AMPIN Energy Transition Private Limited, India’s leading renewable energy transition company, announced today that it has secured USD 50 million in investment from FMO, the Dutch entrepreneurial development bank. The funds will be utilized 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.
Mr. 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.”
Marnix Monsfort, Director of 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.”
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient, and sustainable. FMO focuses on three sectors that have high development impact: agribusiness, food & forestry, energy, and financial institutions. With a total committed portfolio of EUR ~13.5 billion spanning over 85 countries, FMO is one of the largest bilateral private sector development banks globally.
AMPIN Energy Transition is India’s leading renewable energy transition company with a total portfolio of 5 GWp spread across 23 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore, and Kolkata, AMPIN Energy Transition 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. It has the unique capability to provide renewable energy for 100% energy transition as well as to reduce the operating costs of marquee customers across 10 diverse sectors such as pharmaceuticals, automobiles, cement, steel, heavy engineering, infrastructure, FMCG, educational institutions, IT & data centers, utilities, and government bodies. In addition to its core renewable energy generation business, AMPIN’s Energy Transition Enablers enhance its competitive edge by driving strategic initiatives in energy trading, solar cell and module manufacturing, green hydrogen, and energy storage, allowing it to become one of India’s leading energy transition players. AMPIN is driven by an industry-leading team and backed by leading institutional investors from Europe, Asia, and North America.
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