Amplus Solar Your Partner for a Greener World Sales & Marketing Industry: Renewables & Environment Type: Privately Held HQ: Building 2, 14th Floor Vatika Business Park, Sohna Road Gurgaon, Haryana Size: 11-50 employees Founded: 2008 Specialties: Solar, Rooftop Solar, Energy Advisory, Renewables, Solar RESCO, PPA Solar, BOOT

Solar, Energy Sanjeev Aggarwal - Managing Director & CEO - Founder Guru Inder Mohan Singh - Chief Operating Officer - Founder Amplus Solar

One of Indias largest dedicated distributed solar power companies

Run by veterans of the power industry with significant experience of developing, constructing and operating power plants.

Constructs and operates distributed rooftop solar projects for industrial and commercial customers under long-term power purchase agreements

With the investment from I Squared Capital, Amplus seeks to expand its footprint and become a leader in rooftop solar in India and Southeast Asia.

Setting up a state-of-the-art centralized monitoring facility in the outskirts of Delhi

Rapidly growing its marketing, project and field teams across India Why Amplus

Strong Financials Amplus investments are backed by I-Squared Capital, a US based Private Equity fund with $3 bn of assets under management. That means quick implementation without any third party investors

Solar Expertise Delivered more than 50 MW of Solar Projects. Experience of over 300 rooftop projects. We follow global best practices across all areas process, products, technology, and EHS standards.

Focus on Best Solution With our end to end in-house capabilities including designing, procurement, engineering, permitting, and project management and monitoring, we offer customized solar solutions that best meet your needs.

Management With over 150 years of collective experience in the best power companies across the world, our people are committed to deliver only the best.

Why Solar

Go Green, Save Money!

Your Own Solar Plant with ZERO InvestmentHassle Free Maintenance; Real-time Analytics

Seamless Integration With Your Existing SystemGuaranteed savings every day

High Performance Solar TechnologyFocus on Reliability and Safety

Proprietary Design for Optimum GenerationGuaranteed Delivery Timelines I Squared Capital Partners with Amplus to Create a Leader in Distributed Rooftop Solar Power in India August 24, 2015 04:30 AM Eastern Daylight Time Meeting such a goal requires substantial investment from both the public and private sectors SINGAPORE--(BUSINESS WIRE)--I Squared Capital, through its ISQ Global Infrastructure Fund, is pleased to announce an investment in Amplus Energy Solutions Private Limited (Amplus), an owner and operator of distributed rooftop solar power in India. Amplus constructs and operates distributed rooftop solar projects for industrial and commercial customers under long-term power purchase agreements. Rooftop solar power eliminates the need for costly and inefficient transmission by generating and consuming electricity within the same area. According to the Central Electricity Authority (CEA), power generation in India produced 0.82 metric tonnes of carbon dioxide for every megawatt hour of net electricity generated in 2014. In contrast, Amplus generates power with zero emissions, while at the same time enabling its customers to lower their long-term electricity costs. The current Amplus portfolio contains projects for diverse customers, including leading multinational companies. Amplus was founded in 2012 and is run by veterans of the power industry with extensive experience in global companies like AES, NTPC, Mirant and SBI Capital Markets. With the investment from I Squared Capital, Amplus seeks to expand its footprint and become a leader in rooftop solar in India and Southeast Asia. Amplus is setting up a state-of-the-art centralized monitoring facility in the outskirts of Delhi and growing its project and field teams across India. Distributed or rooftop solar is a green technology that can provide significant economic and environmental benefits. Under the Modi government, the Ministry of New and Renewable Energy has targeted the development of 40 gigawatts of rooftop solar by 2020. Meeting such a goal requires substantial investment from both the public and private sectors, said Gautam Bhandari, Partner at I Squared Capital. We are proud to partner with Amplus to bring this efficient and sustainable technology to more customers in India and beyond. Amplus is setting up an office in Singapore to pursue opportunities there as well as in other Southeast Asian countries. Rooftop solar installed by Amplus allows industrial and commercial customers to lower their electricity bills

with no upfront capital costs, said Sanjeev Aggarwal, CEO of Amplus. We provide construction capital, guaranteed implementation timelines as well as ongoing operations and maintenance. Our power purchase agreements offer customized tariff options lower than grid tariffsthe resulting savings can begin from day one of installation. With sizeable backing from I Squared Capital, we now have the resources and capital to build a leading distributed solar company in India and Southeast Asia. About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

