Renewable Energy & Power Inc – Amp Energy India, one of India’s leading renewable energy companies, has recently commissioned a 13.5 MW solar power project for Orient Cement, one of India’s fastest growing and leading cement producers. The project will provide solar power to Orient Cement Maharashtra’s manufacturing facility from Amp’s open facility in Gourgaon city, Osmanabad district.
Orient Cement has signed a 25-year Power Purchase Agreement (PPA) with Amp Energy India to supply solar power. Orient Cement will not only benefit from a reduction in overall energy costs, but also a reduction in its carbon footprint as a result of this project. Orient Cement will meet half of its annual energy needs and significantly reduce energy bills as a result of this partnership. The project will also help Orient Cement reduce 15,595 tonnes of CO2 per year.
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With its diverse portfolio of projects, Amp Energy India has already developed large open access projects, including the largest Open Access Solar Project in Maharashtra (30 MW), the first Open Access Solar Project in Uttar Pradesh (42 MW) and the third. Open Access project in Karnataka (30 MW).
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Emphasizing that the infrastructure sector is the backbone of India’s growing economy, Pinaki Bhattacharyya, MD and CEO, Amp Energy India, said, “In this sector, cement companies like Orient Cement have been at the forefront of implementing best practices in manufacturing and environmental protection. … This the partnership provides the right impetus.” will help other cement companies transition to 100% renewable energy, reduce energy costs and meet sustainability goals. We would like to thank the Orient Cement team for working with us, especially in these difficult times, and for helping us deliver the project on time as you told us.”
Against this backdrop, Soumitro Bhattacharyya, CFO of Orient Cement said, “The planned transition to solar and other renewable energy sources for our manufacturing facilities is to gradually reduce our carbon footprint in line with our sustainability goals. Renewable energy, like solar energy, remains a key pillar, will continue to grow in our energy mix as we increase capacity in the coming years. We are delighted to be working with Amp on this project and look forward to our continued partnership.” New Delhi: Amp India on Friday said Tata Hitachi, a construction and machinery supplier, has partnered to set up solar energy units at its facilities. in Kharagpur, West Bengal.
The Delhi-based renewables company has a 5 megawatt (MW) solar power project in operation supplying power to Tata Hitachi at its Kharagpur plant from 2018.
According to a press release, this project is a repeat order from Tata Hitachi and with this, Amp has expanded its capacity to 10.5 MW, making it the largest post-metro project in eastern India.
Amp Energy India
“The power purchase agreement with Amp to supply solar power is for 25 years and will generate 7,150 MW of green per year, equivalent to reducing 5,055 MT of carbon emissions annually,” the company added.
Tata Hitachi is a joint venture between Tata Motors and Japan’s Hitachi Construction Machinery. It has two manufacturing facilities in Dharwad, Karnataka and Kharagpur, West Bengal.
“We are delivering solar power in Karnataka through open access and behind the meter in West Bengal. This partnership will ensure that growth in the construction sector is on the back of a robust solar generation and demand ecosystem,” said Amp India CEO. and CEO Pinaki Bhattacharyya.
I have read the privacy policy and terms and agree to receive newsletters and other communications on this ID. Secured tax equity and debt financing for a $155 million Community Solar Plus savings portfolio in recurring transactions with US Bank and KeyBank.
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Denver, CO, August 25 – , the global Energy Transition Platform and developer of renewable energy, today announced that it has closed financing on 61 MW | 6.5 MWh solar storage portfolio added in Massachusetts and New York, valued at $155 million. KeyBank leads construction and term debt, with U.S. Bank. invests portfolio tax equity, in the fourth transaction between the three parties since 2017. The balance matures in the quarter of 2023. Three of the projects will combine DC-coupled energy storage and deliver the X optimization and management platform, allowing assets to autonomously optimize battery output to maximize their SMART -program outcomes while participating. ISO New England Wholesale Market. The integrated design with DC-coupled energy storage, double-sided modules, together with optimization and proprietary design, once again highlights its emerging position as a leader in cutting-edge technology. “This solar transaction financing round builds on the amount of tax equity and debt that has raised more than $500 million in the US solar market in recent years,” said Jared Donald, EVP and Head of US Operations. “We are pleased to once again attract high-level institutional financing with KeyBank and U.S. Bank, which speaks to the deep understanding of the market, as well as the team’s knowledge and skills.” “The solar community is making the benefits of cheaper and cleaner energy options available to those who cannot afford to install rooftop panels, and we are proud to support expansion in Massachusetts and New York,” said Justin Baker, US Vice President. Bancorp Community Development Corporation’s Environmental Finance Team. “Being a responsible steward of the environment is important to US Bank, and we are committed to continuing to invest in solar energy.” We are excited to continue our partnership and grow community solar in Massachusetts and New York,” said Tyler Nielsen, Director, Utilities, Power & Renewable Energy Group at KeyBanc Capital Markets, “Providing financing to optimize solar and storage as part of KeyBank’s National Community Benefit Plan also builds on its success investing in affordable housing, mortgage and small business lending, and renewable energy.” This strategic portfolio of solar and storage assets continues its investment in the New York and Massachusetts solar markets, creating jobs and developing supporting economies, as it responds to growing demand for clean and renewable energy. The long-term ownership and operation of its projects prioritizes collaboration with landowners, cities and other local stakeholders, at to ensure valuable long-term cooperation in the fight against climate change. Founded in 2016 and headquartered in Denver , Colorado, the American business has seen that ak tive operations actually exceed 200 MW of fixed assets this year, with a further 500 MW to be built over the next 2-3 years. About is a global platform for the energy transition. We develop, own and operate clean energy resources in our key markets around the world. Together with X, our advanced network technology platform leveraging artificial intelligence expertise, we are reinventing the grid and leading the energy transition. The company is headquartered in Toronto with global operations across North America, the UK, Australia, Japan, Spain and the Czech Republic. Founded in 2009, it is a large-scale growth disruptor, backed by significant investment from institutional capital partners, most recently Carlyle, which invested $374 million for a minority stake in the company by the end of 2020. For more information, visit , or contact communications@ .
And EDF Renewables North America have launched two new joint solar farms in the cities of Verona and Vernon, New York
X and Smartcar Partner to bring smart charging to electric car owners to reduce electricity bills while making the grid more flexible. and Corporate Governance (ESG) initiatives by investing a 26% stake in a wholly owned subsidiary of AMP Energy C&I Private Limited.
This will support BSV’s green energy requirements for its manufacturing facility in Ambernath, Maharashtra, and is in line with the company’s goal of becoming a carbon neutral company by 2050.
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In addition, this acquisition will help the company achieve water neutrality, product management and an integrated management system.
In addition, this investment, which aims to advance a comprehensive sustainability plan for the future, will help BSV avoid carbon dioxide emissions of 65.60 tonnes of carbon dioxide equivalents (tCO2e) per year during the project’s 25-year lifetime.
At BSV, sustainability is important, with responsibility towards the environment, the workplace, society and all other stakeholders. We continue to strive to integrate sustainability into everything we do
This solar energy project resonates with our belief in building a greener environment, using natural resources and renewable energy sources wisely, and creating a measurable social impact.
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This confirms our belief in increasing the share of solar energy consumption, meeting regulatory energy consumption requirements and contributing in our modest way to India’s commitment to derive 40% of installed electricity capacity from non-fossil energy sources by 2030. .
Pharmaceutical energy efficiency is the key to reducing costs in manufacturing facilities, R&D centers and other related operations, marketing and administration.
The same applies to India
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