Amplus, Honda Motorcycles inks power purchase pact

From The Web - India
Typography

Amplus Energy Solutions today said it has inked a Power Purchase Agreement (PPA) deal with Honda...

Advertisement

Amplus Energy Solutions today said it has inked a Power Purchase Agreement (PPA) deal with Honda Motorcycle and Scooter India to provide 30MW solar energy.

The solar power will be provided to Honda's Narsapura, Karnataka plant. Amplus will supply power from its solar park in Chitradurga, which is a 42 MW plant, Amplus Energy Solutions said in a statement.

According to the statement, Honda Motorcycles will meet 85 per cent of plant's energy needs through solar power supplied by Amplus Energy.

By switching to solar power, Honda plans to reduce its CO2 emissions by 38,000 MT/annum, which will be equivalent to planting 47,500 trees/annum in India.

This plant will get 45 million units of solar electricity per annum.

"At Honda Motorcycle and Scooter, we are clear in our vision to use renewable resources to provide power to our plants as our goal is to be environmentally sensitive for two-wheeler production. In Narsapura factory, all our future expansion plans for production will have in-built provisions to use renewable energy," said Vinay Dhingra, Vice President & Plant Head – Narsapura, in the statement.

"Their commitment of primarily using solar power for manufacturing of two-wheelers is a significant move in Indian two-wheeler sector and we are happy to be their partners," Amplus Energy MD & CEO Sanjeev Aggarwal said in the statement.

Going forward, Amplus has plans to achieve 100MW of solar rooftop projects in this fiscal year with over 60MW already clocked with this latest contract.

In a short span of time, Amplus is already serving more than 30 clients in 200+ locations across India.

Industry experts believe the Indian rooftop market is currently growing at over 100 per cent annually. The government has set a target to increase energy sourced from grid connected solar rooftop systems to 40 GW by 2022, it addded.

Continue Reading On Money Control


Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter SolarQuarter November 2017 (Intersolar Special Issue) https://t.co/Ot3xeO05x6
Friday, 08 December 2017 12:53
SolarQuarter Hannon Armstrong Management to Present at Morgan Stanley Energy | Solar Alliance Reports Results of Annual and Spec… https://t.co/tI6ncoT0jM
Wednesday, 06 December 2017 19:46
SolarQuarter REAssets India 2018, Launching 8th Annual Edition with RE COO Roundtables - https://t.co/zQVUBKdcbs
Thursday, 30 November 2017 19:26

Advertisement

Translator

Advertisement

Upcoming Events