AMPIN Energy Transition Private Limited, India’s leading renewable energy transition company, announced that it has secured USD 50 million, investment from FMO, the Dutch entrepreneurial development bank. The funds will be utilised for the development of greenfield renewable energy projects.
This long-term investment marks a significant milestone in supporting AMPIN’s continued expansion of its renewable energy portfolio across India. The investment aligns with FMO’s strategic objective of scaling its investments in climate mitigation initiatives and directly contributes to India’s national target of achieving 500 GW of non-fossil fuel energy capacity by 2030.
Marnix Monsfort, Director Energy at FMO, said: “We are happy to partner with AMPIN in its next phase of growth and to support its energy transition initiatives across customer segments and technologies. This innovative investment would provide a long-term, at-scale solution to AMPIN’s capex needs alongside its equity investors. As a 100% green facility, with strong alignment to global environmental and social standards, this partnership reflects FMO’s commitment to supporting India’s energy transition commitments.”
Pinaki Bhattacharyya, Founder, MD & CEO, AMPIN Energy Transition, said, “This investment from FMO strengthens our ability to accelerate the deployment of high-quality renewable energy projects for India’s C&I and utility-scale customers. FMO’s trust in our vision reinforces AMPIN’s commitment to building a sustainable, climate-aligned energy future while adhering to the highest global environmental and social standards.”
