Amplus Solar to set up distributed green hydrogen plants in Andhra Pradesh worth Rs 1,500 crore

Amplus Solar, a distributed energy company providing low-carbon clean energy solutions to commercial and industrial customers, plans to set up 7.5 KPTA-distributed green hydrogen plants in Andhra Pradesh, the company said on Tuesday, 21 March. For this, Amplus Solar will be investing around Rs 1,500 crore.

Amplus Solar stated in a statement that it has also reached an agreement with the Andhra Pradesh government to establish a number of distributed green hydrogen plants in the state to accomplish its goals.

The company aims to set up 7.5 KPTA (kilo tonne per annum)-distributed green hydrogen plants for industrial consumption in Andhra Pradesh with an investment of Rs 1,500 crore. It has also entered into an agreement with the state government to set up multiple decentralised green hydrogens.

Sharad Pungalia, MD and CEO of Amplus Solar, said, "We look to be a key contributor in achieving India's goal of being the global green hydrogen hub. This MoU (memorandum of understanding) 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, the company statement said.

Amplus, unit of Malaysia's Petronas Group, owns and manages a portfolio of over 1.4 GW of distributed solar assets.

With PTI inputs