AMPIN Energy Secures Financial Closure for 200MWp Solar-Wind Hybrid Project in Rajasthan

AMPIN Energy Transition, a leading player in the renewable energy sector, has announced the financial closure of its 200MWp solar-wind hybrid project in Rajasthan. The green loan financing for the project has been secured from Standard Chartered Bank, marking a major milestone in AMPIN’s efforts to expand its renewable energy portfolio and contribute to India’s clean energy transition.

The total investment for the project is valued at INR 944 crores (approximately USD 113 million). Upon completion, the hybrid plant is expected to generate 435 million units of renewable energy annually, supplying power to around 74,486 households. This project reinforces AMPIN’s commitment to sustainable energy solutions and enhances its presence in the growing renewable sector.

Mr. Pinaki Bhattacharyya, MD & CEO of AMPIN Energy Transition, commented on the achievement, stating, “We’re pleased to announce the financial closure of our 200MWp solar-wind hybrid project in Rajasthan, backed by a green loan of INR 742 crores (~USD 89 million). This milestone underscores our commitment to advancing India’s clean energy goals and expanding our renewable portfolio. Our collaboration with Standard Chartered Bank supports our vision of driving the energy transition and transforming the energy landscape in India.”

Prasad Hegde, Regional Head, Infrastructure & Development Finance Group, South Asia at Standard Chartered, added, “We are proud to partner with AMPIN Energy Transition on their first green loan financing, ensuring timely financial closure of this landmark project in Rajasthan. Standard Chartered remains committed to expanding sustainable finance, with a goal to mobilize USD 300 billion in sustainable finance by 2030.”

The electricity generated from the solar-wind hybrid plant will be supplied to the Solar Energy Corporation of India (SECI) under a 25-year Power Purchase Agreement (PPA). AMPIN currently operates a 410MWp solar portfolio in Rajasthan, and with the addition of this project, its cumulative solar and wind energy capacity in the state will scale up to 1GWp.

This achievement further solidifies AMPIN’s role as a key player in harnessing Rajasthan’s renewable energy potential and supporting India’s transition towards sustainable energy sources.