Amplus Energy Solutions has committed investment of Rs 90 crore to install and commission 15 rooftop solar power plants for world’s leading retailer, Walmart, in India.
Amplus has already successfully commissioned a 297-kWp rooftop solar plant for Walmart’s Best Price Store in Agra. The Gurgaon-based Amplus plans to commission 11 more plants for Walmart across India in the next 4-5 weeks in Punjab, Uttar Pradesh, Madhya Pradesh, Rajasthan and Andhra Pradesh.
Amplus plans to fund the investment through the money it raised from a global infrastructure investment fund, I Squared Capital. It raised $150 million last year from the fund.
Walmart India has signed a Power Purchase Agreement (PPA) with Amplus to solarize their 15 Best Price outlets.
Once completed, these plants over their lifetime will help in saving 172,000 MT CO2, which is equivalent to planting 2.15 lakh trees.
Speaking about this project, Mr. Sanjeev Aggarwal, Managing Director & CEO, Amplus Energy said “We are happy to commission the first plant of our agreement with Walmart at Agra in a short span of time. Being an operational store, we had to take additional care that we don’t hamper their day-to-day business. We plan to complete the rest of the projects in the next 4-5 weeks. Overall, retail is one of the key sector to install solar rooftop projects in the world and Indian large format retailers are now showing solid interest to use solar power to meet part of their power needs”.
Globally, Walmart has charted out plans to meet its significant power needs through renewable sources of energy and also invest on water conservation.
“We have pledged to meet 50% of our energy needs through renewable energy and this partnership is testimony to the commitment. We are pleased that the rooftop solar plant has been commissioned at Agra and we will be monitoring the power generation through Amplus’ cloud based software. We are now ensuring that our upcoming stores in India are solar ready to adopt rooftop solar as well as other energy conservation technologies,” Mr. Krish Iyer, president & CEO at Walmart India said.
Walmart will monitor and track the energy consumption in all existing stores so as to constantly be on track to achieve efficiencies close to or better than the industry benchmark in India.
In April 2016, Amplus also commissioned India’s largest single-location rooftop solar installation for captive use of 4,130 kW for Yamaha Motors in Noida.
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