AMPIN Energy Transition targets to add 10 GWp of renewable energy (RE) capacity in the next few years, spread across various segments including manufacturing of solar cells and modules, as well as storage capacity. 

The company has further committed to adding 25 GW of RE capacity in line with the government’s target of increasing the country’s non-fossil fuel capacity to 500 GW by 2030. Its portfolio is about four GWp and intends to take it to 10 GWp, while on the manufacturing side, it will take its capacity to five GW. 

The company will go for hybrid projects rather than firm and dispatchable renewable energy (FDRE) projects as it is more cost-effective and viable. In the green hydrogen segment, the company is focusing on distributed green hydrogen wherein the hydrogen is produced at or near the point of use, at a smaller scale, eliminating the cost of transportation and storage. On becoming cheaper, it will enter the transportation stage as well. 

The company, which is in the utility as well as the commercial and industrial (C&I) segment, aims to maintain a balance between the two.