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AMPIN Energy Transition expands its existing collaboration with Copenhagen Infrastructure Partners
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USD ~300 million joint equity investments towards large RE projects
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Would enable the addition of ~2 GWp of renewable energy projects across India
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This new partnership along with the existing one is creating a USD 2.7 to 3 billion renewable energy asset base in India.
New Delhi, India – AMPIN Energy Transition, India’s leading renewable energy company and Copenhagen Infrastructure Partners (CIP) have announced an agreement to enter a second partnership with a view to enable another ~2 GWp of renewable energy projects across India. This new investment in excess of USD 300 million would help create a renewable energy asset base of approx. USD 1.5 billion.
The new partnership follows the existing partnership that AMPIN and CIPentered in 2021to enable joint equity investments of initially USD ~200 million in renewable energy projects in India. The partnership has since been extended with further investments of USD ~100 million to allow for an expansion of the portfolio from the initial target of 1.7 GWp to ~ 2.4GWp of projects thus creating a renewable energy asset base of USD 1.2-1.5 billion
For this second partnership, AMPIN Energy Transition and CIP are initially targeting a portfolio of ~2 GWp, expected to comprise of solar, wind, hybrid and storage technologies. The partnership will focus on large-scale and central grid connected renewable energy projects in India.
Pinaki Bhattacharyya, Founder, MD and CEO of AMPIN Energy Transition commented on the extended partnership: “We’re happy by the continued confidence shown by CIP in our vision and growth plans. This deepened partnership not only strengthens our ability to expand our impact and accelerating India’s renewable energy transition but it also reinforces our shared commitment to driving innovation and sustainable value creation. Together, we’re building an asset base that will contribute meaningfully to India’s energy independence and sustainable growth goals.”
Partner at CIP Peter Sjøntoft said: “India is one of the world’s most important and dynamic renewable energy markets and a key focus for our Growth Markets Funds. We are very happy to be expanding our collaboration with our trusted partners at AMPIN Energy Transition as an important part of our investment portfolio in renewable energy in India. We look forward to realizing the portfolio of new projects which will contribute to local growth and job creation while delivering attractive returns for our investors.”
AMPIN Energy Transition is a key player in India’s renewable energy landscape actively advancing utility-scale solar, wind, and hybrid projects supported by strategic complementary initiatives, such as energy trading, solar cell and module manufacturing, green hydrogen development, and energy storage solutions, all aimed at enabling 100% energy transition.
About AMPIN Energy Transition
AMPIN Energy Transition is India’s leading renewable energy transition company with a total portfolio of ~4 GWp spread across 21 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AMPIN Energy Transition has a balanced portfolio of renewable energy assets using a blend of solar, wind and storage to provide green power to Utility and Commercial & Industrial Customers. It has a unique capability to provide renewable energy for 100% energy transition as well as reduce the operating costs of marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Data Centres, Utilities and Government bodies. In addition to its core renewable energy generation business, AMPIN’s Energy Transition Enablers enhance its competitive edge by driving strategic initiatives in energy trading, solar cell and module manufacturing, green hydrogen, and energy storage, allowing it to become one of India’s leading energy transition players. AMPIN is driven by an industry leading team and backed by leading institutional investors from Europe, Asia and North America.
About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages 12funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14offices around the world.
