AMPIN Energy Transition

AMPIN Energy Transition

Company type	Private
ISIN	INE00WL07017
Industry	Renewable energy
Founded	2016;9 years ago (2016)
Headquarters	New Delhi, India
Key people	Pinaki Bhattacharyya [1] (MD & CEO)
Products	Solar energy Wind energy
Services	Electricity generation Electric power distribution
Website	ampin.energy

AMPIN Energy Transition (formerly known as AMP Energy India) is an Indian renewable energy company founded in 2016. ^[2]

History

Founded in June 2016, ^[3] AET focuses on the development of renewable energy generation assets by grouping projects into manageable clusters. ^{[4] [5]} Each cluster is tailored with specific funding and execution plans based on geographical characteristics and requirements. ^[6]

In 2023, the company received investments from three financial institutions: the Asian Infrastructure Investment Bank, Sumitomo Mitsui Banking Corporation, and Intermediate Capital Group (ICG). ^{[7] [8]} It secured investments of up to $250 million from AIIB, SMBC and ICG, with an infusion of up to $125 million. ^[9] The total investment in AETPL to date is approximately $510 million. ^[10]

In March 2024, Oesterreichische Entwicklungsbank provided €25 million in long-term financing to support AMPIN's renewable energy portfolio and the establishment of a 1GW domestic solar cell and module manufacturing facility in the state of Odisha. ^[11] Additionally, significant investments are planned for the states of West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and states in the Northeast region. ^[12]

In May 2024, the company received an investment from responsAbility, an impact asset manager specializing in private market investments based in Switzerland. As part of its $500 million climate investment strategy targeting CO2 emissions reduction in Asia, responsAbility invested $35 million in AMPIN on behalf of its investors. ^[13]

Operations

As of August 2024, AMPIN has an operational portfolio of 1,094.81MW (DC) and about 3 GW(DC) was under development. ^[6]

List of State-wise capacity

As of August 2024, the company has a portfolio of 4 GWp spanning 21 states in India. By 2030, it is targeting an installed capacity of 25 GW. ^{[6] [14]}

States	Project Capacity (MW)
Karnataka	1478.8
Rajasthan	901
Andhra Pradesh	740
Uttar Pradesh	296.2
Maharashtra	292
Madhya Pradesh	142.2
Gujarat	82.5
Jharkhand	80.9
Haryana	75
Orissa	60
Telangana	28.6
Tamil Nadu	21
West Bengal	10.5
Kerala	7.9
Rest of India	37.9
Total	4254.5

References

1. "AmpIn Energy Transition plans Rs3100cr investment in Eastern Region". Economic Times. Retrieved 21 March 2024.
2. "Amp Energy raises $250 million from SMBC Bank of Japan, ICG and AIIB". The Economic Times. Retrieved 2024-03-21.
3. Arora, Kunal (2021-09-07). "CARE Ratings - AMP Energy India Private Limited" (PDF). CARE Ratings. Retrieved 2024-03-21.
4. Murkute, Rajashree; Arya, Jatin; Ahmad, Md. Rizwan (25 October 2023). "CAREEdge Ratings - AmpIn Energy Transition Private Limited" (PDF). CARE Ratings. Retrieved 30 January 2025.
5. Arya, Jatin (28 July 2022). "CAREEdge Ratings - AMP Energy India Private Limited (Revised)" (PDF). CARE Ratings. Retrieved 30 January 2025.
6. Banerjee, Soumyajit (2024-09-30). "Critical Analysis of AMPIN Energy Transition: Assessing Its Strategic Decisions and Challenges". Open Access Cases. 1 (3).
7. PTI (2023-06-12). "Amp Energy secures $250-mn funding from SMBC Bank of Japan, ICG, AIIB". The Hindu. ISSN   0971-751X . Retrieved 2025-01-30.
8. "SMBC, 2 others to invest $250 mn in Amp Energy India". mint. 2023-06-11. Archived from the original on 2024-05-25. Retrieved 2025-01-30.
9. "Amp Energy secures $250 million funding from SMBC Bank of Japan, ICG, AIIB". BusinessLine. 2023-06-12. Retrieved 2024-03-28.
10. admin (2023-12-06). "AmpIn Energy Transition: Growing presence in the renewable C&I space". Power Line Magazine. Retrieved 2024-03-28.
11. "AmpIn Energy Transition to set up RE capacity of over 600 MW". BusinessLine. 2023-11-25. Retrieved 2025-01-30.
12. "AMPIN Energy Transition secures EUR 25 million investment from OeEB for renewable energy expansion". BusinessLine. 2024-03-29. Retrieved 2025-01-17.
13. Kala, Rishi Ranjan (2024-05-07). "responsAbility to invest up to $35 million in AMPIN Energy Transition". BusinessLine. Retrieved 2025-01-17.
14. Bharadwaj, Arunima (2024-10-02). "AMPIN Energy aims to add 25 GW of RE capacity by 2030". The Financial Express (India) . Retrieved 2025-01-30.

Further reading

• Singh Dhanjal, Swaraj (2 August 2021). "Copenhagen Infrastructure Partners invests $100 mn in Amp Energy India". Mint . Retrieved 30 January 2025.
• Rajesh Kumar, J Charles; Majid, MA (29 January 2023). "Advances and development of wind–solar hybrid renewable energy technologies for energy transition and sustainable future in India". Energy & Environment . 35 (5). Sage Journals.
• Jha, Samant; Middha, Peeush (17 November 2023). India Ratings Assigns Amp Energy Distributed Generation One’s Term Loan ‘IND BBB+’; Outlook Stable (Report). India Ratings & Research. Retrieved 30 January 2025.
• Report on Under-construction Renewable Energy Projects - December 2023 (निर्माणाधीन नवीकरणीय ऊर्जा परियोजना रिपोर्ट - दिसंबर 2023) (PDF) (Report). Renewable Project Monitoring Division, Central Electricity Authority of India. 31 December 2023.
• Golubkova, Katya (13 September 2024). Potter, Mark (ed.). "Japan's Sumitomo Corp enters renewable energy market in India". Reuters . Retrieved 30 January 2025.
• "AMPIN Energy secures 27MWp solar project in Maharashtra". Hindu Business Line . 28 October 2024. Retrieved 30 January 2025.