SEPTEMBER 20239TOP STORYTOP STORYThe New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP), the state's green hydrogen market represents a $15 billion investment opportunity. Aiming to create 500 KTPA (kilotons per annum) of green hydrogen by 2030, Andhra Pradesh could potentially. About 70 percent of this investment is anticipated to go towards building out the infrastructure for renewable energy sources, with the remaining funds going towards increasing the capacity of the electrolyzers. NREDCAP undertook this project with assistance from the Foreign, Commonwealth, and Development Office. The managing director of NREDCAP, S Ramana Reddy, stressed that Andhra Pradesh now has a domestic hydrogen demand of 400 KTPA, or about eight percent of India's industrial hydrogen consumption. The expected Compound Annual Growth Rate (CAGR) (for this demand) is three percent. AmpIn Energy Transition announced that as part of a cooperation, it will provide 4.5 MW of solar energy to Allana Group. AmpIn Energy Transition, the power offtake will raise the amount of renewable energy used at the Allana Group factory in Aligarh, Uttar Pradesh, to nearly 50 percent of the entire energy mix. "AmpIn Energy Transition has solidified a strategic partnership with Allana Group to provide 4.5MW of solar power to its plant in Aligarh," the announcement read.AmpIn Energy Transition, the power will come from its 30 MW Mishrikh Solar Project. "With this offtake of 4.5MWp Solar Power, we will be taking Renewable Energy (RE) Replacement to about 50 percent of our Total Energy Mix at Our Aligarh Plant," stated Ajay Mittal, Director (Engineering, Services & Projects), Allana Group.Pinaki Bhattacharyya, CEO and MD of AmpIn Energy Transition, the business will keep assisting its clients in obtaining 100 percent renewable energy and reaping substantial economic and environmental benefits.AMPIN ENERGY TO SUPPLY 4.5 MW SOLAR POWER TO ALLANA GROUP PLANT IN ALIGARHANDHRA PRADESH SEEKS A $15 BILLION OPPORTUNITY FOR GREEN HYDROGEN INVESTMENT
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