Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. The cumulative capacity of these projects is 7.2 MWp and they are spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana and Karnataka. These projects have been supplying solar power to 13 industrial, commercial, and institutional customers.
Prior to this, Amplus had acquired 100 MW of solar assets from ACME Solar. The 100 MW solar power capacity is located in Karnataka’s Pavagada Solar Park and was developed under the National Solar Mission with a tariff of Rs 4.79 per kWh. The capacity was commissioned in 2018.The deal has been reported to be valued at around Rs 8 billion.
Amplus Solar is Asia’s leading distributed energy company providing clean energy solutions to a bouquet of industrial and commercial customers through both on-site solar projects and off-site solar farms. Headquartered in Gurugram, the company is a member of PETRONAS Group, Malaysia and owns a portfolio of 800+ MWp of distributed solar assets catering to 200+ clients across diverse verticals. The company has tied up with Essel World in Mumbai for setting up a 500 kWp floating solar project on the water park’s premises and is also working with a large e-commerce player for setting up a 1 MWh unit at their site. It has entered the residential solar space with capex-based projects under the brand name Homescape that has already provided high quality solar residential systems to over 600 customers till date.