AmpIn Energy Transition (Formerly Amp Energy India), a leading Independent Power Producer (IPP) in India, has developed a strategic partnership with Jupiter International Limited to establish a joint venture dedicated to the solar manufacturing business. This collaboration marks a significant milestone to boost the solar cell and module manufacturing capacity in India and fostering self-reliance.
Under the JV, a state-of-the-art manufacturing facility will be set up, aimed at manufacturing up to 1.3 gigawatts (GW) of high-quality solar cells and modules under the PLI tranche -II scheme of the government of India.
The PLI initiative supports the Indian government’s ambition to boost manufacturing, diminish global supply chain disruptions and reduce India’s dependence on solar imports. As AmpIn delves into manufacturing, it aims to enhance its grip on the supply chain for essential components. The appetite for India-produced solar cells is robust, and as favourable policies take root, production costs are anticipated to drop, giving the industry a competitive edge.
Jupiter International is a heritage company with over 15 years of experience in manufacturing global quality high efficiency solar cells with a track record of manufacturing excellence and constant technological upgradation. The alliance looks to leverage Jupiter’s vast expertise and AmpIn’s steadfast dedication to providing the lowest cost renewable power to its customers. Under the JV’s stipulations, the modules will be consumed locally by AmpIn and supplied to third party developers propelling both domestic and export growth in India’s renewable sector.
