Welspun Energy Ltd. (WEL), has successfully achieved financial closure of its upcoming 20 MW solar project in Maharashtra. Leading financial institutions have committed to a long term project funding of Rs. 135 crore, with Debt & Equity elements sourced in a ratio of 75:25.
Welspun Energy Ltd. (WEL), through its step down subsidiary Welspun Energy Maharashtra Pvt. Ltd (WEMPL) is setting up this project in Solapur. WEL had signed an MoU with Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supplying green energy to Mumbai city. With its commissioning, 28 million units of clean & efficient solar energy will be supplied to BEST annually.