US-based solar company SunEdison, which filed for bankruptcy in April, has sold its Indian on-site solar power assets to Amplus Energy Solutions.
The Indian firm is backed by US-based ISquared Capital, which invested $150 million in the firm in 2015. According to its website, Amplus owns and manages over 30 MW of operational and under-construction commercial and industrial on-site solar plants.
In January the company commissioned a 4 MW rooftop installation at a Yamaha Motors factory in Uttar Pradesh.
Sanjeev Aggarwal, Amplus managing director and CEO, said: ‘Following this acquisition, Amplus will operate over 150 distributed generation and rooftop systems across India. Amplus provides integrated project delivery, operations and maintenance to commercial and industrial customers. We continue to develop our rooftop portfolio and evaluate acquisitions in the renewable energy sector in India and beyond.’
COO Guru Inder Singh added, ‘The plants being acquired from SunEdison India have been built using high quality material and Amplus will ensure high uptimes and power throughput on the projects acquired. Amplus Energy’s remote monitoring centre in Gurgaon, and in-house SCADA system called iOTA, is custom designed for distributed generation and rooftop systems in Indian operating conditions.’