AMPIN Energy Transition has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG, to fuel its growth in both commercial & industrial (C&I) and utility-scale renewable energy projects as well as its energy transition value chain business.
This marks AMPIN’s third major investment transaction this financial year, bringing the total equity capital raised to $270 million this year and taking the total equity capital to nearly $700 million to create a capital deployment of over $4 billion.
Pinaki Bhattacharyya, founder, MD and CEO of AMPIN Energy Transition, said, “In addition to capital, Siemens also brings strategic advantages being a global leader in energy technology, making them an ideal partner for our long-term growth. This partnership will also enable us to leverage cutting-edge technology and best-in-class solutions to expand our renewable energy footprint.”
Steffen Grosse, CEO of equity finance at Siemens Financial Services stated, “We are proud to invest in AMPIN, providing our financial expertise to support India and AMPIN’s customers in their renewable energy transition. Equipped for significant growth, India offers amazing long-term investment opportunities as the country strives to strengthen renewable energy growth across the value chain.”
AMPIN Energy Transition has a total renewable energy portfolio of 5 GWp spread across 22 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore and Kolkata, it 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. AMPIN is backed by leading institutional investors from Europe, Asia and North America.
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