Speaking on the occasion Vineet Mittal, Co-Founder & Managing Director Welspun Energy said, "We are committed to 'electricity for everyone' and this need gap can sustainably be closed by increasing investment in renewable energy projects; our pace of growth mirrors this commitment."

"As the leading producers of highly-competitive clean and green power, it is our aim to achieve grid parity within the next few years and establish the value of renewable energy to India's energy security," he said.

This project will help in addressing Karnataka's annual peak deficit of 27.4 per cent and by generating 12.264 million units annually, enough to power 33,600 households and mitigating 11,651 tonnes of carbon emissions annually.

Welspun Energy had recently announced financial closure of its 20 MW Solapur, Maharashtra based solar project with 135 crore being sourced through a consortium of leading financial institutions.

The company has built up more than 300 MW clean energy capacity on-ground, of this 111 MW clean energy projects are operational.