Climate Fund Managers, Ampyr Energy announce commissioning of Somasamudra solar plant in Karnataka

NEW DELHI: (May 6) A climate-focused blended finance investment manager and a renewable energy platform have announced the successful commissioning of a solar plant in Karnataka, the Delegation of the European Union to India said on Wednesday.

Somasamudra Phase 1 solar PV plant is expected to generate over 118 GWh of clean electricity annually, avoiding over 97,000 tonnes of CO2 emissions each year, which is equivalent to the power used by approximately 1,25,000 people in India, it said in a statement.

"By utilising blending instruments to de-risk solar infrastructure, we are accelerating a new era of clean power for the industry. This project empowers businesses to transition away from fossil-fuel-dependent grids in favour of reliable, renewable energy, highlighting the strong partnership between the EU and India in driving the global energy shift," EU envoy Herv Delphin was quoted as saying in the statement.