Amp Energy India Wins 1GW Cell And Module Manufacturing Capacity Under SECI’s PLI Scheme

New Delhi 5th April 2023 : Amp Energy India, the leading renewable energy transition platform in the country through its subsidiary AMPIN Solar One has won 1GW capacity for integrating cell and module manufacturing under Solar Energy Corporation of India (SECI)’s performance-linked incentive (PLI) program Tranche II for integrating cell and module (CM) manufacturing. SECI declared the winners who would be eligible to receive a total of Rs 139.4 billion under Tranche II of the performance-linked incentive (PLI) program to manufacture 39.6 GW of solar modules. Amp Energy India (AMPIN Solar One) has won 1GW for Basket 3 (CM) and would be eligible to receive a maximum incentive of Rs 1.4billion/ Rs 140 Cr. The PLI scheme has boosted the government’s efforts to reduce not only the impact of global supply chain shocks but also reduce our import dependence. The company’s entry into manufacturing will help it gain better control over the supply chain for critical components. It stated that the victory will also enhance India’s solar module production capacity. The demand for solar cells made in India is high, and with beneficial policies in effect, the manufacturing costs will decrease as the industry grows and becomes more competitive. “Our foray into manufacturing is a strategic move that will enable us to achieve backward integration and enhance our control over the supply chain for crucial components which would help us optimize our operations for quality, efficiency and cost-effectiveness. We have consistently supported the government’s Atmanirbhar Bharat campaign by building, owning, and operating renewable plants in India. This new development is a natural extension of our commitment for an Atmanirbhar Bharat of making solar power in India using solar cells and modules manufactured in India.” said Mr. Pinaki Bhattacharyya, MD and CEO, Amp Energy India.

About Amp Energy India

Amp Energy India is India’s leading renewable energy transition platform with a total portfolio of 2GW+ 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. For more information on Amp Energy India, please visit: www.ampenergyindia.com or Linkedin https://www.linkedin.com/company/amp-energy-india/about/?viewAsMember=true or contact Rajni Bhandari at [email protected]