Welspun Renewables inks pact with Germany's iPLON

Welspun is working towards green energy goal of 11,001 MW, has set target of commissioning 1 GW of solar and wind capacity this fiscal

Welspun Renewables today said it has signed an agreement with Germany-based iPLON for supplying equipment required for its 550 MW upcoming solar power capacity in India.

Welspun Renewables is working towards achieving its green energy commitment of 11,001 MW. It has set a target of commissioning over 1 GW of solar and wind capacity within this fiscal.

The development comes after this year's Hannover Messe 2015, which was jointly inaugurated by Prime Minister Narendra Modi and German Chancellor Angela Merkel.

"Welspun Renewables 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 company said in a statement.

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.

"Welspun Renewables carries the responsibility of bringing about low-carbon transition in the energy sector. Our partnership with iPLON will help us in delivering optimum plant performance day in and day out," a Welspun Renewables statement quoted its Vice Chairman Vineet Mittal as saying.

"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," iPLON's CEO Victor Thamburaj said in the statement.

The MoU was signed on the sidelines of Hannover Messe, one of the largest engineering exhibitions in the world, held annually in Germany.