Welspun Energy plans to expand its solar and wind energy generation capacity by announcing fresh investment. Company has signed agreements with the Gujarat Government for development of 500 MW and 600 MW of wind and solar energy i.e. total of 1.1 GW of renewable energy.
Recently concluded Vibrant Gujarat investor summit saw Suzlon Energy announcing about $3.7 billion investment in both solar and wind energy capacity. SunEdison also announcing about $4 billion investment, in solar photovoltaic module manufacturing unit in collaboration with an Indian company.