New Delhi: Renewable energy major Welspun has ventured into the solar rooftop segment by commissioning three projects.
"From building large-scale ground mounted projects, the company has (forayed into rooftop solar segment) with the construction of three projects," Welspun Energy Private Ltd (WEPL) said in a statement.
Through cumulative 795 kilowatt capacity, WEPL is reducing the carbon footprint by helping to generate an estimated 11 lakh units of clean energy annually, the statement said.
The solar projects have been financed through 100 per cent equity infusion, with inflow split in three phase — pre, mid and post construction.
The projects have been set up to meet captive power needs of the Indian Institute of Technology (IIT) Kanpur, Ansal University and Medanta Medicity Hospital.
Energy generated will help lower their thermal energy consumption, thereby reducing operating expenses, the statement added.
"The solar rooftop business presents interesting opportunities of growth and is bound to be the next big thing in the solar energy business," said Vineet Mittal, managing director, Welspun Energy.
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