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Ampin Energy Transition $35 million to expand solar capacity in India

Power Generation  -  May 08,2024  - 

AMPIN Energy Transition has bagged funding of up to $35 million from responsability, an investor focusing on private markets, to help AMPIN expand its clean energy projects across India.

The investment is part of responsAbility's $500 million plan to fight climate change in Asia and is the company's biggest climate investment yet and will.

This aligns with the responsAbility's investor goal of funding solutions that benefit both society and the environment in developing countries.

AMPIN has a diverse portfolio that exceeds 3GW, serving businesses and utilities across 21 states. With the backing of prominent global investors, AMPIN aims to reach 10 GW by 2030.
The funds will be used by AMPIN for various clean energy projects, especially solar power, for businesses and industries across different sectors in India.

This includes manufacturing, auto, healthcare, and data centers.

By 2030, AMPIN plans to increase its capacity tenfold and contribute to India's ambitious goal of 500 GW of renewable energy.

 

Company : AMPIN Energy Transition

responsAbility