AMPIN Energy Transition
| 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 (formerly known as AMP Energy India) is an Indian renewable energy company founded in 2016.[2]
History
[edit]Founded in June 2016,[3] AET focuses on the development of renewable energy generation assets by grouping projects into manageable clusters.[4][5] Each cluster is tailored with specific funding and execution plans based on geographical characteristics and requirements.[6]
In 2023, the company received investments from three financial institutions: the Asian Infrastructure Investment Bank, Sumitomo Mitsui Banking Corporation, and Intermediate Capital Group (ICG).[7][8] It secured investments of up to $250 million from AIIB, SMBC and ICG, with an infusion of up to $125 million.[9] The total investment in AETPL to date is approximately $510 million.[10]
In March 2024, the Development Bank of Austria (Oesterreichische Entwicklungsbank AG), provided €25 million in long-term financing to support AMPIN's renewable energy portfolio and the establishment of a 1GW domestic solar cell and module manufacturing facility in the state of Odisha.[11] Additionally, significant investments are planned for the states of West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh, and states in the Northeast region.[12]
In May 2024, the company received an investment from responsAbility, an impact asset manager specializing in private market investments based in Switzerland. As part of its $500 million climate investment strategy targeting CO2 emissions reduction in Asia, responsAbility invested $35 million in AMPIN on behalf of its investors.[13]
Operations
[edit]As of August 2024, AMPIN has an operational portfolio of 1,094.81MW (DC) and about 3 GW(DC) was under development.[6]
List of State-wise capacity
[edit]As of August 2024, the company has a portfolio of 4 GWp spanning 21 states in India. By 2030, it is targeting an installed capacity of 25 GW.[6][14]
| 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 |
References
[edit]- ^ "AmpIn Energy Transition plans Rs3100cr investment in Eastern Region". Economic Times. Retrieved 21 March 2024.
- ^ "Amp Energy raises $250 million from SMBC Bank of Japan, ICG and AIIB". The Economic Times. Retrieved 2024-03-21.
- ^ Arora, Kunal (2021-09-07). "CARE Ratings - AMP Energy India Private Limited" (PDF). CARE Ratings. Retrieved 2024-03-21.
- ^ Murkute, Rajashree; Arya, Jatin; Ahmad, Md. Rizwan (25 October 2023). "CAREEdge Ratings - AmpIn Energy Transition Private Limited" (PDF). CARE Ratings. Retrieved 30 January 2025.
- ^ Arya, Jatin (28 July 2022). "CAREEdge Ratings - AMP Energy India Private Limited (Revised)" (PDF). CARE Ratings. Retrieved 30 January 2025.
- ^ 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).
- ^ PTI (2023-06-12). "Amp Energy secures $250-mn funding from SMBC Bank of Japan, ICG, AIIB". The Hindu. ISSN 0971-751X. Retrieved 2025-01-30.
- ^ "SMBC, 2 others to invest $250 mn in Amp Energy India". mint. 2023-06-11. Archived from the original on 2024-05-25. Retrieved 2025-01-30.
- ^ "Amp Energy secures $250 million funding from SMBC Bank of Japan, ICG, AIIB". BusinessLine. 2023-06-12. Retrieved 2024-03-28.
- ^ admin (2023-12-06). "AmpIn Energy Transition: Growing presence in the renewable C&I space". Power Line Magazine. Retrieved 2024-03-28.
- ^ "AmpIn Energy Transition to set up RE capacity of over 600 MW". BusinessLine. 2023-11-25. Retrieved 2025-01-30.
- ^ "AMPIN Energy Transition secures EUR 25 million investment from OeEB for renewable energy expansion". BusinessLine. 2024-03-29. Retrieved 2025-01-17.
- ^ Kala, Rishi Ranjan (2024-05-07). "responsAbility to invest up to $35 million in AMPIN Energy Transition". BusinessLine. Retrieved 2025-01-17.
- ^ 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.
Further reading
[edit]- 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.
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