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Veer Energy to invest Rs 300 crore for solar energy projects in Gujarat

16 Nov 2012 Evaluate

Veer Energy and Infrastructure, a Mumbai-based wind power developer has decided to spend Rs 300 crore into solar energy projects in Gujarat. The company has purchased 200 acres at Shivlakha village of Kutch, Gujarat, to set up 25 MW solar energy project, which is about 1.5 km away from its sub-station at Chandrodi village.

The company has inked pact with Astom AG Swiss, an expert in solar energy technologies. It also plans to set up a rooftop solar project in the Sanand district of Gujarat. The company will install 400 thin-film panels of 58.5 watts each for a rooftop project in joint venture with US-based New Millennium Solar Equipment Corporation. The unit has already imported thin film panels from NMSEC for the project.

Peers
Company Name CMP
NTPC 326.20
Tata Power 366.80
Adani Power 203.00
Power Grid Corpn. 269.25
Adani Energy Solut. 1339.40
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