Coal news and updates

AmpIn Energy to invest Rs 3,100 cr for 600 MW RE projects in eastern India

Renewable energy transition platform, AmpIn Energy Transition has planned Rs 3,100 crore investments in eastern India to set up renewable energy (RE) projects of around 600 megawatts (MW) and an integrated manufacturing facility of solar cells & modules, according to a top company official.  

Significant investments are planned in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh and north-eastern states.  

"Time has come for the eastern region which is the home of coal to embrace renewable energy. Our investment in the region marks a significant milestone in our mission to drive the transition to renewables in the region. AmpIn can partner with any customer to help them achieve 100 percent RE and we believe that with the right policy intervention like Green Energy Open Access, the shift to renewables is unstoppable. Also, the integrated solar cell & module manufacturing capacity that we are establishing in the region, would strengthen the push to renewables. Collaboration between industry, solution providers, the financial sector, and government at both central and state levels is also crucial for a successful transition. The 4 wheels that must be synchronised for Energy Transition: financial markets, industry that decarbonises and saves energy costs, energy transitioners that create solutions for renewable energy transition, and government that sets the right policies to support the transition for the Eastern region,” said Pinaki Bhattacharyya, MD and CEO, AmpIn Energy Transition. 

AmpIn is also establishing a state-of-the-art 1.3 gigawatts (GW) solar manufacturing facility in the Odisha.  

In the region, the company has the largest solar open access portfolio of around 200 megawatts-peak (MWp), the largest utility PPA with CESC for a 250 MWp of wind solar hybrid project and the largest Behind the Meter industrial solar project of 10.5 MW for an industrial customer.