AMPIN Energy Transition Secures Up to USD 35 Million Investment from responsAbility

AMPIN Energy Transition has announced investment from responsAbility, a impact asset manager specializing in private market investments headquartered in Switzerland. As part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, it will invest up to USD 35 million on behalf of its investors in AMPIN.

This investment represents responsAbility’s most substantial commitment to climate financing to date and will help AMPIN in growing its renewable energy portfolio across India.

This is a significant step in responsAbility’s mission to mobilize capital and invest in solutions that generate positive societal and environmental impact in emerging markets.

Headquartered in India, AMPIN Energy Transition is a leading renewable energy transition company with a balanced portfolio of more than 3GWp spread across 21 states in the country catering to both C&I and utility customers. Backed by marquee institutional investors across the globe, AMPIN aims to build a renewable energy portfolio of 10 GWp by 2030 and this collaboration with responsAbility is a pivotal step towards our vision of an energy-independent India.

The funds will enable AMPIN to undertake a range of projects under its various SPVs, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India. This includes manufacturing, auto & auto ancillary, pharma, healthcare, hospitals, FMCG and data centers.

The company has plans to increase its operating capacity to 10 GWp by 2030 and drive the renewable energy transition in the country by contributing to India’s renewable energy goal of 500 GW of renewable energy installed capacity.

“We are happy to collaborate with responsAbility as this investment will fuel our mission to become the leaders in driving the renewable energy transition for commercial and industrial customers. With this infusion of capital, we are poised to accelerate our efforts in expanding clean energy access, driving economic development, reducing carbon emissions and navigating the country towards a sustainable and self-sufficient energy future.” Pinaki Bhattacharyya, MD & CEO, AMPIN Energy Transition.

Sameer Tirkar, Head of Climate Infrastructure Investments, APAC at responsAbility said: “Our investment in AMPIN, a leader in the renewable energy sector, emphasizes our commitment to renewable energy in India, particularly the C&I solar market. Drawing from our past experiences in the sector, we recognize the value of partnerships in advancing sustainable investing. Through our partnership with AMPIN, we aim to contribute to a more resilient energy infrastructure in India.”

Stefan Issler, Head of Climate Infrastructure Investments at responsAbility said: “We’re delighted to partner with AMPIN, signalling our joint commitment to sustainability and a cleaner future. With AMPIN’s established network and experienced leadership in India’s renewable energy sector, we’re poised for an impactful alliance. Together, we’ll expand renewable projects, ensuring affordable energy access, driving economic growth in India, and reducing CO2 emissions. It’s an exciting venture toward a more sustainable tomorrow!”