New Delhi, Feb 22: Amplus Energy Solutions signed an agreement with the Uttar Pradesh government to set up solar power with a capacity of 500 Megawatt (MW), subjected to an expense of Rs. 2,200 crore over the next five years.
The agreement was signed during the UP Investors' Summit with a drive from the state government under the new solar energy policy 2017 for attaining solar energy capacity of 10,700 MW in the next five years.
With the initiative from the Yogi Adityanath-led UP government, the new UP solar energy policy 2017 permit investors the facility of 'open access' and thus markets power to individuals or institutional consumers within or outside the state.
India's first Battery Energy Storage System (BESS) with great logic in the Energy Management System (EMS) dominating all the sources has been installed and running successfully at Siwaya Toll Plaza, Meerut, with a solar hybrid system with 96 kWh battery and 83 kW. This is the first manufactory of its kind in India and absolutely the first Lithium-ion based energy storage system for a complete quantity of a business establishment in India.
Amplus Energy Managing Director and CEO, Sanjeev Aggarwal said, "Uttar Pradesh is looking to be at the forefront of adopting solar power at a rapid pace. With the new solar energy policy 2017, we are looking at rapid expansion of solar power capacity in the state. We are excited to be associated with the state government in their journey and are committed to installing solar capacity of 500 MW in the state in the next five years. Companies in this region have been proactive in implementing solar power capacity and with the state support, we are surely many more companies will now look at sustainable and clean energy medium for their power needs."