AmpIn Energy Transition, formerly Amp Energy India and a leading private-sector power producer in India, has announced its plans to invest INR 3,100 crore in solar energy generation and manufacturing in Eastern India. The investments are for setting up renewable energy projects of about 600 MW+ across different states in the region and an integrated 1.3 GW solar cells and modules manufacturing facility in Odisha.
Last month, AmpIn Energy Transition had announced a partnership with Jupiter International Ltd to set up the 1.3 GW per annum solar cell and module manufacturing facility under the government’s production-linked incentives (PLI) scheme. The modules produced through the alliance will be consumed locally by AmpIn and supplied to third-party developers.
AmpIn said it plans significant RE investments in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and Northeastern States.
In the region, the company purportedly has the largest solar open-access portfolio of 200 MWp, the largest utility power purchase agreement (PPA) with CESC for a 250 MWp wind-solar hybrid project, and the largest behind-the-meter industrial solar project of 10.5 MW.
“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,” said Pinaki Bhattacharyya, MD and CEO, AmpIn Energy Transition. “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.”
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