Amplus Energy Solutions has inked a deal to install a two-megawatt rooftop solar plant for India Exposition Mart Ltd. (IEML) that hosts international business exhibitions and promotional events in Greater Noida in the National Capital Region (NCR).
Gurgaon-based Amplus said in a release that it will install, operate and maintain for a period of 25 years the project, which will be funded through the $150 million it has raised from a global infrastructure investment fund, I Squared Capital.
“Amplus plans to invest around Rs 0.12 billion for installing the solar power plant at India Expo Mart,” it said.
“Once completed, this plant over its lifetime will help in saving 69,000 tonne CO2, which is equivalent to planting 86,000 trees in addition to the guaranteed cost savings to IEML,” it added.
The company also said that earlier this year it commissioned India’s largest single-location rooftop solar installation for captive use of 4,130 kW for Yamaha Motors in Noida.
The government aims to increase energy sourced from solar rooftop systems to 40 gigawatts by 2022.
By Baishakhi Dutta