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Renewable Energy Investments
Solar with Ample Solar Pvt. Ltd.
Ample Solar Pvt. Ltd. is at the forefront of India's renewable energy revolution, offering investors a unique opportunity to participate in a government-backed, low-risk, high-yield solar investment program under AkshayUrja Setu.
Investment Highlights
AkshayUrja Setu
The AkshayUrja Setu Project is an initiative under the Gujarat Renewable Energy Policy 2023, designed to facilitate the development of small-scale solar and wind power projects.
Key Objectives:
- Promote Distributed Renewable Energy Projects: Encourages small developers and investors to participate in renewable energy generation.
- Simplify Approvals: Provides a single-window clearance system for project registration, approvals, and PPA signing.
- Support Renewable Purchase Obligations (RPOs): Helps DISCOMs and industries fulfill mandatory RPOs.
- Boost Gujarat’s Renewable Energy Capacity: Aligns with India’s goal of achieving Net Zero emissions by 2070.
Scheme Overview & Key Features
- Enables small developers and investors to build renewable projects.
- Capacity Range:
Solar: 500 kW to 5 MW - Simplified Approval Process: Single-window clearance.
- Tariff Stability: Fixed tariff ensures predictable income for 25 Years.
- Focus on Distributed Energy: Encourages localized clean energy generation.
- Support for RPOs: Helps DISCOMs meet mandatory renewable energy targets.
Elegibility Criteria
- Who Can Apply:
Individuals, companies, bodies corporate, or associations, whether incorporated or not.
New projects using MNRE-approved solar PV modules. - Capacity Limits:
Solar projects: 500 kW to 5 MW (AC capacity). - Restrictions:
Projects already registered under Renewable Energy Certificates (RECs) or existing PPAs are ineligible.
Only new plant and machinery are allowed.
Application and Workflow
- Step 1: Register on the AkshayUrja Setu Portal and submit project details.
- Step 2: Secure land and provide connectivity plans.
- Step 3: Sign the Power Purchase Agreement (PPA) with the DISCOM within 15 days of the Letter of Award (LoA).
- Step 4: Commission the project within the stipulated timeline (12 months for solar)
- Step 5: Begin power generation and supply to the grid.
- Registration Fee: ₹10,000/MW (non-refundable).
- Performance Bank Guarantee (PBG): ₹10 Lakh/MW to ensure timely project commissioning.
Conlusion : A Secure, Profitable, & Sustainable Investment
The AkshayUrja Setu Project represents a win-win opportunity for investors by combining:
- Low Risk of Tariff Volatility: Fixed tariff eliminates revenue uncertainty.
Force Majeure Provisions: Protection against delays or interruptions caused by unforeseen events (e.g., natural disasters). - Clear Capacity Utilization Factor Guidelines: Ensures stable energy production with minimal penalties for deviations.
- Policy stability.
- Environmental sustainability.