Bosch India gets a 30 MW Solar Project Through AMP Energy

German MNC Bosch Limited, a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India has partnered with leading renewable IPP Amp Energy India for its solar energy requirements.

The solar project capacity is 30 MW and would be provided from Amp Energy India’s open access facility in Mallat Village, Raichur district in Karnataka. This is Amp’s third open access project in the state of Karnataka.

Bosch Limited and Amp Energy India have signed a Power Purchase Agreement (PPA) for procurement of solar power for 25 years.

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This solar open access facility commissioned this month will generate about 43MUs of green energy per year for Bosch Limited and will meet about 40% of their energy consumption.

This project will provide solar power to energize 3 Bosch’s plants/facilities in and around Bangalore and by switching to solar power, Bosch will also help mitigate about 31,000 tons of CO₂ per annum.

“Solar energy adoption in India by top companies in India has seen a major growth over the last few years, especially post the challenges posed by the COVID pandemic. We are thankful to the Bosch team for extending their continuous support to us since the beginning. With this partnership, we are sure Bosch will setup benchmarks for other conglomerates to follow to switch to clean energy for their growth in the country and move towards accomplishing their RE100 targets,” Pinaki Bhattacharyya, MD and CEO, Amp Energy India said.

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“Bosch globally is stepping up its investments in green energy there by investing in renewable in-house generation power plants and entering into exclusive long-term purchase agreements with partners like Amp Energy.India is an important and key market for us, and we would like to help the country reach its true potential. We are happy to partner with Amp Energy for this project that has helped achieve our sustainability objectives in a timely manner,” said, Soumitra Bhattacharya Managing Director, Bosch Limited & Regional President, Bosch Group in India.

Amp Energy India with its diversified portfolio of projects has already developed large open access projects including some landmark projects such as the Largest Solar Open Access Project in Maharashtra (30MW), the First captive solar open access project in Uttar Pradesh (42MW) and its second open access project in Maharashtra (13.5MW). The commercial and industrial segment is also expected to provide a major push for India’s renewable plans, as policies evolve to be more supportive, besides pressure from ESG reguirements and corporates own targets on net zero. It is expected that over 80% of corporates in the top 500 firms across the country will need to be at or close to net zero in their energy requirements by 2035.