AMPIN Energy, Varroc sign PPA for another 27 MWp solar project

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AMPIN Energy Transition, a renewable energy transition company in India, has secured a repeat order with Varroc Group¸ an automobile component manufacturer, for an additional 27 MWp solar power project in Maharashtra.

“This significant order follows the successful and timely implementation of AMPIN’s initial solar projects in Maharashtra, Karnataka, Uttar Pradesh & Tamil Nadu, marking a substantial leap forward in their collaborative journey towards a sustainable future,” stated AMPIN.

With this additional capacity, Varroc has contracted more than 60 MWp of solar capacity with AMPIN. “This latest PPA will enable Varroc Group to meet approximately 70% of their energy requirements with clean, renewable energy. This shift is projected to result in substantial cost savings, with an estimated 45% reduction in energy costs across their manufacturing plants in Maharashtra. The new 27MWp solar project is set to further enhance Varroc Group’s commitment to reducing their carbon footprint by mitigating 35,500 MT of CO2 per year and embracing sustainable practices,” stated AMPIN.

AMPIN is operating multiple solar open access projects and is actively investing in new capital to develop more renewable projects, providing renewable energy transition options to C&I consumers in Maharashtra.

“We are excited to extend our partnership with Varroc Group through this new PPA which is a repeat order is a testament to the trust and confidence they have place in AMPIN. This agreement underscores our commitment to supporting our clients in meeting their sustainability goals while providing cost-effective energy solutions,” said Pinaki Bhattacharyya, MD & CEO at AMPIN Energy Transition.

AMPIN Energy Transition has a total renewable energy portfolio of 4 GWp spread across 21 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, it has a balanced portfolio of renewable energy assets using a blend of solar, wind and storage to provide green power to Utility and Commercial & Industrial Customers. AMPIN is backed by leading institutional investors from Europe, Asia and North America.

 

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