AmpIn Energy and Jupiter Int Enter Ties to Set up 1.3 GW Cell By CIOTechOutlook Team

AmpIn Energy and Jupiter Int Enter Ties to Set up 1.3 GW Cell

CIOTechOutlook Team | Thursday, 26 October 2023, 02:34 IST

AmpIn Energy Transition announced a collaboration with Jupiter International to establish a 1.3 GW solar cell and module manufacturing plant in the country. As part of the collaboration, a cutting-edge manufacturing facility will be established to produce up to 1.3 gigatonnes (GW) of high-quality solar cells and modules under the PLI tranche-II project.

The PLI initiative supports the central government's ambition to boost manufacturing, diminish global supply chain disruptions and reduce India's dependence on solar imports, it said, as per economic times.

"There is a strong demand for Indian solar modules and with the right support and policies this move will help us achieve backward integration and enhance our control over the supply chain for crucial components, which will help us optimise our operations for quality, efficiency and cost-effectiveness," AmpIn Energy Transition MD & CEO Pinaki Bhattacharyya said.

"Combining our solar cell manufacturing prowess with AmpIn's commitment to renewables will play a major role in stabilising the supply chain and reducing India's reliance on imports," Jupiter International Chairman Alok Garodia said.

AmpIn Energy Transition is a division of the AmpIn Energy Group, which is headquartered in Canada and has a presence in six main energy markets across the world: Canada, the United States, India, Japan, Europe, and Australia. This worldwide presence gives us a competitive advantage in the solutions we offer, and our deep finance knowledge, supported by top international institutional investors, ensures that we meet the highest ESG (IFC norms) and corporate governance requirements.