New Delhi-based renewable energy platform AmpIn Energy Transition has announced a substantial investment of INR 31 billion (USD 372m/EUR 341m) to augment its renewable energy capacity by over 600 MW and establish a solar cells and modules manufacturing plant in Eastern India.
In a recent statement, CEO Pinaki Bhattacharyya emphasized the pivotal shift towards renewable energy in the traditionally coal-centric Eastern region. AmpIn, formerly known as Amp Energy India, has already established a presence in the area with an open-access solar portfolio of approximately 200 MWp. Additionally, it operates a 10.5-MW behind-the-meter industrial solar project for a key industrial customer and holds a 250-MWp wind and solar hybrid project with a power purchase agreement (PPA) in collaboration with CESC.
The significant portion of the planned investment is earmarked for West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and the Northeastern states. AmpIn's expansion plans also include the construction of a substantial 1.3 GW solar manufacturing facility in Odisha, as highlighted in the press release.
AmpIn Energy Transition manages an extensive portfolio of around 3 GWp spread across 17 states in India. In a strategic move last month, the company partnered with solar product manufacturer Jupiter International to establish a 1.3 GW production plant dedicated to photovoltaic (PV) cells and modules.
