Welspun Energy

CERC Order Against Avaada Energy in 100MW Project Leaves Key Issues hanging

Last Week, in an order dated January 13th , 2019 the Central Electricity Regulatory Commission (CERC) ruled against Avaada Energy in a petition it had brought against SECI (Solar Energy Corporation of India). The order, while dismissing a plea by Avaada to stay the cancellation of a PSA (Power Sales Agreement) it had with SECI […]

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Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy

Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”).  It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […]

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ABB India, Welspun Energy reach 700MW of installed solar PV in India

Supplier of solar photovoltaic (PV) inverters ABB and developer Welspun Energy today announced that together they have installed about 700 MW of solar photovoltaic projects across several states in India.  It includes a key project of 52 MW on PPP (pubic-private partnership) for Maharashtra State Generation Company at Baramati. “By setting up large scale solar […]

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