Welspun Receives $617 Million In Funding For Renewables Projects


India-based solar and wind energy developer Welspun Renewables has received a $617 million round of U.S. funding.

The investment has been through a combination of debt and equity infusion by new and existing investors, including General Electric.

The funding includes $405 million of debt, $165 million in equity and $47 million in line of credit financing.

‘These deals continue to prove that the renewable energy sector is a preferred investment choice, and global players are willing to commit to help grow the industry,’ says Vineet Mittal, vice chairman of Welspun Renewables.

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