AMPIN Energy Transition

AMPIN Energy Transition
FormerlyAMP Energy India
Company typePrivate
ISININE00WL07017
IndustryRenewable energy
Founded2016; 9 years ago (2016)
HeadquartersNew Delhi, India
Key people
Pinaki Bhattacharyya [1]
(MD & CEO)
Products
Services
Websiteampin.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 (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]

History

[edit]

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]

Operations

[edit]

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

[edit]

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

[edit]
  • 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. [10]

Strategic partnerships

[edit]

Sumitomo Corporation

[edit]

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]

Copenhagen Infrastructure Partners

[edit]

In 2024, Expanded partnership with AMPIN Energy Transition. Focus on co-developing large-scale renewable energy projects across India.[12]

Siemens Financial Services

[edit]

In 2025, Invested $50 million in equity funding. Raised AMPIN’s total equity base to $700 million.[13]

Financials

[edit]

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]

See also

[edit]

References

[edit]
  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. ^ a b c Banerjee, Soumyajit (2024-09-30). "Critical Analysis of AMPIN Energy Transition: Assessing Its Strategic Decisions and Challenges". Open Access Cases. 1 (3).
  4. ^ www.ETEnergyworld.com. "AmpIn invests INR 3,100 crores to propel Eastern India's renewable energy landscape - ET EnergyWorld". 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. ^ Bureau, BL New Delhi (2024-11-19). "AMPIN Energy Transition expands partnership with Copenhagen Infrastructure Partners". BusinessLine. Retrieved 2025-07-05. {{cite web}}: |last= has generic name (help)
  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. ^ www.ETEnergyworld.com. "AmpIn invests INR 3,100 crores to propel Eastern India's renewable energy landscape - ET EnergyWorld". ETEnergyworld.com. Retrieved 2025-07-05.
  11. ^ "Japan's Sumitomo Corp enters renewable energy market in India". Reuters. 2024-09-13. Retrieved 2025-07-05.
  12. ^ Bureau, BL New Delhi (2024-11-19). "AMPIN Energy Transition expands partnership with Copenhagen Infrastructure Partners". BusinessLine. Retrieved 2025-07-05. {{cite web}}: |last= has generic name (help)
  13. ^ www.ETEnergyworld.com. "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million - ET EnergyWorld". ETEnergyworld.com. Retrieved 2025-07-05.
  14. ^ www.ETEnergyworld.com. "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million - ET EnergyWorld". ETEnergyworld.com. Retrieved 2025-07-05.

Further reading

[edit]


Retrieved from "https://en.wikipedia.org/w/index.php?title=AMPIN_Energy_Transition&oldid=1298919259"