AMPIN Signs Transaction Document With Varroc Group for 27MWp Solar Project in Maharashtra
AMPIN Energy Transition has strengthened its alliance with Varroc Group by signing a transaction document for an additional 27MWp solar power project in Maharashtra.
October 29, 2024. By News Bureau
AMPIN Energy Transition has strengthened its alliance with Varroc Group by signing a transaction document for an additional 27MWp solar power project in Maharashtra.
This significant order follows the successful & timely implementation of AMPIN’s initial solar projects in Maharashtra, Karnataka, Uttar Pradesh & Tamil Nadu, marking a substantial leap forward in their collaborative journey towards a sustainable future.
This new PPA marks a repeat order from Varroc Group, highlighting their continued trust and satisfaction with AMPIN’s renewable energy solutions.
With this additional capacity, Varroc's total contracted solar capacity with AMPIN soars to an impressive >60MWp and this latest PPA will enable Varroc Group to meet approximately 70 percent of their energy requirements with clean, renewable energy. This shift is projected to result in substantial cost savings, with an estimated 45 percent reduction in energy costs across their manufacturing plants in Maharashtra.
The new 27MWp solar project is set to further enhance Varroc Group’s commitment to reducing their carbon footprint by mitigating 35,500 MT of CO2 per year and embracing sustainable practices. The installation is expected to make a significant impact by delivering clean energy and reinforcing the company's position as a leader in environmental stewardship within the manufacturing sector.
AMPIN continues to solidify its position as the unrivalled leader in Maharashtra’s renewable energy landscape. Leveraging its state-of-the-art Solar Park in Maharashtra, AMPIN is dedicated to driving forward the energy transition and becoming a renewable energy partner of choice for its customers.
"We are excited to extend our partnership with Varroc Group through this new PPA which is a repeat order is a testament to the trust and confidence they have place in AMPIN. This agreement underscores our commitment to supporting our clients in meeting their sustainability goals while providing cost-effective energy solutions. We remain committed to providing innovative renewable energy solutions that pave the way for a sustainable future and strengthen our relationships with our valued partners." said Pinaki Bhattacharyya, MD & CEO at AMPIN Energy Transition.
The project aligns with Maharashtra's broader energy goals and supports the state's commitment to increasing the adoption of renewable energy sources. AMPIN is the only renewable energy developer in the state operating multiple solar open access projects and is actively investing in new capital to develop more renewable projects, providing renewable energy transition options to C&I consumers in Maharashtra.
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