The investments will be made towards setting up renewable energy projects of about 600 MW and a 1.3 GW integrated manufacturing facility of solar cells and modules in states including Bihar, Odisha and Jharkhand
AmpIn Energy Transition announced its plans to invest Rs 3,100 crore in states including Bihar, Odisha, and Jharkhand. The investments will be directed towards establishing renewable energy projects of about 600 MW and a 1.3 GW integrated manufacturing facility for solar cells and modules, the company said in a statement.
"Significant investments are planned in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and the Northeastern states. The investment reflects our commitment to accelerating the renewable energy transition and the adoption of clean energy solutions in the Eastern region," the company stated.
In the Eastern region, the company already boasts the largest solar open access portfolio of 200 MWp and the largest utility power purchase agreement (PPA) with CESC for a 250 MWp wind solar hybrid project.
The company serves marquee customers in the region across diverse sectors such as steel and cement, IT and data centres, heavy engineering, FMCG, and utilities through its projects.
"Our investment in the region marks a significant milestone in our mission to drive the transition to renewables in the region. With the right policy intervention, like Green Energy Open Access, the shift to renewables is unstoppable. The integrated solar cell and module manufacturing capacity that we are establishing in the region would strengthen the push to renewables," said Pinaki Bhattacharyya, MD and CEO of AmpIn Energy Transition.
AmpIn is India's leading renewable energy transition platform, with a total portfolio of 3 GWp spread over 17 states of India.