Amp Energy India, an Indian renewable energy developer with a total portfolio of 2.7 GW+, has secured up to $250 million from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China-based Asian Infrastructure Investment Bank (AIIB) to fund the company’s growth.
Amp Energy has a balanced portfolio of commercial and industrial and utility customers, providing clean and green energy solutions to customers across diverse sectors.
The latest investment in Amp Energy includes follow-on funding from SMBC. It marks ICG’s first investment in Asia-Pacific Infrastructure and AIIB’s first direct equity investment into an independent renewable power producer.
Rajat Misra, Director General-Infrastructure Investment Department (Region 1) at AIIB, said, “Supporting Amp Energy India with growth capital would contribute to greater leverage of AIIB’s funds and deliver stronger development impact in capacity addition. Our financing will also help the company attract long-term private capital to accelerate its business plan.”
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