AmpIn Energy set to invest Rs 3,100 cr for RE projects across Eastern region – EQ
In Short : The investments will be focused on large-scale project development, including solar parks, floating solar projects, and wind farms. The company also plans to explore opportunities in energy storage and green hydrogen technologies.
In Detail : AmpIn Energy Transition is set to invest Rs 3,100 crore for setting up renewable energy (RE) projects of over 600 MW and an integrated manufacturing facility of solar cells and modules across the Eastern region. The investment will be focused on West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh and the Northeastern states to make a significant impact on the country’s power landscape in these regions.
This investment highlights AmpIn Energy’s commitment to accelerating the RE transition and adoption of clean energy solutions. In the region, the company has the largest solar open-access portfolio of around 200 MWp, the largest utility PPA with CESC for a 250 MWp wind solar hybrid project and the largest Behind the meter industrial solar project of 10.5 MW for an industrial customer. The company’s upcoming integrated solar cell and module manufacturing capacity is likely to strengthen the push to renewables.
In addition, AmpIn is setting up a 1.3 GW solar manufacturing facility in Odisha. This solar unit is expected to create job opportunities, stimulate economic development, and position the eastern region as a key player in the RE sector.
With its diversified portfolio of assets, the company serves marquee customers in the region across diverse sectors such as cement and steel, IT and data Centre, Heavy engineering, FMCG, Utility, among others through its projects.
