Ampin Energy Transition, formerly Amp Energy India, has secured Rs 2.92 billion investment from ResponsAbility Investments AG, a Swiss impact asset manager specialising in private market investments.
The infusion of funds will bolster Amp Energy’s initiatives across various projects under its special purpose vehicles, primarily focusing on commercial and industrial solar ventures across multiple sectors in India, including manufacturing, automotive, pharmaceuticals, healthcare, hospitals, and data centers. With plans to expand its operational capacity to 10 GWp by 2030, the company aims to significantly contribute to India’s renewable energy objective of achieving 500 GW of installed renewable energy capacity.