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Plans to invest Rs 3,100 Crore in Solar Generation & Manufacturing
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Establishing a state-of-the-art 1.3 GW integrated solar& cell manufacturing facility
Kolkata : AmpIn Energy Transition, India’s leading renewable energy transition platform, 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 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. The investment reflects AmpIn Energy Transition’s commitment of accelerating the renewable energy transition and adoption of clean energy solutions in the Eastern region.
In the region, the company has the largest solar open access portfolio of ~200 MWp, the largest utility PPA with CESC for a 250 MWp of 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.
Mr. 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 the transition 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 haddynamic 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.
About AmpIn Energy Transition
AmpIn Energy Transition is India’s leading renewable energy transition platform with a total portfolio of ~3GWp spread across 17 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AmpIn is run by an industry leading team of professionals and backed by leading institutional investors from Europe, Asia and North America. AmpInhas a balanced portfolio of renewable energy projects providing C&I and utility customers a complete renewable energy transition solution by providing renewable energy whilereducing the operating costs. It has marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT &Datacentres, Utilities and Government bodies.
