Metro Cash & Carry partners with Amplus Energy Solutions for Solar Rooftop projects

Bangalore, January 12, 2017: METRO Cash & Carry, India’s leading wholesaler has partnered with Amplus Energy Solutions to install solar rooftop projects at selected METRO outlets across India. METRO will begin with solar rooftop units at 5 of its outlets in Telangana, West Bengal and Punjab, and intends to follow up with more installations in the coming months. With this partnership, Amplus would invest around INR 25 crore to install rooftop solar on the METRO outlets across the selected states - Rajasthan, Telangana, Andhra Pradesh, Punjab and West Bengal.

Metro Cash & Carry plans to reduce its CO2 emissions by 1,72,500MT or reduced consumption of 12,75,000 barrels of crude oil which will be equivalent to planting 2.15 lakh trees in India with this installation. The Gurgaon-based Amplus will install the solar at METRO outlets, operate and maintain the project for a minimum period of 25 years.

Speaking on the partnership, Mr. Arvind Mediratta, Managing Director & CEO, METRO Cash & Carry, said “This association will help us drastically reduce our dependence on coal or diesel based power generation for our outlets and move to clean and renewable energy consumption. As a responsible player, we have been operating on solar thermal systems and photovoltaic arrays in its stores for several years now in other countries.” He further added, “Amplus solar units will be economical on the power consumption cost by reducing the power generated per unit.”

Amplus is on a rapid growth path and is looking to further expand its geographic footprint in India and hire resources. Amplus is currently serving more than 30 clients in 200+ locations across India. Going forward, Amplus has plans to achieve 100MW of solar rooftop projects in this fiscal year with over 50MW already clocked in.

Speaking about this project, Mr. Sanjeev Aggarwal, Managing Director & CEO, Amplus Energy said “The large format retail outlets provide a perfect avenue for us to install solar rooftop panels. Metro Cash & Carry in India has been making big inroads in Indian retail sector and we would like to be part of their growth story by helping them cut down their emissions by installing solar rooftop system. We are very excited to work with them to meet their clean energy requirements in India”.

Industry experts believe the Indian rooftop market is currently growing at over 100% annually. The government aims to increase energy sourced from solar rooftop systems to 40 gigawatts by 2022.

About Metro Cash and Carry:

METRO Cash & Carry is represented in 25 countries with over 750 self-service wholesale stores. With a headcount of more than 100,000 employees worldwide, the wholesale company achieved sales of around €29 billion in financial year 2015/16. METRO Cash & Carry is part of the METRO AG Wholesale & Food Specialist Company. The METRO AG Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO AG W&FS Co. operates in 35 countries and employs more than 140,000 people around the world. In 2015/16, METRO AG W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers. METRO Cash & Carry entered the Indian market in 2003. The company currently operates twenty-three wholesale distribution centres including six in Bangalore, three in Hyderabad, two each in Mumbai and Delhi, and one each in Kolkata, Ludhiana, Jaipur, Jalandhar, Zirakpur, Amritsar, Vijayawada, Surat, Indore and Lucknow.

About Amplus Energy Solutions Pvt. Ltd.

Amplus Energy Solutions is a leader in providing distributed solar and energy solutions to industrial and commercial customers in India. Amplus owns and manages a portfolio of operational and under-construction plants totalling more than 50,000 kW, serving more than 30 customers at over 200 locations under its brand ‘Amplus Solar’ and ‘M+ Solar’. Amplus is backed by I Squared Capital, a global private equity fund focused on developing long-term sustainable infrastructure assets globally. Amplus employs more than 100 people with offices in 5 major cities across India and has one of the largest specialised team of experienced professionals for the rooftop and distributed generation segment.

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