responsAbility commits up to $35 million investment in AmpIn

AMPIN Energy Transition has revealed that it received an investment from responsAbility, a Swiss-based impact asset manager specialising in private market investments. As part of this plan, responsAbility will invest up to $35 million in AmpIn on behalf of its investors. This investment will support AmpIn in expanding its renewable energy portfolio throughout India. This move is part of responsAbility’s broader $500 million climate investment strategy focused on reducing carbon emissions in Asia.

The funds will allow AmpIn to carry out various projects through its different special purpose vehicles, with a focus on commercial and industrial solar across a diverse range of sectors (manufacturing, automotive and auto parts, pharmaceuticals, healthcare, hospitals, fast-moving consumer goods, and data centers) in India.

In April 2024, AmpIn Energy Transition disclosed a long-term investment of EUR 25 million from OeEB to assist AmpIn in advancing its renewable energy portfolio and setting up a domestic solar cell and module production facility with a capacity of 1 GW in Odisha.

In January 2024, AmpIn signed a 25-year power purchase agreement with the Maharashtra Metro Rail Corporation Limited for setting up a 6 MW solar project for its Nagpur Metro Rail project.