AMPIN Energy Transition to Power Varroc with 33.1 MW Solar Energy in Maharashtra

September 20 2023, New Delhi –AMPIN Energy Transition, a leading energy transition platform and India’s first truly balanced Renewable Energy Independent Power Producer (IPP) has forged a ground-breaking partnership with Varroc, the global powerhouse in the automobile component sphere.

This collaboration will channel a massive 33.1 MWp of solar power to Varroc’s manufacturing plants situated in Maharashtra, marking a significant stride toward a greener and more sustainable future.

Positioned as the unrivalled leader in Maharashtra’s renewable energy landscape, AMPIN holds a formidable 112MWp of solar portfolio, having successfully commissioned multiple back-to-back solar open-access projects in the state. Leveraging its state-of-the-art Solar Park in Parbhani, Maharashtra which boasts a capacity of 105 MWp, AMPIN has designated Varroc as its anchor client, a testimony to their synergistic vision and shared commitment to environmental conservation.

This partnership embodies a watershed moment for Varroc’s renewable energy journey with AMPIN and will cater to an impressive 65%-75% of Varroc’s total power requirement in 7 (seven) of its manufacturing plants in Maharashtra through solar power, thereby substantially reducing its carbon footprint. This initiative stands tall as a beacon of sustainable industrial practices, pledging to cut down CO2 emissions by a staggering 43,296 tonnes annually, a monumental step in combatting climate change and fostering a healthier planet for future generations.

“AMPIN’s commitment to fostering a culture of sustainability and environmental responsibility aligns perfectly with our vision & together we are shifting gears towards a cleaner, greener, and more sustainable future.,” Mr Tarang Jain, MD, Varroc. “Through this alliance, we envisage a significant reduction in our carbon footprint, affirming our role as an auto industry leader invested in sustainable and progressive business practices.”

Mr. Pinaki Bhattacharyya, CEO and MD of AMPIN Energy Transition, stated, “The transition to renewable energy is not just a business imperative but a commitment to our planet, and through our partnership with Varroc, we are not only forging ahead in the renewable energy landscape but also fostering a culture of responsibility and sustainability. We are happy to collaborate with Varroc on their energy transition journey,”.

AMPIN Energy Transition is the only renewable energy developer in Maharashtra operating multiple solar open access projects and is actively involved to invest new capital to develop more renewable projects and provide RE transition options to C&I consumers in the state.

About AMPIN Energy Transition

AMPIN Energy Transition is India’s leading renewable energy transition platform with a total portfolio of ~3GWp spread across 17 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AMPIN Energy Transition has a balanced portfolio of C&I and utility customers which allows it to provide renewable energy for energy transition as well as reduce the operating costs of marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Datacenters, Utilities and Government bodies. For further information please visit, https://ampin.energy/

Media Contacts:

Rajni Bhandari – [email protected], Aman Sahai –[email protected]

About Varroc

Varroc is a global tier-1 automotive component group. It was incorporated in 1988. The group manufactures and supplies electricals-electronics, polymers, metallics, exterior lighting systems and advanced safety systems to leading OEM’s. It offers end-to-end capabilities across design, development, manufacturing, progressive technologies for two-wheeler, three-wheeler, passenger vehicles, commercial vehicle, and off-highway vehicle worldwide helping engineer a safer, smarter and sustainable tomorrow. The group revenue was ₹ 69,209 million from its operations in FY23. Varroc employs more than 6,500 employees (750 + R&D Engineers), has 36 global operating manufacturing facilities, supported by 7 R&D Centres, and has more than 90 patents.

Varroc Engineering Limited’s shares are listed on the National Stock Exchange (VARROC) and the Bombay Stock Exchange (541578). For further information on Varroc Engineering Limited please visit: www.varroc.com