Formerly | AMP Energy India |
---|---|
Company type | Private |
ISIN | INE00WL07017 |
Industry | Renewable energy |
Founded | 2016 |
Headquarters | New Delhi, India |
Key people | Pinaki Bhattacharyya [1] (MD & CEO) |
Products | |
Services | |
Website | ampin |
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 (C&I) customers. As of 2025, it had a 5 GW portfolio across 22 Indian states, with plans to reach 10 GW in operating capacity and a 25 GW project pipeline by 2030. [2]
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 C&I renewable energy projects in India, marking its entry into the Indian market. [7]
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]
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 |
In 2024, Entered a joint venture with AMPIN Energy Transition by acquiring a 49% stake.The collaboration focuses on developing commercial and industrial (C&I) renewable energy projects in India. [11]
In 2024, Expanded partnership with AMPIN Energy Transition. Focus on co-developing large-scale renewable energy projects across India. [12]
In 2025, Invested $50 million in equity funding. Raised AMPIN’s total equity base to $700 million. [13]
In FY 2024–25, AMPIN raised US$50 million from Siemens Financial Services, bringing its total equity capital base to approximately US$700 million. [14]
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