AMPIN Energy Transition has achieved financial closure on a US$195 million long-term project finance facility for a hybrid renewable energy project in Andhra Pradesh. Backed by a 100 MW power purchase agreement (PPA), the project will integrate solar, wind and battery energy storage to provide dispatchable renewable power during periods of peak electricity demand.
“As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security,” stated AMPIN.
“The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.”
The transaction was executed with Sumitomo Mitsui Banking Corp. (SMBC) and Rabobank acting as mandated lead arrangers, green loan coordinators, and joint structuring banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.
Pinaki Bhattacharyya, Founder, managing director & CEO, AMPIN Energy Transition, said the transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. “We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions,” he added.
“As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale,” said Jeanne Soh, managing director, Head of Structured Finance Asia Pacific, SMBC. “This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition.”
Amardeep Parmar, managing director & head of project finance Asia, Rabobank, said, “This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”
AMPIN Energy Transition is a renewable energy transition company with a total portfolio of 6 GWp and 5.5 GWh spread across 23 states in India. Headquartered in New Delhi with regional offices in Mumbai, Bangalore, and Kolkata, it has a balanced portfolio of renewable energy assets using a blend of solar, wind, and storage to provide green power to utility and commercial & industrial customers.
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