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“Amplus Solar is a dedicated distributed (rooftop) solar power developer catering to industrial and commercial clients. Our clients include manufacturing organizations across Automotive, FMCG, Consumer Durables, Pharma, Foods etc. and commercial establishments like Educational institutes, Hospitals & Healthcare, Office buildings, Malls etc.
Our key business proposition is Solar Power with Zero Capital, No Maintenance and Guaranteed Savings from Day 1. The client pays per unit rate for the electricity generated by the plant, which is cheaper than the current Grid Price.
Amplus works on the Opex /BOOT (Build-Own-Operate-Transfer) model.
The major features of our business model are: –
1 We set up on-site solar power plants (on rooftops, as carports, on grounds and/or on superstructures). These plants integrate seamlessly with the clients’ existing grid and/or DG system
2 The solar plants are set up entirely on our own cost and are also maintained by us throughout the project term.
3 Amplus enters into a long term (15-25 years) Power Purchase Agreement (PPA) with its clients. At the end of the PPA term, the plant is transferred free of cost (usually INR 1) to the client.
4 As the minimum life of the solar plant is 25 years, the client usually enjoys at least 5-10 years of free electricity from the solar plant.
5 The electricity price for solar power is agreed for the entire PPA period at the beginning of the agreement. This price is always lower than the client’s existing grid tariff, ensuring continuous savings to the client throughout the PPA term.
6 Amplus bills its clients every month on the basis of actual energy generated by the solar plant. This ensures that the entire performance risk is borne by us as we only get paid for what we generate.
7 We ensure that our solar plant has a 99%+ Uptime
8 We undertake stiff plant performance targets and agree to compensate the client if such targets are not met.
Our core strengths include: –
a Solar expertise: Amplus is run by experts in the power sector. We are among the few companies that have end to end in-house capabilities across all aspects – including Design, Engineering, Procurement, Construction, Monitoring and Maintenance.
b World class organization: We follow global best practices across Products, Process, Technology and Safety
c Rooftop focus: We are entirely dedicated to the distributed (rooftop) sector – this has given a unique advantage in understanding this space as compared to other leading players. For most others, the rooftop segment forms a very small percentage of their overall business, not allowing them the focus required to address the unique challenges of this sector (grid scale and rooftop plants differ immensely in terms of issues and challenges).
d Strong Financials: Amplus has an equity investment of US$ 150 million from I Squared Capital, a US based PE fund that focuses on Infrastructure. This translates into quick implementation without the need for third party investors.
e Agility and responsiveness: With our quick turnaround times – from capacity analysis, commercial proposal, site specific customization etc. to our speedy, committed-timeline implementation, Amplus ensures that the Customer is at the heart of the organization. Our high repeat rates bear testimony to our customer service orientation”