Amplus Solar, a unit of Malaysia’s Petronas Group, has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh government to set up multiple decentralized green hydrogen production plants in the state. The company aims to set up 7.5 KPTA-distributed green hydrogen plants for industrial consumption in Andhra Pradesh with an investment (including on-site hydrogen production plants and off-site wind and solar energy plants) of INR 1500 crore.
Amplus Solar offers long-term profitable and clean energy solutions to commercial and industrial customers through setting up on-site and off-site renewable plants. By setting up on-site Green Hydrogen production plants, Amplus Solar will not only help its customers meet their Green Hydrogen requirements more efficiently, but also solidify its commitment to India’s net-zero future, the company said in a press statement.
Sharad Pungalia, MD and CEO of Amplus Solar said, “This MoU is our first step in active participation in the sector’s growth.”
Andhra Pradesh is an industrial hub with a mix of industries like petrochemicals, glass manufacturing, cement, fertilizers, etc. It offers a larger customer base to service and has a good potential for renewable energy generation considering the state’s encouraging geography.
Amplus owns and manages a portfolio of over 1.4+ GW of distributed solar assets and serves 350+ renowned Indian and multinational firms like Yamaha, Cisco, Amazon, Walmart, Reckitt Benckiser, Schlumberger, Carlsberg, ABB, TVs, Schneider, Qualcomm, Halliburton, GE, Honda among others, quadrupling its customer base from 2017 to 2023.
Amplus’ operational plants are expected to cumulatively generate 22 billion units of electricity over their lifetime. The carbon dioxide abatement over the lifetime of these projects amounts to 21 million metric tonnes and the environmental impact can also be equated to 24 million mature trees absorbing carbon dioxide for 40 years.
