Amplus Solar, India’s leading distributed clean energy solutions provider has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh government to set up multiple decentralized Green Hydrogen production plants in the state. The company aims to set up 7.5 KPTA-distributed Green Hydrogen plants for industrial consumption in Andhra Pradesh with an investment (including on-site hydrogen production plants and off-site wind and solar energy plants) of INR 1500 crores.
Amplus Solar offers long-term profitable and clean energy solutions to commercial and industrial customers through setting up on-site and off-site renewable plants. By setting up on-site Green Hydrogen production plants, Amplus Solar will not only help its customer meet their Green Hydrogen requirements more efficiently, but also solidify its commitment to India’s net-zero future.
On the signing of the MoU, Mr. Sharad Pungalia, MD and CEO, of Amplus Solar said, “We are excited to be a key contributor in achieving India’s goal of being the global Green Hydrogen hub. This MoU is our first step in active participation in the sector’s growth.”
Andhra Pradesh is an industrial hub with a mix of industries like petrochemicals, glass manufacturing, cement, fertilizers, etc. It offers a larger customer base to service and has a good potential for renewable energy generation considering the state’s encouraging geography.
Mr. Pungalia also added, “We are committed to deploying our resources in Andhra Pradesh, and we look forward to active support and long-term visibility from the state government, regulatory being one of the key ones. We are confident that with a focused vision, the state can place itself as a growth engine in India’s Green Hydrogen ambitions.”