GE Energy to invest $24 mn in Welspun's solar power project.

GE Energy Financial Services announced a partnership with Welspun Renewables Energy for funding the latter's 151 MW solar photovoltaic power project in India.

'GE Energy Financial Services is making its investment in a solar power project in India, funding $24 million for a 151 MW solar photovoltaic power project at Neemuch in Madhya Pradesh,' an official statement said.

The 151 MW project was put into operation in August 2013 by Welspun Renewables Energy.

The Neemuch project powers 6.24 lakh homes and mitigates an estimated 2.16 lakh tonnes of carbon emissions annually.

Power from the project is sold to the Madhya Pradesh state utility, the statement said.

HBL