Amplus Solar signs an MoU with the Government of Andhra Pradesh to set up multiple Distributed Green Hydrogen Production Plants in the state – EQ Mag
Gurugram : Amplus Solar, India’s leading distributed clean energy solutions provider has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh government to set up multiple decentralized Green Hydrogen production plants in the state. The company aims to set up 7.5 KPTA-distributed Green Hydrogen plants for industrial consumption in Andhra Pradesh with an investment (including on-site hydrogen production plants and off-site wind and solar energy plants) of INR 1500 crores.
Amplus Solar offers long-term profitable and clean energy solutions to commercial and industrial customers through setting up on-site and off-site renewable plants. By setting up on-site Green Hydrogen production plants, Amplus Solar will not only help its customer meet their Green Hydrogen requirements more efficiently, but also solidify its commitment to India’s net-zero future.
On the signing of the MoU, Mr. Sharad Pungalia, MD and CEO, of Amplus Solar said, “We are excited to be a key contributor in achieving India’s goal of being the global Green Hydrogen hub. This MoU is our first step in active participation in the sector’s growth.”
Andhra Pradesh is an industrial hub with a mix of industries like petrochemicals, glass manufacturing, cement, fertilizers, etc. It offers a larger customer base to service and has a good potential for renewable energy generation considering the state’s encouraging geography.
Mr. Pungalia also added, “We are committed to deploying our resources in Andhra Pradesh, and we look forward to active support and long-term visibility from the state government, regulatory being one of the key ones. We are confident that with a focused vision, the state can place itself as a growth engine in India’s Green Hydrogen ambitions.”
About Amplus Solar
Amplus is Asia’s leading distributed energy company providing clean energy solutions to commercial and industrial customers by setting up on-site solar projects (rooftop and ground-mounted) and off-site solar farms. Amplus has also diversified into new avenues such as battery storage, residential solar, and electric vehicle-based logistics solutions.
Amplus owns and manages a portfolio of over 1.4+ GW of distributed solar assets and serves 350+ renowned Indian and multinational firms like Yamaha, Cisco, Amazon, Walmart, Reckitt Benckiser, Schlumberger, Carlsberg, ABB, TVs, Schneider, Qualcomm, Halliburton, GE, Honda among others, quadrupling its customer base from 2017 to 2023.
Amplus’ operational plants are expected to cumulatively generate 22 billion units of electricity over their lifetime. The carbon dioxide abatement over the lifetime of these projects amounts to 21 million metric tonnes and the environmental impact can also be equated to 24 million mature trees absorbing carbon dioxide for 40 years.
Amplus Solar is a member of the Petroliam Nasional Berhad (PETRONAS) group, Malaysia and is headquartered in Gurugram, India with regional offices in Bangalore, Mumbai, Pune, Bangkok, Dubai, and Kuala Lumpur. PETRONAS recently established Gentari Sdn Bhd (Gentari) to independently pursue and deliver integrated sustainable energy solutions, and to capture opportunities in the energy transition. Gentari offers lower carbon solutions through three initial core pillars – Renewable Energy, Hydrogen and Green Mobility, forming a portfolio of solutions cutting across the electron value chain to help customers achieve net zero emissions.
