Amp Energy announced commissioning of a 30 MW solar power project for Bosch Ltd
A 25-year power purchase agreement has been signed by Bosch and Amp Energy regarding the procurement of solar energy.
In a press release on Tuesday, Amp Energy India announced the commissioning of a 30 MW solar power project for Bosch Ltd. The solar project capacity would be provided through Amp Energy India’s open access site in Raichur, Karnataka.
About 43 million green units of energy will be generated by the open access facility for Bosch this year and will meet roughly 40 per cent of their energy needs. The project marks Amp’s third open access venture in Karnataka, according to the Amp Energy official statement released.
A power purchase agreement between Bosch and Amp Energy for solar power procurement for 25 years has been entered into. Bosch will use this solar power to energize their plants and facilities in and around Bengaluru, as well as helping to mitigate about 31,000 tonnes of CO2 per year.
“Indian firms are increasingly adopting solar energy, especially after the COVID pandemic,” said Pinaki Bhattacharyya, MD and CEO at Amp Energy. Speaking on this partnership he commented, “We are confident that Bosch will set a benchmark for other conglomerates to follow in their efforts to switch to clean energy in order to achieve their RE100 goals.”
In India, Bosch is a leading provider of technology and services across sectors like mobility solutions, industrial technology, consumer goods, and energy and building technology.
Soumitra Bhattacharya, MD Bosch Ltd and Regional President for Bosch Group in India commented, “We are keen to help India attain its full potential, as the country is a significant market for the Bosch Group.”
Globally, Bosch is stepping up its investments in green energy through initiatives like in-house renewable power generation plants and entering into exclusive long-term power purchase agreements with partners like Amp Energy for renewable energy.
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