AMPIN Energy Transition

AMPIN Energy Transition

Formerly	AMP Energy India
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 (Pvt.) Ltd. (AMPIN or AET) is an Indian renewable energy company that develops, owns, and operates solar, wind, and hybrid power projects for both utility-scale and commercial-and-industrial customers. As of 2025, it had a 5 GW portfolio across 23 Indian states, with plans to reach 10 GW in operating capacity and a 25 GW project pipeline by 2030. ^[2]

History

AMPIN was incorporated in 2016 and operated under the name AMP Energy India until it rebranded to AMPIN Energy Transition in 2022. ^[3]

In 2023, the company announced a ₹3,100-crore investment plan in eastern India to build more than 600 MW of renewable capacity and a 1.3 GW solar cell and module manufacturing facility. ^[4]

In 2024, the company reached financial closure for a 200 MWp solar-wind hybrid project in Rajasthan. ^[5]

In the same year, it expanded its partnership with Copenhagen Infrastructure Partners to jointly develop large-scale renewable energy projects in India. ^[6]

In September 2024, Japan’s Sumitomo Corporation acquired a 49% stake in a joint venture with AMPIN to develop commercial-and-industrial renewable energy projects in India, marking its entry into the Indian market. ^[7]

Operations

The company develops projects under cluster-based development strategies in multiple states. These include solar, wind, hybrid, and battery energy storage solutions. AMPIN’s customers span utilities, commercial and industrial enterprises, and government bodies. ^[3]

List of State-wise capacity

As of August 2024, AMPIN Energy Transition has approximately 4 GWp of portfolio across 21 Indian states, with a 2030 target of 25 GW total capacity. ^{[3] [8]}

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

Major projects

• Solar-wind hybrid, Rajasthan – 200 MWp capacity with a 25-year PPA to SECI, financial closure completed in October 2024. ^[9]
• Eastern India expansion – 600+ MW projects and a 1.3 GW solar module facility planned across six eastern and northeastern states. ^[4]

Strategic partnerships

Sumitomo Corporation

In 2024, Entered a joint venture with AMPIN Energy Transition by acquiring a 49% stake.The collaboration focuses on developing commercial and industrial renewable energy projects in India. ^[10]

Copenhagen Infrastructure Partners

CIP Meet

In 2024, Expanded partnership with AMPIN Energy Transition. Focus on co-developing large-scale renewable energy projects across India. ^[6]

Siemens Financial Services

Strengthening collaboration for a cleaner tomorrow, Siemens and Ampin Energy Transition

In 2025, Invested $50 million in equity funding. Raised AMPIN’s total equity base to $700 million. ^[12]

Financials

In fiscal year 2024–25, AMPIN raised US$50 million from Siemens Financial Services, bringing its total equity capital base to approximately US$700 million. ^[12]

Awards

• Awarded Best Solar Initiative at the ET EnergyWorld Rajasthan Business Awards 2024. ^[13]

• Won the Utility-Scale Solar Developer award at the Mercom India Renewable Industry Awards 2024. ^[14]

• Recognized as a top Utility-Scale Developer at the Mercom India Renewable Industry Awards 2023. ^[15]

• Honored for excellence in solar project development at the Mercom India Solar Awards 2022. ^[16]

• Recognized as a leading renewable energy developer at the Renewable Energy India (REI) Awards. ^[17]

See also

• Renewable energy in India
• List of solar power stations in India

References

1. "AmpIn Energy Transition plans Rs3100cr investment in Eastern Region". Economic Times. Retrieved 21 March 2024.
2. "AMPIN Energy Transition secures $35 million funding". The Economic Times. 2024-05-07. ISSN   0013-0389 . Retrieved 2025-07-05.
3. Banerjee, Soumyajit (2024-09-30). "Critical Analysis of AMPIN Energy Transition: Assessing Its Strategic Decisions and Challenges". Open Access Cases. 1 (3).
4. "AmpIn invests INR 3,100 crores to propel Eastern India's renewable energy landscape". ETEnergyworld.com. Retrieved 2025-07-05.
5. "Ampin Energy Transition achieves financial closure for a 200MWp solar wind hybrid project in Rajasthan". The Economic Times. 2024-10-17. ISSN   0013-0389 . Retrieved 2025-07-05.
6. "AMPIN Energy Transition expands partnership with Copenhagen Infrastructure Partners". BusinessLine. 2024-11-19. Retrieved 2025-07-05.
7. "Japan's Sumitomo Corp enters renewable energy market in India". Reuters. 2024-09-13. Retrieved 2025-07-05.
8. 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.
9. "Ampin Energy Transition achieves financial closure for a 200MWp solar wind hybrid project in Rajasthan". The Economic Times. 2024-10-17. ISSN   0013-0389 . Retrieved 2025-07-05.
10. "Japan's Sumitomo Corp enters renewable energy market in India". Reuters. 2024-09-13. Retrieved 2025-07-05.
11. www.ETEnergyworld.com. "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million". ETEnergyworld.com. Retrieved 2025-09-09.
12. "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million". ETEnergyworld.com. Retrieved 2025-07-05.
13. "Shortlisted Users – Rajasthan Business Awards 2024". ET EnergyWorld. Retrieved 24 July 2025.
14. "Winners of Mercom's 2024 Renewable Energy Industry Awards". Mercom India. 11 April 2024. Retrieved 24 July 2025.
15. "Mercom Announces Winners of 2023 India Renewable Energy Awards". Mercom India. 28 April 2023. Retrieved 24 July 2025.
16. "Mercom Announces Winners of the 2022 India Solar Awards". Mercom India. 26 April 2022. Retrieved 24 July 2025.
17. "REI Awards – Recognising Excellence in the Renewable Energy Sector". Renewable Energy India Expo. Retrieved 24 July 2025.

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.