According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion.
Amp Energy India has announced its rebranding as Ampin Energy Transition. The developer said the new name reflects its commitment to accelerating the transition to renewable energy sources and its vision for a sustainable future.
Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).
Amp Energy India has won West Bengal discom CESC’s 150 MW wind-solar hybrid power auction at a tariff of INR 3.07 ($0.037)/kWh.
Amp Energy India’s total solar project capacity for L&T Metro Rail (Hyderabad) has reached 11.8 MWp with the award of a second project of 4 MW.
The renewable energy developer has won incentives of INR 140 crore ($17 million) for 1 GW of integrated solar PV cell and module production capacity.
Amp Energy has committed to building 720 MW of wind, solar, wind-solar hybrid, floating solar, and energy storage projects in Andhra Pradesh with an estimated investment of approx Rs 5,800 crore over the next 3-5 years.
The 5 MW solar open-access project supplies power to Bharat Serums and Vaccines Ltd’s manufacturing facility in Ambernath, Maharashtra.
The developer will set up the wind-solar plant on a build-own-operate basis and sell the generated electricity to the Solar Energy Corp. of India.
Renewables developer Amp Energy India will deploy Ohmium’s proton exchange membrane (PEM) electrolyzers for mid-scale commercial and industrial projects with an individual capacity of 25 MW or smaller.
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