AmpIn Energy Transition plans to invest Rs 3,100 Crore in Solar Generation & Manufacturing and establishing a state-of-the-art 1.3 GW integrated solar& cell manufacturing facility
AmpIn Energy Transition is set to make a significant impact on India’s power landscape in the Eastern region with a ground-breaking investment of INR 3,100 crores.
The investments of AmpIn Energy Transition are for setting up renewable energy projects of about ~600 MW+ and an integrated manufacturing facility of solar cells & modules. Significant investments are planned in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh & Northeastern States.
In the region, AmpIn Energy Transition has the largest solar open access portfolio of ~200 MWp, the largest utility PPA with CESC for a 250 MWpof wind solar hybrid project and the largest Behind the Meter industrial solar project of 10.5 MW for an industrial customer. With its diversified portfolio of assets, AmpIn is helping customers save about 25% – 40% on their energy costs & also helps mitigate their carbon footprint substantially. The company is serving marquee customers in the region across diverse sectors such as Cement & Steel, IT & Data Centre, Heavy engineering, FMCG, Utility etc through its projects.
Pinaki Bhattacharyya, MD and CEO, AmpIn Energy Transition, expressed “Time has come for the Eastern region which is the home of coal to embrace renewable energy. Our investment in the region marks a significant milestone in our mission to drive thetransition to renewables in the region. AmpIn can partner with any customer to help them achieve 100%RE and we believe that with the right policy intervention like Green Energy Open Access, the shift to renewables is unstoppable. Also, the integrated solar cell & module manufacturing capacity that we are establishing in the region, would strengthen the push to renewables.Collaboration between industry, solution providers, the financial sector, and government at both central and state levels is also crucial for a successful transition.The 4 wheels that must be synchronised for Energy Transition: financial markets, industry that decarbonises and saves energy costs, energy transitioners that create solutions for renewable energy transition, and government that sets the right policies to support the transition for the Eastern region.”
AmpIn is also establishing a state-of-the-art 1.3 GW solar manufacturing facility in the Odisha. This facility is poised to play a pivotal role in advancing the country’s solar energy ambitions and self-sufficiency. The strategic location in the eastern region for solar manufacturing underscores AmpIn Energy Transition’s commitment to contributing to the economic growth of the region. The 1.3 GW solar manufacturing unit is expected to create job opportunities, stimulate economic development, and position the eastern region as a key player in the renewable energy sector.
Ampln on Thursday also conducted a seminar on Renewable Energy Transition for Commercial and Industrial Consumers in Kolkata in partnership with industry association FICCI which had dynamic panel discussions among energy leaders from the government and industry, financiers, and other stakeholders, discussing the Roadmap to achieve 100% RE for Corporates & Industrial consumers in East India.
For Further Info: https://ampin.energy/