AMPIN Energy Transition
| File:AMPIN Energy Transition Logo.png | |
Formerly | AMP Energy India |
|---|---|
| Private | |
| ISIN | 🆔INE00WL07017 |
| Industry | Renewable energy |
| Founded 📆 | 2016 |
| Founder 👔 | |
| Headquarters 🏙️ | New Delhi, India |
Area served 🗺️ | |
Key people | Pinaki Bhattacharyya [1] (MD & CEO) |
| Products 📟 | |
| Services | |
| Members | |
Number of employees | |
| 🌐 Website | ampin |
| 📇 Address | |
| 📞 telephone | |
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 customers. As of 2025, it had a 5 GW portfolio across 23 Indian states, with plans to reach 10 GW in operating capacity and a 25 GW project pipeline by 2030.[2]
History
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 commercial-and-industrial renewable energy projects in India, marking its entry into the Indian market.[7]
Operations
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
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
- 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. [4]
Strategic partnerships
Sumitomo Corporation
In 2024, Entered a joint venture with AMPIN Energy Transition by acquiring a 49% stake.The collaboration focuses on developing commercial and industrial renewable energy projects in India.[10]
Copenhagen Infrastructure Partners
In 2024, Expanded partnership with AMPIN Energy Transition. Focus on co-developing large-scale renewable energy projects across India.[6]
Siemens Financial Services
In 2025, Invested $50 million in equity funding. Raised AMPIN’s total equity base to $700 million.[12]
Financials
In fiscal year 2024–25, AMPIN raised US$50 million from Siemens Financial Services, bringing its total equity capital base to approximately US$700 million.[12]
Awards
- Awarded Best Solar Initiative at the ET EnergyWorld Rajasthan Business Awards 2024.[13]
- Won the Utility-Scale Solar Developer award at the Mercom India Renewable Industry Awards 2024.[14]
- Recognized as a top Utility-Scale Developer at the Mercom India Renewable Industry Awards 2023.[15]
- Honored for excellence in solar project development at the Mercom India Solar Awards 2022.[16]
- Recognized as a leading renewable energy developer at the Renewable Energy India (REI) Awards.[17]
See also
References
- ↑ "AmpIn Energy Transition plans Rs3100cr investment in Eastern Region". Economic Times. Retrieved 21 March 2024.
- ↑ "AMPIN Energy Transition secures $35 million funding". The Economic Times. 2024-05-07. ISSN 0013-0389. Retrieved 2025-07-05.
- ↑ 3.0 3.1 3.2 Banerjee, Soumyajit (2024-09-30). "Critical Analysis of AMPIN Energy Transition: Assessing Its Strategic Decisions and Challenges". Open Access Cases. 1 (3).
- ↑ 4.0 4.1 "AmpIn invests INR 3,100 crores to propel Eastern India's renewable energy landscape". ETEnergyworld.com. Retrieved 2025-07-05.
- ↑ "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.
- ↑ 6.0 6.1 "AMPIN Energy Transition expands partnership with Copenhagen Infrastructure Partners". BusinessLine. 2024-11-19. Retrieved 2025-07-05.
- ↑ "Japan's Sumitomo Corp enters renewable energy market in India". Reuters. 2024-09-13. Retrieved 2025-07-05.
- ↑ 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.
- ↑ "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.
- ↑ "Japan's Sumitomo Corp enters renewable energy market in India". Reuters. 2024-09-13. Retrieved 2025-07-05.
- ↑ www.ETEnergyworld.com. "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million". ETEnergyworld.com. Retrieved 2025-09-09.
- ↑ 12.0 12.1 "AMPIN Energy Transition raises $50 million from Siemens, total equity capital reaches $700 million". ETEnergyworld.com. Retrieved 2025-07-05.
- ↑ "Shortlisted Users – Rajasthan Business Awards 2024". ET EnergyWorld. Retrieved 24 July 2025.
- ↑ "Winners of Mercom's 2024 Renewable Energy Industry Awards". Mercom India. 11 April 2024. Retrieved 24 July 2025.[dead link]
- ↑ "Mercom Announces Winners of 2023 India Renewable Energy Awards". Mercom India. 28 April 2023. Retrieved 24 July 2025.[dead link]
- ↑ "Mercom Announces Winners of the 2022 India Solar Awards". Mercom India. 26 April 2022. Retrieved 24 July 2025.[dead link]
- ↑ "REI Awards – Recognising Excellence in the Renewable Energy Sector". Renewable Energy India Expo. Retrieved 24 July 2025.[dead link]
Further reading
- 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 (2024). "Advances and development of wind–solar hybrid renewable energy technologies for energy transition and sustainable future in India". Energy & Environment. Sage Journals. 35 (5): 2517–2565. Bibcode:2024EnEnv..35.2517C. doi:10.1177/0958305X231152481.
- 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.
| Africa | |||||
|---|---|---|---|---|---|
| Asia | |||||
| Europe |
| ||||
| North America | |||||
| Oceania | |||||
| South America | |||||
This article "AMPIN Energy Transition" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:AMPIN Energy Transition. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
