Kolkata, November 24, 2023: AmpIn Energy Transition, the forefront player in India’s renewable energy transition, is poised to revolutionize the power landscape in the Eastern region with a groundbreaking investment of INR 3,100 crores. This substantial commitment is earmarked for the development of renewable energy projects exceeding 600 MW and the establishment of an integrated manufacturing facility for solar cells and modules. Key investment areas include West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and Northeastern States, aligning with AmpIn’s dedication to accelerating renewable energy adoption in the Eastern region.
In the Eastern region, AmpIn boasts the largest solar open access portfolio of approximately 200 MWp. Furthermore, the company holds the most extensive utility Power Purchase Agreement (PPA) with CESC for a 250 MWp wind-solar hybrid project and manages the most substantial Behind the Meter industrial solar project, contributing 10.5 MW to an industrial customer. AmpIn’s diversified asset portfolio is instrumental in helping clients achieve significant energy cost savings, ranging from 25% to 40%, while simultaneously reducing their carbon footprint. The company caters to prominent customers across various sectors, including Cement & Steel, IT & Data Centre, Heavy Engineering, FMCG, and Utility.
Mr. Pinaki Bhattacharyya, MD, and CEO of AmpIn Energy Transition, emphasized the transformative potential for the Eastern region, traditionally associated with coal, to embrace renewable energy. He highlighted the strategic investment as a pivotal milestone in AmpIn’s mission to propel the transition to renewables in the region. Mr. Bhattacharyya expressed AmpIn’s readiness to collaborate with any customer to achieve 100% Renewable Energy (RE) and stressed the unstoppable shift to renewables with the right policy interventions like Green Energy Open Access. The establishment of an integrated solar cell and module manufacturing capacity in the region, according to him, would further fortify the momentum towards renewables.
AmpIn is set to inaugurate a state-of-the-art 1.3 GW solar manufacturing facility in Odisha, reinforcing its commitment to India’s solar energy ambitions and self-sufficiency. This facility is expected to play a crucial role in job creation, economic stimulation, and positioning the Eastern region as a significant player in the renewable energy sector.
In collaboration with industry association FICCI, AmpIn recently conducted a seminar on Renewable Energy Transition for Commercial and Industrial Consumers in Kolkata. The seminar featured dynamic panel discussions among government and industry energy leaders, financiers, and other stakeholders. The deliberations focused on the roadmap to achieving 100% Renewable Energy for corporates and industrial consumers in East India.