Bosch Limited, Amp Energy India signs PPA for buying solar power for 25 years
Bosch Limited has announced that it has partnered with Amp Energy India, an Independent Power Producer (IPP) 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.
The two companies have signed a Power Purchase Agreement (PPA) for the purchasing of solar power for 25 years.
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 percent of their energy consumption.
This project will deliver solar power to energize three Bosch 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.
Mr. Pinaki Bhattacharyya, MD, and CEO, Amp Energy India stated "Solar energy adoption in India by top companies in India has seen 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 set up benchmarks for other conglomerates to follow to switch to clean energy for their growth in the country and move towards accomplishing their RE100 targets,"
"Bosch globally is stepping up its investments in green energy thereby 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 promptly," said, Mr. Soumitra Bhattacharya Managing Director, Bosch Limited & Regional President, Bosch Group in India.