Categories: News

BEST will procure green power from solar PV project being developed by Welspun Energy

Brihan Mumbai Electric Supply and Transport Undertaking (BEST) will procure 28 million units of electricity annually from solar PV project being developed by Welspun Energy. As per the news, Welspun Energy has achieved financial closure for its 20 MW solar PV project. The upcoming solar power plant will be commissioned in Solapur district in Maharashtra.

The solar project has secured 180 crores through debt: equity model. Total of 135 Crores will be provided by leading financial institution (name is undisclosed at this time). Welspun Energy Maharashtra Pvt Ltd- a subsidiary of Welspun Energy Limited will commission this project activity.

BEST undertaking is a public transport service and electricity provider based in Mumbai, India. BEST is sourcing green electricity to fulfill its Renewable Purchase Obligations (RPO), a mandatory obligation for electricity distribution companies to purchase a certain percentage of power from renewable energy sources. Obligated entities in Maharashtra have 9% of RPO applicable for year 2013-14.

RPO is being implemented by Central Electricity Regulatory Commission and State Electricity Regulatory Commission under Electricity Act 2003 and the National Electricity Policy 2005. RPO promotes renewable energy installation in the country. In addition, National Action Plan on Climate Change (NAPCC) suggests increasing the share of renewable energy in the total energy mix up to 15% by 2020.

Welspun has commissioned 30 MW of solar projects in Gujarat, Andhra Pradesh and Rajasthan and over 250 MW of power projects are also being developed.



Image credit: JUWI Group, available on Wikipedia


Shailesh is post graduate in Environment Management from Forest Research Institute (FRI) University, Dehradun, India. Presently he is working in the areas of Environmental and Renewable Energy Advisory Services. He has started during his college days.

Disqus Comments Loading...
Published by

Recent Posts

Are Orange Peels the Key to Recycling Lithium-Ion Batteries?

While orange peels and lithium-ion batteries may seem like a farfetched combination, it's important to keep an open mind. Read More

2 days ago

A Brief History of Flu: The Most Dangerous Silent Killing Disease of All Time

With the world fighting coronavirus and its associated strains, what has yet again hogged the limelight is that most virus… Read More

2 days ago

August 2020: Monthly Environmental News Roundup

1. Is there life floating in the clouds of Venus? The theory that living creatures float in earth Venus clouds… Read More

3 days ago

Here’s all you needed to know about vermicomposting

You might have heard many people saying that you are what you eat, which is true to a great extent.… Read More

1 week ago

EMO Bikes to launch new electric bikes

As the world gets more concerned about the impact of transport on the environment, more and more companies are coming… Read More

1 week ago

EPI 2020 Reveals India Is Yet To Achieve Sustainability

Out of 180 countries, India ranked 168th in the 2020 Environmental Performance Index (EPI). It maintained that India’s decarbonization agenda… Read More

2 weeks ago