Amp Energy India, a leading energy transition platform and the first truly balanced Renewable Energy Independent Power Producer (IPP) in India, has secured up to USD 250 million in funding to support its growth. The investment comes from prominent financial institutions, including SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank).
Amp Energy India’s impressive portfolio spans across 17 states in India, with a total capacity exceeding 2.7 GW. The company provides renewable energy transition solutions to a wide range of sectors, including Pharmaceuticals, Automobiles, Cement, Steel, Infrastructure, FMCG, Education, IT & Datacenters, Utilities, and Government bodies.
Pinaki Bhattacharyya, Founder, Managing Director, and CEO of Amp Energy India, expressed gratitude towards the company’s dedicated team, supportive shareholders, the progressive government, customers, suppliers, lenders, and intermediaries for reaching this milestone. He also extended a warm welcome to the three new investors, acknowledging their confidence and investment in Amp Energy India’s unstoppable journey in the energy transition sector in India.
SMBC Bank of Japan, a multinational banking and financial services institution, highlighted Amp India’s resilience and remarkable growth, even during the pandemic. They recognized the potential in Amp India’s expertise in the Commercial and Industrial (C&I) sector and its expansion into the utility field. SMBC expressed excitement to continue their partnership and support Amp India’s innovative work in the renewable energy sector.
ICG, a leading global alternative asset manager, emphasized the significant opportunity presented by the growing demand for renewables and energy transition solutions in India. They recognized Amp India’s capabilities and expressed confidence in the company’s ability to execute its growth strategy effectively.
AIIB, a multilateral development finance institution, lauded Amp Energy India as a leading energy transition entity with a diverse portfolio across C&I clients and central utilities. They highlighted their commitment to supporting Amp Energy India’s growth capital, contributing to AIIB’s developmental impact and the country’s transition towards achieving a net-zero carbon future.
With this substantial funding, Amp Energy India is well-positioned to solidify its position as a leading energy transition platform in India and further accelerate its business plan to drive renewable energy adoption across the country.