About the company: Organisation: Amplus Solar is a leading distributed solar power company with pan-India operations. It designs, engineers, constructs, finances, owns and operates rooftop solar energy systems. It is one of the largest rooftop operations of Build operate own transfer or B.O.O.T model in India. About B.O.O.T or opex model In this, Amplus will install the rooftop solar for

consumers and also owns the risks of planning, constructing, operating and maintaining the project for a specified time period

During this time, Amplus will charge the consumer who use the infrastructure that's been built to realize a profit

And, at the end of the specified period, the ownership of the solar heater is transferred back to the consumer either freely or for an amount stipulated in the original contract

Contrary to this is the Capex model, in which the installation is done at full price and the entire solar panel is transferred to consumer soon after

Key Personnel Sanjeev Aggarwal, Promoter & MD Sanjeev promoted the company in 2010, prior

to which he was the Energy and Business Development Director of AES Chhattisgarh since 2004.

Prior to that, Sanjeev has also had various stints in working with the power and infrastructure sector in CRISIL, Vedaris, Mirant Asia Pacific and SBICaps

He is an alum of IIMA and Jamia Millia Islamia Honors: Is a member of Renewable Committee, FICCI

since May 2015 Has won the FICCI young leader award in 2013 Member, Infrastructure Committee of

AmCham India Member, FICCI Power Committee Advisory Council, National Power Training

Institute, Government of India

Other key people Vikas Sareen, GM- Technical (Solar) Has been with the company since 2013, prior to which was with AGM and Azure Power. Is an alum of Jamia Millia Islamia. Abhishek Goyal, Financial Analyst Joined Amplus in 2013, prior to which was associated with AES, IL&FS Private Equity and Reliance infrastructure Limited. Holds a bachelors degree from PEC and has attended courses on Corporate restructuring, Corporate Finance, Options, Futures, derivatives from IIMC Ritu Lal, Director - Business Development Has been with the company since 2014, prior to which she has been assosciated with DSM & Glaxo SmithKline. Holds an MBA from FMS, Delhi Guru Inder, Director Joined Amplus in 2012, prior to which was in Azure Power, AES and PFC. Is an alum of IMT

Recent News Growth focus: The company aims to be a pure play BOOT rooftop operator in India over the short term. It plans to add 30 - 40 sites over this period Fresh funding: I Squared capital to invest $150 million in Amplus

Questions Focus your questions on the following depending on the speaker: Sustainability of the BOOT model Acceptance by companies as well as retail

consumers to paying for Solar energy Initiatives that government can further take to

improve renewable energy consumption in India

KEY FEATURES:

1. Backed by I-Squared Capital having $3bn Asset under management. That means quick implementation without any third party investors

2. Delivered more than 50 MW of Solar Projects. Experience of over 300 rooftop projects. We follow global best practices across all areas process, products, technology, and EHS standards.

3. With our end to end in-house capabilities including designing, procurement, engineering, permitting and project management and monitoring, we offer customized solar solutions that best meet your needs.

4. With over 150 years of collective experience in the best power companies across the world, our people are committed to deliver only the best.

Working Model:

The team at Amplus Solar brings its understanding of technology, regulatory framework and the power market as a whole to its customers.

It understands the customers requirements and offers a customized solution, be it the sizing of the plant or the mounting arrangement of solar modules.

Our depth of understanding of the power market helps us in forming a view on the long term movement of the grid pricing, availability of grid power and the consequent running of diesel generators; both of these help the customer appreciate the long term certainty on solar pricing and savings.

Above all, the transparent approach and the in-depth knowledge help in convincing the client that our association is going to be win-win solution

OPEX/BOOT MODEL:

Under this model, Amplus will invest and maintain the plant and the customer pays only for energy.

Capex model is when the customer invests.

At Amplus Solar, we believe that the opex model is a sustainable growth model where customers will find it a real source of value since it transfers the risk to the party that is best equipped to manage it.

For example, if a hotel installs a rooftop solar system on the capex model, it assumes on itself, various risks, including the technology selection, design, O&M and performance risks. For a hotel or an educational institution or an industry, it would rather focus on its core business than allocate resources to a solar project and that too for the long term.