON GmbH, a firm based in Schwaebisch Hall Germany, for supply, installation and commissioning of 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 2 years, During this period iPLON has dedicatedly worked to support Welspun Renewables in its vision of being the best Solar Project Developer in India. 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.
Vineet Mittal, Vice Chairman Welspun Renewables commented, “Welspun Renewables carries the responsibility of bringing about low-carbon transition in the energy sector. We are taking concrete actions in solving India’s energy-related issues – energy security and climate change. By steadily building country’s largest solar capacities we are proving that green energy is doable and can be made affordable through rapid expansion. Towards this goal we have chosen to partner with Tier 1 technology partners, as this helps us in achieving high level quality benchmarks at our project site. Our partnership with iPLON will help us in delivering optimum plant performance day in day out.”
iPLON’s CEO Victor Thamburaj said “It is a pleasure to work 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. 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.”
The MoU was signed on the sidelines of Hannover Messe, one of the largest engineering exhibitions held annually in Germany. This year’s Hannover Messe 2015 was jointly inaugurated by Shri Narendra Modi, Hon’ble Prime Minister of India and Dr. Angela Merkel, Hon’ble Chancellor of the Federal Republic of Germany.
Welspun Renewables’ supply agreement follows a recent spate of Power Purchase Agreements that the company has signed with multiple state governments. The company targets commissioning over 1 GW of solar and wind capacity within fiscal 2015. Welspun Renewables is present across nearly all states in India.
About Welspun Renewables: (www.welspunrenewables.com)
Welspun Renewables is a leading independent developer of renewable energy projects. Within a short span, the clean energy generator has pioneered solar power solutions, both in terms of plant size and total installed capacity. Its power plants are among the highest generating projects in the country and have been built ahead of committed timelines, thereby helping the country meet its renewable energy targets. Welspun Renewables holds the distinction of winning and operating one of the world’s largest solar projects of 151 MW (DC). Through its strong commitment to triple bottom line, Welspun Renewables is working for underserved communities in area of education, empowerment & healthcare. Through its projects Welspun Renewables has mitigated approximately 9 million tons of CO2 emissions annually till date.
About IPLON GmbH
iPLON GmbH is an international leader in the area of Solar PV monitoring systems and Total Life-cycle Management. iPLON has installed PV monitoring systems in more than 1GW projects in Germany, Italy and India.In 2013, iPLON expanded its operations to India where there is a significant growth of solar PV Plants with the Government of India setting ambitious targets for the country. In a short time, the company has established its strong presence in the country and has started offices in Madhya Pradesh, Punjab, Rajasthan, Gujarat, Maharashtra and Tamil Nadu. iPLON is following the Indian Prime Minister’s vision of ‘Make in India’ by starting production and doing research and development in India.
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Welspun Renewables or any of its affiliates. Neither Welspun Renewables nor their or their affiliates’ officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.
For further information, please contact:
Amrita Pai Surbhee Jain
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