Welspun New Energy to invest Rs 13.5k cr in clean energy projects in Odisha

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Welspun New Energy to invest Rs 13.5k cr in clean energy projects in Odisha - Business Standard

Quick Summary:

Under this agreement, Welspun New Energy has committed investments worth Rs 13,500 crore to develop a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project in Odisha, its parent firm Welspun World said in the statement.

Welspun New Energy has signed a pact with the Odisha government to invest Rs 13,500 crore for the development of two clean energy projects in the state, a statement said on Tuesday.

These projects are expected to enhance the state's energy storage capacity, support the integration of renewable energy into the grid, and contribute to India's overall target of achieving 500 GW of renewable energy capacity by 2030, it added.