AmpIn & Jupiter Partnership Sets Sights on 1.3 GW Solar Manufacturing Unit

AmpIn Energy Transition, an Independent Power Producer (IPP) has announced its strategic partnership with solar solutions provider, Jupiter International Limited, to establish a joint venture dedicated to the solar manufacturing business.

Under the JV, a state-of-the-art manufacturing facility will be set up, aimed at manufacturing up to 1.3 GW of high-quality solar cells and modules under the PLI tranche -II scheme of the government of India.

Jupiter International already has an 800 MW solar cell manufacturing stronghold in Himachal Pradesh.  Under the JV’s stipulations, the modules will be consumed locally by AmpIn and supplied to third party developers propelling both domestic and export growth in India’s renewable sector.

Pinaki Bhattacharyya, MD and CEO of AmpIn Energy Transition, said about the collaboration, “Partnering with Jupiter International, a vanguard in solar cell production, resonates with the Indian government’s vision of a self-sufficient nation and underscores our unwavering dedication to a greener future. This move will help us 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. There is a strong demand for Indian solar modules and with the right support and policies, they will become cost effective and competitive globally.”

 Alok Garodia, Chairman, Jupiter International, said, “We are happy to collaborate with AmpIn as this partnership will redefine the solar manufacturing landscape in India. Combining our solar cell manufacturing prowess with AmpIn’s commitment to renewables,will play a major role in stabilising the supply chain and reducing India’s reliance on imports. We bring in competencies in designated parts of the value chain, and together, we will be a formidable force.”

AmpIn Energy Transition boasts a total portfolio of 3 GWp spread across 17 states in the country. AmpIn has a balanced portfolio of renewable energy projects providing C&I and utility customers a renewable energy transition solution by providing renewable energy.

AmpIn Energy Transition, a renewable energy Independent Power Producer has partnered with Varroc, a global powerhouse in the automobile component sphere. This collaboration is set to channel 33.1 MWp of solar power to Varroc’s manufacturing plants in Maharashtra.

Impetus to domestic manufacturing under PLI

The PLI initiative supports the Indian government’s ambition to boost manufacturing, diminish global supply chain disruptions and reduce India’s dependence on solar imports.  The appetite for India-produced solar cells is robust, and as favorable policies take root, production costs are anticipated to drop, giving the industry a competitive edge.

A total integrated capacity of 8737 MW was allocated under Tranche-I of the Scheme, in November-December, 2022.