AmpIn Energy to set up 33 MW solar plant in Maharashtra; signs pact with Varroc

It is anticipated that the project will fulfill between 65 and 75 percent of the required electricity across all seven of Varroc's industrial plants.

Sep 20, 2023 - 20:35 Updated: Sep 21, 2023 - 10:45

0 37

AmpIn Energy to set up 33 MW solar plant in Maharashtra; signs pact with Varroc

The company did not disclose the value of the project.

AmpIn Energy Transition plans to construct a solar power plant in Maharashtra with a capacity of 33 megawatts so that it may provide renewable energy to the auto-components manufacturer Varroc.

AmpIn said on Wednesday that a power purchase agreement (PPA) between the two companies regarding this matter has been inked. "AmpIn Energy Transition and Varroc have announced that they will be working together to harness 33.1 MWp of solar power in order to power Varroc's manufacturing facilities in the Indian state of Maharashtra. According to the announcement, "the collaboration leverages AmpIn's solar portfolio in Maharashtra, which includes its state-of-the-art 105 Megawatt peak (MWp) solar park situated in Parbhani."

The worth of the project has not been made public by the corporation. It is anticipated that the effort will provide 65–75 percent of the power required by each of Varroc's seven industrial units. According to Pinaki Bhattacharyya, CEO and MD of AmpIn, the plant is predicted to assist in the reduction of 43,296 tonnes of CO2 emissions on an annual basis.

The Managing Director of Varroc, Tarang Jain, was quoted as saying, "Through this alliance, we envisage a significant reduction in our carbon footprint, thereby affirming our role as an automotive industry leader invested in sustainable and progressive business practices." AmpIn is the leading renewable energy transition platform in India, and it has a total portfolio of 3 GW that is spread out throughout 17 of the country's states. It is estimated by the solar industry that a capital investment of 5–6 crores needs to be made in order to start up a 1 MW solar plant.