Amp Energy India Emerges The Lowest Bidder In CESC’s 150MW Wind-Solar Hybrid Auction

Amp Energy India Emerges The Lowest Bidder In CESC’s 150MW Wind-Solar Hybrid Auction

New Delhi 11th May 2023: Amp Energy India, a leading renewable energy transition platform in the country through its subsidiary Amp Green Energy Private Ltd has won CESC’s 150MW Wind-Solar Hybrid auction at an attractive tariff of ₹ 3.07 per unit. The tariff discovered was the lowest tariff in the bid.

The contracted capacity of the project will be 150MW and would require a ~250 MWp of Wind & Solar capacity installation. The project shall be connected to ISTS network.

The Power Purchase Agreement for this project will be executed with CESC Limited which is a leading private discom (A rated) in Eastern India and India’s first fully integrated electrical utility company ever since 1899, generating and distributing power to customers in Kolkata and other areas in the country.

With this bid, Amp Energy India has won back-to-back wind-solar hybrid bids and reinforces its position as a market leader in providing diversified utility scale renewable energy solutions to its customers.

This win takes Amp Energy India’s Utility Portfolio to 1.75 GWp+ diversified into niche segment with world class off-takers and total portfolio of projects to ~3GWp including C&I off-takers.

Amp Energy India is committed to contribute significantly to the country’s renewable capacity in alignment with the government’s ambitious target of achieving 500 GW by 2030.

“Winning these back-to-back bids clearly demonstrates our ability to provide diversified solutions at the best price and shows our commitment to harnessing the power of renewables to lead India’s renewable energy transition. By combining wind and solar energy in a single project, we can optimize land use, improve power generation, and reduce intermittency of the system. We are also happy to provide green power to the heart of eastern India through CESC, one of India’s leading integrated utility companies,” said Mr. Pinaki Bhattacharyya, MD and CEO, Amp Energy India.

About Amp Energy India

Amp Energy India is one of India’s leading renewable energy transition platform with a total portfolio of ~3GW spread across 15 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, Amp India has a balanced portfolio of C&I and utility customers which allows it to provide clean and green energy solutions to 60+ marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Datacenters, Utilities and Government bodies.

Amp Energy India acts as a One Stop Shop for Energy providing renewable energy solutions to customers across technologies such as Solar, Wind, Hybrids, Storage and Energy Management and has the ability to meet short-term, medium-term and long-term requirements of its customers. Amp Energy India is also associated with Amp Energy which has presence in key renewable markets such as US, Canada, India, Japan, Spain and Australia globally.

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