AMPIN Energy secures $35 million from responsAbility

Share

AMPIN Energy Transition, a renewable energy transition company in India, has secured $35 million investment from Swiss impact investor responsAbility to accelerate the development of its renewable energy projects across India.

The investment is part of responsAbility’s $500 million climate investment strategy, which it launched in 2023, together with Germany’s development bank KfW and the Dutch development bank FMO. The strategy is to make an active contribution to CO2 reduction in Asia through targeted investments in low-emission technologies such as renewable energy, battery energy storage, electric mobility, energy efficiency and circular economy and offers institutional investors attractive investment opportunities.

The $35 million investment in AMPIN represents responsAbility’s most substantial commitment to climate financing to date and will help AMPIN in growing its renewable energy portfolio across India.

Headquartered in India, AMPIN Energy Transition plans to increase its operating renewable energy capacity to 10 GWp by 2030. Currently, it has a balanced portfolio of more than 3 GWp catering to both commercial & industrial (C&I) and utility customers. It has developed multiple projects across 21 states in the country and is backed by strong marquee investors from across the globe.

The funds from responsAbility will enable AMPIN to undertake a range of projects under its various special-purpose vehicles, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India. This includes manufacturing, auto & auto ancillary, pharma, healthcare, hospitals, FMCG and data centers.

 

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.