Amplus to set up 400-MW solar power capacity in UP

Amplus Energy Solutions is planning to install 400 MW solar capacity in Uttar Pradesh by 2021 with total investments of ₹2,000 core.

The Gurugram-based solar rooftop developer, backed by I Squared Capital, works on opex model where developer invests in the solar power plant, maintains it while the rooftop owner purchases the power at a predetermined price.

In the first phase of investment, Amplus will set up 50 MW ground-mounted solar PV project at a cost of over Rs 250 crore in Mirzapur.

Sanjeev Aggarwal, Managing Director & CEO, Amplus Energy, said, “UP’s Solar Policy 2017 is supportive to the investors. It has provided a friendly environment for the investment and provides consumers an option to procure green power on reasonable terms.”

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